[MAYBANK] YoY Cumulative Quarter Result on 31-Dec-2003 [#2]

Announcement Date
25-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
30-Jun-2004
Quarter
31-Dec-2003 [#2]
Profit Trend
QoQ- 118.25%
YoY- 31.65%
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Cumulative Result
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Revenue 7,000,075 6,458,215 5,067,267 4,640,163 4,699,111 4,985,684 4,702,603 6.85%
PBT 2,004,247 1,866,484 1,774,340 1,499,535 1,225,440 1,208,288 1,016,266 11.97%
Tax -589,829 -546,002 -525,778 -405,619 -394,520 -455,122 -314,925 11.01%
NP 1,414,418 1,320,482 1,248,562 1,093,916 830,920 753,166 701,341 12.39%
-
NP to SH 1,360,955 1,307,024 1,248,562 1,093,916 830,920 753,166 701,341 11.67%
-
Tax Rate 29.43% 29.25% 29.63% 27.05% 32.19% 37.67% 30.99% -
Total Cost 5,585,657 5,137,733 3,818,705 3,546,247 3,868,191 4,232,518 4,001,262 5.71%
-
Net Worth 17,796,929 16,670,268 15,570,896 14,218,388 10,662,814 10,719,083 9,382,488 11.25%
Dividend
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Div 1,527,371 - 1,535,413 1,259,857 1,243,995 - - -
Div Payout % 112.23% - 122.97% 115.17% 149.71% - - -
Equity
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Net Worth 17,796,929 16,670,268 15,570,896 14,218,388 10,662,814 10,719,083 9,382,488 11.25%
NOSH 3,818,427 3,746,127 3,612,737 3,599,592 3,554,271 3,537,651 2,345,622 8.45%
Ratio Analysis
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
NP Margin 20.21% 20.45% 24.64% 23.57% 17.68% 15.11% 14.91% -
ROE 7.65% 7.84% 8.02% 7.69% 7.79% 7.03% 7.48% -
Per Share
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
RPS 183.32 172.40 140.26 128.91 132.21 140.93 200.48 -1.47%
EPS 35.64 34.89 34.56 30.39 23.38 21.29 19.94 10.15%
DPS 40.00 0.00 42.50 35.00 35.00 0.00 0.00 -
NAPS 4.6608 4.45 4.31 3.95 3.00 3.03 4.00 2.57%
Adjusted Per Share Value based on latest NOSH - 3,600,820
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
RPS 58.01 53.52 41.99 38.45 38.94 41.32 38.97 6.85%
EPS 11.28 10.83 10.35 9.07 6.89 6.24 5.81 11.68%
DPS 12.66 0.00 12.72 10.44 10.31 0.00 0.00 -
NAPS 1.4748 1.3815 1.2904 1.1783 0.8836 0.8883 0.7775 11.25%
Price Multiplier on Financial Quarter End Date
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Date 29/12/06 30/12/05 31/12/04 31/12/03 31/12/02 31/12/01 26/12/00 -
Price 11.80 11.10 11.80 9.65 7.40 8.30 13.50 -
P/RPS 6.44 6.44 8.41 7.49 5.60 5.89 6.73 -0.73%
P/EPS 33.11 31.81 34.14 31.75 31.65 38.99 45.15 -5.03%
EY 3.02 3.14 2.93 3.15 3.16 2.57 2.21 5.33%
DY 3.39 0.00 3.60 3.63 4.73 0.00 0.00 -
P/NAPS 2.53 2.49 2.74 2.44 2.47 2.74 3.38 -4.71%
Price Multiplier on Announcement Date
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Date 21/02/07 15/02/06 18/02/05 25/02/04 17/02/03 07/02/02 13/02/01 -
Price 13.20 11.00 12.30 11.20 7.85 8.70 14.20 -
P/RPS 7.20 6.38 8.77 8.69 5.94 6.17 7.08 0.28%
P/EPS 37.04 31.53 35.59 36.85 33.58 40.86 47.49 -4.05%
EY 2.70 3.17 2.81 2.71 2.98 2.45 2.11 4.19%
DY 3.03 0.00 3.46 3.13 4.46 0.00 0.00 -
P/NAPS 2.83 2.47 2.85 2.84 2.62 2.87 3.55 -3.70%

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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