[SHANG] QoQ TTM Result on 30-Jun-2005 [#2]

Announcement Date
23-Aug-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2005
Quarter
30-Jun-2005 [#2]
Profit Trend
QoQ- 36.16%
YoY- -1.58%
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TTM Result
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
Revenue 291,732 280,089 274,313 286,823 298,318 311,352 321,240 -6.22%
PBT 52,329 44,673 25,713 34,102 27,165 35,046 60,708 -9.43%
Tax -6,955 -6,103 954 186 -2,009 -4,105 -14,343 -38.30%
NP 45,374 38,570 26,667 34,288 25,156 30,941 46,365 -1.43%
-
NP to SH 42,658 37,326 25,912 34,252 25,156 30,941 46,365 -5.40%
-
Tax Rate 13.29% 13.66% -3.71% -0.55% 7.40% 11.71% 23.63% -
Total Cost 246,358 241,519 247,646 252,535 273,162 280,411 274,875 -7.04%
-
Net Worth 685,179 878,606 880,507 880,913 881,599 1,112,807 1,118,477 -27.89%
Dividend
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
Div 35,178 35,178 33,006 46,217 48,444 33,028 28,607 14.79%
Div Payout % 82.47% 94.25% 127.38% 134.93% 192.58% 106.75% 61.70% -
Equity
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
Net Worth 685,179 878,606 880,507 880,913 881,599 1,112,807 1,118,477 -27.89%
NOSH 440,176 439,303 440,253 440,456 440,799 439,844 440,345 -0.02%
Ratio Analysis
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
NP Margin 15.55% 13.77% 9.72% 11.95% 8.43% 9.94% 14.43% -
ROE 6.23% 4.25% 2.94% 3.89% 2.85% 2.78% 4.15% -
Per Share
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
RPS 66.28 63.76 62.31 65.12 67.68 70.79 72.95 -6.19%
EPS 9.69 8.50 5.89 7.78 5.71 7.03 10.53 -5.39%
DPS 8.00 8.00 7.50 10.50 11.00 7.50 6.50 14.86%
NAPS 1.5566 2.00 2.00 2.00 2.00 2.53 2.54 -27.87%
Adjusted Per Share Value based on latest NOSH - 440,456
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
RPS 66.30 63.66 62.34 65.19 67.80 70.76 73.01 -6.23%
EPS 9.70 8.48 5.89 7.78 5.72 7.03 10.54 -5.39%
DPS 8.00 8.00 7.50 10.50 11.01 7.51 6.50 14.86%
NAPS 1.5572 1.9968 2.0012 2.0021 2.0036 2.5291 2.542 -27.89%
Price Multiplier on Financial Quarter End Date
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
Date 31/03/06 30/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 -
Price 1.38 1.25 1.32 1.28 1.25 1.22 1.25 -
P/RPS 2.08 1.96 2.12 1.97 1.85 1.72 1.71 13.96%
P/EPS 14.24 14.71 22.43 16.46 21.90 17.34 11.87 12.91%
EY 7.02 6.80 4.46 6.08 4.57 5.77 8.42 -11.42%
DY 5.80 6.40 5.68 8.20 8.80 6.15 5.20 7.55%
P/NAPS 0.89 0.63 0.66 0.64 0.63 0.48 0.49 48.92%
Price Multiplier on Announcement Date
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
Date 12/06/06 16/03/06 28/10/05 23/08/05 19/05/05 18/02/05 09/11/04 -
Price 1.48 1.35 1.30 1.30 1.32 1.35 1.22 -
P/RPS 2.23 2.12 2.09 2.00 1.95 1.91 1.67 21.28%
P/EPS 15.27 15.89 22.09 16.72 23.13 19.19 11.59 20.20%
EY 6.55 6.29 4.53 5.98 4.32 5.21 8.63 -16.80%
DY 5.41 5.93 5.77 8.08 8.33 5.56 5.33 0.99%
P/NAPS 0.95 0.68 0.65 0.65 0.66 0.53 0.48 57.70%

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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