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

Announcement Date
25-Aug-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2005
Quarter
30-Jun-2005 [#2]
Profit Trend
QoQ- 6.81%
YoY- -19.01%
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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 112,962 113,769 114,235 113,205 115,184 114,148 116,849 -2.23%
PBT 15,611 16,253 15,331 13,994 13,939 14,212 17,663 -7.91%
Tax -3,205 -3,166 -2,675 -3,189 -4,311 -4,826 -5,711 -31.98%
NP 12,406 13,087 12,656 10,805 9,628 9,386 11,952 2.51%
-
NP to SH 10,473 10,936 10,889 9,743 9,122 9,386 11,952 -8.43%
-
Tax Rate 20.53% 19.48% 17.45% 22.79% 30.93% 33.96% 32.33% -
Total Cost 100,556 100,682 101,579 102,400 105,556 104,762 104,897 -2.78%
-
Net Worth 122,610 120,102 119,388 114,836 117,811 115,491 114,815 4.48%
Dividend
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
Div 5,438 5,438 6,740 6,740 6,740 6,740 3,107 45.28%
Div Payout % 51.93% 49.73% 61.90% 69.19% 73.90% 71.82% 26.00% -
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 122,610 120,102 119,388 114,836 117,811 115,491 114,815 4.48%
NOSH 45,411 45,321 45,222 45,211 45,138 44,938 45,025 0.57%
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 10.98% 11.50% 11.08% 9.54% 8.36% 8.22% 10.23% -
ROE 8.54% 9.11% 9.12% 8.48% 7.74% 8.13% 10.41% -
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 248.75 251.03 252.60 250.39 255.18 254.01 259.52 -2.78%
EPS 23.06 24.13 24.08 21.55 20.21 20.89 26.54 -8.95%
DPS 12.00 12.00 15.00 15.00 15.00 15.00 7.00 43.28%
NAPS 2.70 2.65 2.64 2.54 2.61 2.57 2.55 3.88%
Adjusted Per Share Value based on latest NOSH - 45,211
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
RPS 78.04 78.60 78.92 78.21 79.58 78.86 80.73 -2.23%
EPS 7.24 7.56 7.52 6.73 6.30 6.48 8.26 -8.41%
DPS 3.76 3.76 4.66 4.66 4.66 4.66 2.15 45.20%
NAPS 0.8471 0.8298 0.8248 0.7934 0.8139 0.7979 0.7932 4.48%
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 2.20 1.82 2.15 2.21 2.30 2.49 2.75 -
P/RPS 0.88 0.73 0.85 0.88 0.90 0.98 1.06 -11.67%
P/EPS 9.54 7.54 8.93 10.26 11.38 11.92 10.36 -5.35%
EY 10.48 13.26 11.20 9.75 8.79 8.39 9.65 5.66%
DY 5.45 6.59 6.98 6.79 6.52 6.02 2.55 65.99%
P/NAPS 0.81 0.69 0.81 0.87 0.88 0.97 1.08 -17.46%
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 13/06/06 28/02/06 24/11/05 25/08/05 26/05/05 28/02/05 25/11/04 -
Price 1.97 2.21 1.84 2.08 2.29 2.25 2.60 -
P/RPS 0.79 0.88 0.73 0.83 0.90 0.89 1.00 -14.55%
P/EPS 8.54 9.16 7.64 9.65 11.33 10.77 9.79 -8.71%
EY 11.71 10.92 13.09 10.36 8.82 9.28 10.21 9.57%
DY 6.09 5.43 8.15 7.21 6.55 6.67 2.69 72.50%
P/NAPS 0.73 0.83 0.70 0.82 0.88 0.88 1.02 -20.00%

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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