[RVIEW] QoQ TTM Result on 31-Mar-2004 [#1]

Announcement Date
28-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- 3.57%
YoY- 78.93%
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TTM Result
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Revenue 13,018 12,550 11,441 10,623 10,325 9,938 10,212 17.48%
PBT 10,346 9,196 7,925 6,087 5,841 5,311 5,112 59.65%
Tax -3,037 -2,206 -1,905 -1,619 -1,527 -1,532 -1,599 53.06%
NP 7,309 6,990 6,020 4,468 4,314 3,779 3,513 62.61%
-
NP to SH 7,309 6,990 6,020 4,468 4,314 3,779 3,513 62.61%
-
Tax Rate 29.35% 23.99% 24.04% 26.60% 26.14% 28.85% 31.28% -
Total Cost 5,709 5,560 5,421 6,155 6,011 6,159 6,699 -10.06%
-
Net Worth 100,458 93,338 91,326 90,058 91,292 88,355 87,565 9.54%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 5,571 5,569 5,569 1,554 1,554 1,089 1,867 106.57%
Div Payout % 76.22% 79.68% 92.52% 34.79% 36.03% 28.83% 53.15% -
Equity
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Net Worth 100,458 93,338 91,326 90,058 91,292 88,355 87,565 9.54%
NOSH 64,812 64,818 64,770 64,790 64,746 64,967 10,810 228.24%
Ratio Analysis
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
NP Margin 56.15% 55.70% 52.62% 42.06% 41.78% 38.03% 34.40% -
ROE 7.28% 7.49% 6.59% 4.96% 4.73% 4.28% 4.01% -
Per Share
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 20.09 19.36 17.66 16.40 15.95 15.30 94.46 -64.20%
EPS 11.28 10.78 9.29 6.90 6.66 5.82 32.50 -50.45%
DPS 8.60 8.60 8.60 2.40 2.40 1.68 17.27 -37.04%
NAPS 1.55 1.44 1.41 1.39 1.41 1.36 8.10 -66.62%
Adjusted Per Share Value based on latest NOSH - 64,790
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 20.07 19.35 17.64 16.38 15.92 15.32 15.74 17.50%
EPS 11.27 10.78 9.28 6.89 6.65 5.83 5.42 62.54%
DPS 8.59 8.59 8.59 2.40 2.40 1.68 2.88 106.52%
NAPS 1.5488 1.4391 1.408 1.3885 1.4075 1.3622 1.35 9.54%
Price Multiplier on Financial Quarter End Date
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Date 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 -
Price 2.08 2.14 2.22 2.36 2.32 2.38 17.60 -
P/RPS 10.36 11.05 12.57 14.39 14.55 15.56 18.63 -32.25%
P/EPS 18.44 19.84 23.89 34.22 34.82 40.92 54.16 -51.08%
EY 5.42 5.04 4.19 2.92 2.87 2.44 1.85 104.08%
DY 4.13 4.02 3.87 1.02 1.03 0.70 0.98 159.77%
P/NAPS 1.34 1.49 1.57 1.70 1.65 1.75 2.17 -27.37%
Price Multiplier on Announcement Date
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Date 28/02/05 26/11/04 27/08/04 28/05/04 27/02/04 28/11/03 29/08/03 -
Price 2.00 2.17 2.13 2.31 2.36 2.40 2.52 -
P/RPS 9.96 11.21 12.06 14.09 14.80 15.69 2.67 139.57%
P/EPS 17.73 20.12 22.92 33.50 35.42 41.26 7.75 73.18%
EY 5.64 4.97 4.36 2.99 2.82 2.42 12.90 -42.25%
DY 4.30 3.96 4.04 1.04 1.02 0.70 6.85 -26.58%
P/NAPS 1.29 1.51 1.51 1.66 1.67 1.76 0.31 157.59%

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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