[MAYBANK] QoQ TTM Result on 31-Dec-2010

Announcement Date
21-Feb-2011
Admission Sponsor
-
Sponsor
-
Financial Year
30-Jun-2011
Quarter
31-Dec-2010
Profit Trend
QoQ- 3.32%
YoY- 224.98%
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TTM Result
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Revenue 22,112,066 21,039,643 20,055,958 19,514,330 18,997,029 18,560,232 18,681,786 11.88%
PBT 6,706,607 6,270,467 5,901,032 5,780,604 5,618,538 5,370,408 3,189,646 64.05%
Tax -1,774,299 -1,650,709 -1,559,463 -1,562,013 -1,503,201 -1,401,958 -1,259,836 25.61%
NP 4,932,308 4,619,758 4,341,569 4,218,591 4,115,337 3,968,450 1,929,810 86.82%
-
NP to SH 4,750,211 4,450,278 4,208,436 4,096,224 3,964,478 3,818,167 1,787,553 91.73%
-
Tax Rate 26.46% 26.33% 26.43% 27.02% 26.75% 26.11% 39.50% -
Total Cost 17,179,758 16,419,885 15,714,389 15,295,739 14,881,692 14,591,782 16,751,976 1.69%
-
Net Worth 29,916,045 31,250,468 29,884,116 28,277,939 28,308,160 27,881,071 26,919,593 7.28%
Dividend
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Div 4,381,228 4,381,228 5,118,987 5,118,987 3,893,113 3,893,113 1,286,053 126.23%
Div Payout % 92.23% 98.45% 121.64% 124.97% 98.20% 101.96% 71.94% -
Equity
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Net Worth 29,916,045 31,250,468 29,884,116 28,277,939 28,308,160 27,881,071 26,919,593 7.28%
NOSH 7,479,011 7,428,030 7,324,358 7,158,066 7,075,801 7,078,929 7,076,840 3.75%
Ratio Analysis
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
NP Margin 22.31% 21.96% 21.65% 21.62% 21.66% 21.38% 10.33% -
ROE 15.88% 14.24% 14.08% 14.49% 14.00% 13.69% 6.64% -
Per Share
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
RPS 295.65 283.25 273.83 272.62 268.48 262.19 263.98 7.83%
EPS 63.51 59.91 57.46 57.23 56.03 53.94 25.26 84.79%
DPS 58.58 58.98 69.89 72.00 55.00 55.00 18.17 118.08%
NAPS 4.00 4.2071 4.0801 3.9505 4.0007 3.9386 3.8039 3.40%
Adjusted Per Share Value based on latest NOSH - 7,158,066
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
RPS 183.24 174.36 166.21 161.72 157.43 153.81 154.82 11.87%
EPS 39.37 36.88 34.88 33.95 32.85 31.64 14.81 91.78%
DPS 36.31 36.31 42.42 42.42 32.26 32.26 10.66 126.21%
NAPS 2.4792 2.5898 2.4765 2.3434 2.3459 2.3105 2.2309 7.28%
Price Multiplier on Financial Quarter End Date
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Date 30/09/11 30/06/11 31/03/11 30/12/10 30/09/10 30/06/10 31/03/10 -
Price 8.00 8.94 8.96 8.50 8.80 7.56 7.47 -
P/RPS 2.71 3.16 3.27 3.12 3.28 2.88 2.83 -2.84%
P/EPS 12.60 14.92 15.59 14.85 15.71 14.02 29.57 -43.34%
EY 7.94 6.70 6.41 6.73 6.37 7.13 3.38 76.62%
DY 7.32 6.60 7.80 8.47 6.25 7.28 2.43 108.43%
P/NAPS 2.00 2.12 2.20 2.15 2.20 1.92 1.96 1.35%
Price Multiplier on Announcement Date
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Date 14/11/11 22/08/11 12/05/11 21/02/11 12/11/10 20/08/10 13/05/10 -
Price 8.25 8.64 8.74 8.86 9.20 8.13 7.72 -
P/RPS 2.79 3.05 3.19 3.25 3.43 3.10 2.92 -2.98%
P/EPS 12.99 14.42 15.21 15.48 16.42 15.07 30.56 -43.43%
EY 7.70 6.93 6.57 6.46 6.09 6.63 3.27 76.90%
DY 7.10 6.83 8.00 8.13 5.98 6.77 2.35 108.85%
P/NAPS 2.06 2.05 2.14 2.24 2.30 2.06 2.03 0.98%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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