[MAYBANK] QoQ Annualized Quarter Result on 31-Mar-2014 [#1]

Announcement Date
29-May-2014
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2014
Quarter
31-Mar-2014 [#1]
Profit Trend
QoQ- -2.23%
YoY- 6.33%
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Annualized Quarter Result
31/12/14 30/09/14 30/06/14 31/03/14 31/12/13 30/09/13 30/06/13 CAGR
Revenue 35,712,006 34,733,745 34,232,272 33,427,060 33,250,777 33,308,817 33,410,728 4.52%
PBT 9,111,583 8,907,462 8,909,204 8,831,152 8,869,594 8,757,326 8,431,152 5.29%
Tax -2,200,540 -2,373,208 -2,402,554 -2,293,156 -2,098,261 -2,123,964 -2,068,742 4.19%
NP 6,911,043 6,534,254 6,506,650 6,537,996 6,771,333 6,633,362 6,362,410 5.65%
-
NP to SH 6,716,455 6,380,296 6,354,232 6,406,340 6,552,391 6,427,054 6,147,896 6.05%
-
Tax Rate 24.15% 26.64% 26.97% 25.97% 23.66% 24.25% 24.54% -
Total Cost 28,800,963 28,199,490 27,725,622 26,889,064 26,479,444 26,675,454 27,048,318 4.26%
-
Net Worth 51,490,705 49,185,096 47,949,877 48,182,123 44,873,374 43,873,311 43,605,622 11.68%
Dividend
31/12/14 30/09/14 30/06/14 31/03/14 31/12/13 30/09/13 30/06/13 CAGR
Div 5,163,019 2,879,953 4,289,776 - 4,625,318 2,573,567 3,830,729 21.94%
Div Payout % 76.87% 45.14% 67.51% - 70.59% 40.04% 62.31% -
Equity
31/12/14 30/09/14 30/06/14 31/03/14 31/12/13 30/09/13 30/06/13 CAGR
Net Worth 51,490,705 49,185,096 47,949,877 48,182,123 44,873,374 43,873,311 43,605,622 11.68%
NOSH 9,057,929 8,999,853 8,937,035 8,853,427 8,645,455 8,578,556 8,512,733 4.21%
Ratio Analysis
31/12/14 30/09/14 30/06/14 31/03/14 31/12/13 30/09/13 30/06/13 CAGR
NP Margin 19.35% 18.81% 19.01% 19.56% 20.36% 19.91% 19.04% -
ROE 13.04% 12.97% 13.25% 13.30% 14.60% 14.65% 14.10% -
Per Share
31/12/14 30/09/14 30/06/14 31/03/14 31/12/13 30/09/13 30/06/13 CAGR
RPS 394.26 385.94 383.04 377.56 384.60 388.28 392.48 0.30%
EPS 74.15 70.89 71.10 72.36 75.79 74.92 72.22 1.76%
DPS 57.00 32.00 48.00 0.00 53.50 30.00 45.00 17.01%
NAPS 5.6846 5.4651 5.3653 5.4422 5.1904 5.1143 5.1224 7.16%
Adjusted Per Share Value based on latest NOSH - 8,853,427
31/12/14 30/09/14 30/06/14 31/03/14 31/12/13 30/09/13 30/06/13 CAGR
RPS 295.95 287.84 283.69 277.01 275.55 276.03 276.88 4.52%
EPS 55.66 52.87 52.66 53.09 54.30 53.26 50.95 6.05%
DPS 42.79 23.87 35.55 0.00 38.33 21.33 31.75 21.94%
NAPS 4.2671 4.076 3.9737 3.9929 3.7187 3.6358 3.6136 11.68%
Price Multiplier on Financial Quarter End Date
31/12/14 30/09/14 30/06/14 31/03/14 31/12/13 30/09/13 30/06/13 CAGR
Date 31/12/14 30/09/14 30/06/14 31/03/14 31/12/13 30/09/13 28/06/13 -
Price 9.17 9.96 9.83 9.68 9.94 9.84 10.40 -
P/RPS 2.33 2.58 2.57 2.56 2.58 2.53 2.65 -8.20%
P/EPS 12.37 14.05 13.83 13.38 13.12 13.13 14.40 -9.60%
EY 8.09 7.12 7.23 7.48 7.62 7.61 6.94 10.73%
DY 6.22 3.21 4.88 0.00 5.38 3.05 4.33 27.22%
P/NAPS 1.61 1.82 1.83 1.78 1.92 1.92 2.03 -14.28%
Price Multiplier on Announcement Date
31/12/14 30/09/14 30/06/14 31/03/14 31/12/13 30/09/13 30/06/13 CAGR
Date 26/02/15 26/11/14 28/08/14 29/05/14 27/02/14 21/11/13 21/08/13 -
Price 9.16 9.67 10.10 9.98 9.70 9.55 10.00 -
P/RPS 2.32 2.51 2.64 2.64 2.52 2.46 2.55 -6.09%
P/EPS 12.35 13.64 14.21 13.79 12.80 12.75 13.85 -7.33%
EY 8.09 7.33 7.04 7.25 7.81 7.85 7.22 7.85%
DY 6.22 3.31 4.75 0.00 5.52 3.14 4.50 24.01%
P/NAPS 1.61 1.77 1.88 1.83 1.87 1.87 1.95 -11.96%

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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