[MAYBANK] QoQ TTM Result on 31-Mar-2012 [#1]

Announcement Date
24-May-2012
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2012
Quarter
31-Mar-2012 [#1]
Profit Trend
QoQ- 4.18%
YoY- 20.91%
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TTM Result
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Revenue 31,606,691 30,541,527 28,609,780 26,405,682 23,660,845 22,112,066 21,039,643 31.00%
PBT 7,896,302 7,677,158 7,492,132 7,194,193 6,875,194 6,706,607 6,270,467 16.53%
Tax -1,977,618 -1,980,426 -1,964,262 -1,893,202 -1,753,611 -1,774,299 -1,650,709 12.73%
NP 5,918,684 5,696,732 5,527,870 5,300,991 5,121,583 4,932,308 4,619,758 17.87%
-
NP to SH 5,745,920 5,545,034 5,371,839 5,088,249 4,883,968 4,750,211 4,450,278 18.48%
-
Tax Rate 25.04% 25.80% 26.22% 26.32% 25.51% 26.46% 26.33% -
Total Cost 25,688,007 24,844,795 23,081,910 21,104,691 18,539,262 17,179,758 16,419,885 34.58%
-
Net Worth 42,237,634 37,136,383 35,924,617 34,012,756 32,966,670 29,916,045 31,250,468 22.13%
Dividend
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Div 5,253,669 5,178,707 5,178,707 5,087,797 5,087,797 4,381,228 4,381,228 12.80%
Div Payout % 91.43% 93.39% 96.40% 99.99% 104.17% 92.23% 98.45% -
Equity
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Net Worth 42,237,634 37,136,383 35,924,617 34,012,756 32,966,670 29,916,045 31,250,468 22.13%
NOSH 8,441,786 7,852,903 7,712,124 7,639,711 7,530,075 7,479,011 7,428,030 8.86%
Ratio Analysis
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
NP Margin 18.73% 18.65% 19.32% 20.08% 21.65% 22.31% 21.96% -
ROE 13.60% 14.93% 14.95% 14.96% 14.81% 15.88% 14.24% -
Per Share
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
RPS 374.41 388.92 370.97 345.64 314.22 295.65 283.25 20.34%
EPS 68.07 70.61 69.65 66.60 64.86 63.51 59.91 8.84%
DPS 62.23 65.95 67.15 66.60 67.57 58.58 58.98 3.62%
NAPS 5.0034 4.729 4.6582 4.4521 4.378 4.00 4.2071 12.19%
Adjusted Per Share Value based on latest NOSH - 7,639,711
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
RPS 261.93 253.10 237.09 218.83 196.08 183.24 174.36 31.00%
EPS 47.62 45.95 44.52 42.17 40.47 39.37 36.88 18.48%
DPS 43.54 42.92 42.92 42.16 42.16 36.31 36.31 12.80%
NAPS 3.5003 3.0775 2.9771 2.8187 2.732 2.4792 2.5898 22.13%
Price Multiplier on Financial Quarter End Date
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Date 31/12/12 28/09/12 29/06/12 30/03/12 30/12/11 30/09/11 30/06/11 -
Price 9.20 9.01 8.70 8.87 8.58 8.00 8.94 -
P/RPS 2.46 2.32 2.35 2.57 2.73 2.71 3.16 -15.31%
P/EPS 13.52 12.76 12.49 13.32 13.23 12.60 14.92 -6.32%
EY 7.40 7.84 8.01 7.51 7.56 7.94 6.70 6.81%
DY 6.76 7.32 7.72 7.51 7.87 7.32 6.60 1.60%
P/NAPS 1.84 1.91 1.87 1.99 1.96 2.00 2.12 -8.97%
Price Multiplier on Announcement Date
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Date 21/02/13 09/11/12 16/08/12 24/05/12 23/02/12 14/11/11 22/08/11 -
Price 8.93 9.02 8.94 8.50 8.70 8.25 8.64 -
P/RPS 2.39 2.32 2.41 2.46 2.77 2.79 3.05 -14.94%
P/EPS 13.12 12.77 12.83 12.76 13.41 12.99 14.42 -6.07%
EY 7.62 7.83 7.79 7.84 7.46 7.70 6.93 6.50%
DY 6.97 7.31 7.51 7.83 7.77 7.10 6.83 1.35%
P/NAPS 1.78 1.91 1.92 1.91 1.99 2.06 2.05 -8.94%

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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