[TIENWAH] QoQ TTM Result on 31-Mar-2011 [#1]

Announcement Date
10-May-2011
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2011
Quarter
31-Mar-2011 [#1]
Profit Trend
QoQ- 7.97%
YoY- 23.17%
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TTM Result
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Revenue 388,575 380,316 367,600 355,611 354,666 355,475 353,775 6.43%
PBT 44,580 39,630 32,754 22,965 21,113 21,349 22,165 59.13%
Tax -6,206 -5,681 -4,275 -2,296 -2,212 -4,422 -5,642 6.53%
NP 38,374 33,949 28,479 20,669 18,901 16,927 16,523 75.10%
-
NP to SH 26,421 23,456 19,972 14,922 13,821 12,616 11,757 71.31%
-
Tax Rate 13.92% 14.34% 13.05% 10.00% 10.48% 20.71% 25.45% -
Total Cost 350,201 346,367 339,121 334,942 335,765 338,548 337,252 2.53%
-
Net Worth 211,227 198,868 96,501 96,642 140,726 165,337 156,517 22.05%
Dividend
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Div 16,396 10,626 10,626 10,626 10,626 8,309 8,309 57.12%
Div Payout % 62.06% 45.30% 53.21% 71.21% 76.89% 65.87% 70.68% -
Equity
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Net Worth 211,227 198,868 96,501 96,642 140,726 165,337 156,517 22.05%
NOSH 96,451 96,537 96,501 96,642 71,799 68,890 68,950 25.00%
Ratio Analysis
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
NP Margin 9.88% 8.93% 7.75% 5.81% 5.33% 4.76% 4.67% -
ROE 12.51% 11.79% 20.70% 15.44% 9.82% 7.63% 7.51% -
Per Share
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
RPS 402.87 393.95 380.93 367.97 493.97 516.00 513.09 -14.85%
EPS 27.39 24.30 20.70 15.44 19.25 18.31 17.05 37.04%
DPS 17.00 11.01 11.01 11.00 14.80 12.05 12.05 25.70%
NAPS 2.19 2.06 1.00 1.00 1.96 2.40 2.27 -2.35%
Adjusted Per Share Value based on latest NOSH - 96,642
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
RPS 268.46 262.75 253.97 245.69 245.03 245.59 244.42 6.43%
EPS 18.25 16.21 13.80 10.31 9.55 8.72 8.12 71.32%
DPS 11.33 7.34 7.34 7.34 7.34 5.74 5.74 57.15%
NAPS 1.4593 1.3739 0.6667 0.6677 0.9723 1.1423 1.0814 22.04%
Price Multiplier on Financial Quarter End Date
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Date 30/12/11 30/09/11 30/06/11 31/03/11 30/12/10 30/09/10 30/06/10 -
Price 1.79 1.64 1.70 1.81 1.68 1.88 1.90 -
P/RPS 0.44 0.42 0.45 0.49 0.34 0.36 0.37 12.20%
P/EPS 6.53 6.75 8.21 11.72 8.73 10.27 11.14 -29.89%
EY 15.30 14.82 12.17 8.53 11.46 9.74 8.97 42.61%
DY 9.50 6.71 6.48 6.07 8.81 6.41 6.34 30.84%
P/NAPS 0.82 0.80 1.70 1.81 0.86 0.78 0.84 -1.58%
Price Multiplier on Announcement Date
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Date 21/02/12 10/11/11 09/08/11 10/05/11 23/02/11 10/11/10 10/08/10 -
Price 2.05 1.63 1.59 1.86 1.68 1.69 2.00 -
P/RPS 0.51 0.41 0.42 0.51 0.34 0.33 0.39 19.52%
P/EPS 7.48 6.71 7.68 12.05 8.73 9.23 11.73 -25.85%
EY 13.36 14.91 13.02 8.30 11.46 10.84 8.53 34.75%
DY 8.29 6.75 6.93 5.91 8.81 7.13 6.03 23.56%
P/NAPS 0.94 0.79 1.59 1.86 0.86 0.70 0.88 4.48%

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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