KLCI Stock - MAYBANK / 1155 - 2012 Quarter 3

MALAYAN BANKING BERHAD


Company Description

MALAYAN BANKING BERHAD and its subsidiaries provide various banking and financial services. As of June 30, 2009, the company operated 450 branches. The company’s product and service range includes commercial banking, investment banking, Islamic banking, offshore banking, insurance and takaful, factoring, trustee services, asset management, stock broking, nominee services, venture capital, and Internet banking. The company provides various services and products, including mortgage and automobile financing, credit and debit cards, bancassurance, wealth management, as well as retail and Internet banking. Segments The company operates in four segments: Banking, Investment Banking, Insurance and Takaful, and Others. Banking The Banking segment offers consumer and business banking products and services. It provides consumer banking products and services to individuals, including savings and fixed deposits, remittance services, and current accounts; consumer loans, such as housing loans and personal loans; unit trusts; bancassurance products; and credit cards. This segment also offers business banking products and services, which include long-term loans, such as project financing; short-term credit comprising overdrafts and trade financing; and fee-based services, including cash management and custodian services to large corporate and public sector, and small and medium enterprises. Corporate and Business Banking, which include corporate and commercial segments, caters to public listed companies, multinationals and institutional clients, as well as SMEs through various services that include cash management and trade financing. Investment Banking The Investment Banking segment engages in the business of discount house and securities brokerage services. It offers direct lending, advisory banking services, bond issuance, equity financing, syndicated financing, mergers and acquisitions advisory services, debt restructuring advisory services, and share and futures dealings services. The Investment Banking Group spearheaded by Maybank Investment Bank offers a range of investment solutions from corporate finance to debt capital markets, equity markets to research and strategic advisory. Insurance and Takafu The Insurance and Takaful segment involves in the business of underwriting various classes of general and life insurance, offshore investment life insurance business, and general takaful and family takaful businesses. The company’s Insurance business under the Etiqa brand offers all types and classes of Life and General conventional insurance as well as Family and General Takaful plans. Other segment The Others segment include asset and fund management, nominee and trustee services, and custodian services. It operates in Malaysia, Singapore, Indonesia, the Philippines, Papua New Guinea, Brunei Darussalam, the People’s Republic of China, Hong Kong, Vietnam, the United Kingdom, the United States, Cambodia, and Bahrain. Significant Events On December 28, 2009, Bank Of China (Malaysia) Berhad entered into strategic alliance relationship in renminbi business with six lenders in Malaysia. The bank is to release personal, corporate, and financial institutional deposit business with the six partners, including Malayan Banking Bhd, Public Bank Berhad, CIMB Investment Bank Berhad, RHB Bank, OCBC Bank (Malaysia) Berhad, and Alliance Bank Malaysia Bhd. History Malayan Banking Berhad was founded in 1960.

Company Info 

Listing Date	1962-01-17
Market Capital (Capital Size)	76,126,844,779 (Very Large)
Par Value	RM 1.00
Board	Main
Sector	Finance
Major Industry	Banking
Sub Industry	Other Financial Services
Website	http://www.maybank2u.com.my

My Analysis 

Forecast P/E now	(9.02-0.68)/0.7352 = 11.34 (Moderate)
Target Price	9.19+0.68 = 9.87 (PE 12.5, EPS 0.7352, DPS 0.68)
Decision	BUY if MACD moving back to bullish trend or wait rebound at lower price
Comment	Revenue increased 1.4% and was second consecutive quarter increasing and is highest all the time(higher than preceding year corresponding quarter 14.8%), eps increased 2.4% and was sixth consecutive quarter increasing (higher than preceding year corresponding quarter 11.3%), not enough cash for operating hence generated cash from financing and spent 7.9% of Group cash to cover all other expenses, interest margin improved quarter-by-quarter but still lower than 60%, Islamic banking growth, International Banking segment strong growth, Investment Banking and Global Market segment is weakening
First Support Price	9.0
Second Support Price	8.75
Risk Rating	MODERATE

Research House

Jupiter Target Price	9.2 (2012-06-07)
Alliance Target Price	9.29 (2012-08-17)
ECM Target Price	9 (2012-10-10)
Maybank Target Price	10.2 (2012-10-23)
CIMB Target Price	11 (2012-10-31)
AMMB Target Price	10.2 (2012-11-12)
HLG Target Price	10.46 (2012-11-12)
HwangDBS Target Price	10.6 (2012-11-12)
Kenanga Target Price	10.4 (2012-11-12)
MIDF Target Price	10.2 (2012-11-12)
OSK Target Price	10.64 (2012-11-12)
RHB Target Price	10.15 (2012-11-12)
TA Target Price	11.3 (2012-11-12)

Accounting Ratio 

Return on Equity	17.72%
Dividend Yield	7.54%
Interest Profit Margin	57.3%
Operating Profit Margin	28.54%
Net Profit Margin	29.05%
Tax Rate	24.22%
Asset Turnover	0.043
Net Asset Value Per Share	4.8
Net Tangible Asset per share	4.02
Price/Net Tangible Asset Per Share	2.24
Cash Per Share	8.02
Liquidity Current Ratio	1.1349
Liquidity Quick Ratio	0.9489
Liquidity Cash Ratio	0.1611
Gearing Debt to Equity Ratio	11.7959
Gearing Debt to Asset Ratio	0.9187
Working capital per thousand Ringgit sale	257.4%
Days to sell the inventory	1810
Days to collect the receivables	5297
Days to pay the payables	9229

Technical Analysis 

SMA 10	9.03 (Downtrend)
SMA 20	9.049 (Uptrend 6 days)
SMA 50	8.998 (Uptrend)
SMA 100	8.753 (Uptrend)
SMA 200	8.439 (Uptrend)
MACD (26d/12d)	0.008994 ( 0.001758 )
Signal (9)	0.016907 ( 0.001978 )
MACD Histogram	0.007913 (Bearish trend 15 days)
Bolinger Upper Band	9.18
Bolinger Lower Band	8.918

My notes based on 2012 quarter 3 report (number in '000):-
- Higher pbt than previous period corresponding quarter largely due to the growth in Group's net loans and advances. Higher non-interest income mainly contributed by higher unrealised gain on revaluation of securities held-for-trading and derivatives of RM83.3 million and RM297.5 million respectively. The increase was, however, offset by lower foreign exchange profit and lower gain on sale of development properties of RM235.8 million and RM39.9 million respectively

- Estimate next 4Q eps after 2012 Q3 result announced = 38783104*0.16/8439783 = 0.7352, estimate PE on current price 9.02 = 11.34(DPS 0.68)
- Estimate next 4Q eps after 2012 Q2 result announced = 38195219*0.145/7532032 = 0.7353, estimate highest/lowest PE = 12.08/11.18 (DPS 0.68)
- Estimate next 4Q eps after 2012 Q1 result announced = 35259700*0.15/7658206 = 0.6906, estimate highest/lowest PE = 12/11.31 (DPS 0.68)
- Estimate next 4Q eps after 2011 Q6 result announced = 34675990*0.145/7532032 = 0.6676, estimate highest/lowest PE = 12.45/11.53 (DPS 0.68)
- Estimate next 4Q eps after 2011 Q5 result announced = 0.1715*4*0.95 = 0.6517, estimate highest/lowest PE = 12.58/11.2 (DPS 0.6)
- Estimate next 4Q eps after 2011 Q4 result announced = 0.1554*4*0.95 = 0.5905, estimate highest/lowest PE = 14.02/11.23 (DPS 0.72)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.1552*4 = 0.6208, estimate highest/lowest PE = 13.34/12.05 (DPS 0.72)
- Estimate next 4Q eps after 2011 Q2 result announced = 0.1563*4*1.05 = 0.6565, estimate highest/lowest PE = 13.01/11.87 (DPS 0.72)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.1447*4*1.05 = 0.6077, estimate highest/lowest PE = 14.3/12.87 (DPS 0.55)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.5394*1.1 = 0.5933, estimate highest/lowest PE = 14.88/12.73 (DPS 0.55)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.1456*4 = 0.5824, estimate highest/lowest PE = 13.68/11.59 (DPS 0.19)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.1404*4 = 0.5616, estimate highest/lowest PE = 13.48/11.75 (DPS 0.19)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.1246*4 = 0.4984, estimate highest/lowest PE = 14.04/13.1 (DPS 0.08)

MAYBANK latest news (English)

MAYBANK latest news (Chinese)

Financial Quarter Summary

a_date	year	qrt	h_price	l_price	div	roe	c_roe	rev	c_rev	pbt	c_pbt	prof	c_prof	eps	c_eps	asset	c_asset	liab	c_liab	mino	equi	cfo	cfi	cff	cash	fcf	net	final	share	c_share	m_cap	date	inte_m	oper_m	prof_m	vat	asset_t	pe	navps	ntaps	p/ntaps	cps	l_cur	l_qui	l_cash	g_de	g_da	avg_w	inv_d	rec_d	pay_d
2012-11-09	2012	3	N/A	N/A	-	4.62%	13.20%	6970893	20505179	2024838	5945274	1500690	4285111	0.1909	0.5534	476922715	443891863	438139611	391113330	1639598	38783104	4874953	438998	1744509	45334185	5313951	3569442	41764743	7862483	7742845	70919596	2012-09-30	57.3%	28.54%	29.05%	24.22%	0.043	-	4.8	4.02	2.24	8.02	1.1349	0.9489	0.1611	11.7959	0.9187	257.4%	1810	5297	9229
2012-08-16	2012	2	9.56	8.9	0.32	4.43%	8.58%	6875924	13534286	2025864	3920436	1437540	2784421	0.1864	0.3628	492317219	459514736	454122000	406731594	1610870	38195219	10594426	263051	2270548	45947710	10331375	12601923	58549633	7711483	7675367	68940658	2012-06-30	56.7%	28.77%	29.46%	26.96%	0.0413	-	4.77	3.94	2.27	10.46	1.1298	0.951	0.1984	12.413	0.9224	259.4%	1800	5304	9598
2012-05-24	2012	1	8.97	8.49	-	4.15%	4.15%	6658362	6658362	1894572	1894572	1346881	1346881	0.1759	0.1759	463264365	430617969	428004665	381920350	1248453	35259700	3131713	87761	1233559	45357710	3219474	1985915	43371795	7658206	7658206	65094751	2012-03-31	56.6%	27.93%	28.45%	27.92%	0.0422	-	4.44	3.63	2.34	8.99	1.1275	0.9385	0.1802	12.5842	0.9239	249.2%	1857	5212	9357
2012-02-23	2011	6	8.99	8.38	0.36	4.52%	9.01%	6810165	12884511	1803354	3563401	1296679	2583069	0.1722	0.3442	452824540	420202711	416957431	371872404	1230563	35867109	5449986	574879	4267871	37431229	4875107	9142978	46574207	7532032	7505171	65528678	2011-12-31	58.9%	25.93%	26.48%	24.00%	0.0524	-	4.62	3.75	2.32	8.78	1.13	0.9426	0.1778	12.0381	0.9208	203.6%	1495	4220	7639
2011-11-14	2011	5	8.8	7.9	-	4.49%	4.49%	6074346	6074346	1760047	1760047	1286390	1286390	0.1715	0.1715	430561457	398288901	396352832	355574706	1229995	34208625	6722271	2061131	8250386	25410951	4661140	12911526	38322477	7499251	7499251	61868820	2011-09-30	55.9%	28.37%	28.98%	25.81%	0.0514	-	4.4	3.5	2.36	7.5	1.1201	0.9342	0.1581	12.0185	0.9205	193.2%	1544	4379	7844
2011-08-22	2011	4	9.0	7.35	0.32	4.03%	15.53%	5720999	21039643	1728529	6270467	1154316	4450278	0.1554	0.6141	411958694	380196837	379488429	343084290	1008766	32470265	8881803	2298378	5711781	24604448	6583425	12295206	36899654	7426278	7246476	64163041	2011-06-30	57.8%	29.51%	30.21%	27.50%	0.0511	14.0687	4.34	3.44	2.51	7.65	1.1082	0.9303	0.1655	12.062	0.9212	176.4%	1495	4406	7952
2011-05-12	2011	3	9.0	8.2	-	3.99%	11.50%	5128082	15318644	1575573	4541938	1142600	3295962	0.1552	0.4562	380341941	351480696	349662328	316522847	804219	30679613	6404520	59465	2733460	24377901	6345055	9078515	33456416	7361115	7225417	64336145	2011-03-31	59.5%	30.23%	30.72%	24.71%	0.0527	-	4.13	3.54	2.47	6.1	1.1104	0.906	0.1419	11.704	0.9193	174.3%	1654	4260	7645
2011-02-21	2011	2	9.26	8.51	0.28	3.93%	7.51%	5188639	10190563	1562020	2966365	1125248	2153362	0.1563	0.3009	357623145	329037176	327932776	297778241	763786	29690369	4550768	490286	1050793	28265858	4060482	5111275	23154583	7197925	7157215	63773615	2010-12-31	60.6%	29.38%	30.10%	27.87%	0.0546	-	4.04	3.45	2.57	5.72	1.105	0.8972	0.1383	11.3367	0.917	160.2%	1629	4104	7422
2010-11-12	2011	1	9.24	8.37	-	3.59%	3.59%	5001923	5001923	1404345	1404345	1028114	1028114	0.1447	0.1447	347087583	319092675	317979573	287046804	792409	29108010	434001	474025	75310	27833680	40024	115334	27949014	7105102	7105102	65366938	2010-09-30	61.0%	27.45%	28.08%	24.97%	0.0547	-	3.99	3.38	2.72	6.49	1.1116	0.9064	0.1606	11.2298	0.9161	168.7%	1592	3973	7373
2010-08-20	2010	4	9.38	8.1	0.44	3.54%	14.82%	4737314	18560232	1359094	5370408	912474	3818167	0.1289	0.5394	336699766	308817416	308034826	278072837	787764	28664940	8137072	423082	988574	22549455	7713990	6725416	29274871	7077983	7077957	57544001	2010-06-30	64.4%	27.95%	28.69%	28.26%	0.0551	15.0711	3.94	3.31	2.46	5.95	1.1106	0.9144	0.1514	11.0497	0.9149	165.6%	1495	4042	7247
2010-05-13	2010	3	8.16	6.94	-	4.00%	11.28%	4586454	13822918	1455145	4011314	1030388	2905693	0.1456	0.4105	329042646	301980328	301155758	271278711	962832	27886888	10008358	111544	250415	22672285	10119902	9869487	32541772	7077983	7077948	54642028	2010-03-31	61.5%	31.16%	31.73%	26.93%	0.0568	-	3.8	3.17	2.44	6.47	1.1132	0.9175	0.1687	11.1854	0.9152	164.3%	1397	3843	6804
2010-02-09	2010	2	7.76	6.79	0.11	3.86%	7.28%	4671338	9236464	1399954	2556169	993502	1875305	0.1404	0.2650	330831524	303727628	303001658	272850975	929031	27829866	7347614	36612	149925	23353290	7384226	7534151	30887441	7077983	7077930	47564045	2009-12-31	61.6%	29.22%	29.97%	26.90%	0.0555	-	3.8	3.15	2.13	6.22	1.1132	0.8993	0.1615	11.2637	0.9159	168.2%	1484	3879	6620
2009-11-12	2010	1	7.08	6.61	-	3.42%	3.42%	4565126	4565126	1156215	1156215	881803	881803	0.1246	0.1246	317040594	290335151	290204746	261150692	876794	26835848	87609	13927	613475	23438829	73682	687157	24125986	7077877	7077877	48412678	2009-09-30	59.7%	24.76%	25.33%	21.58%	0.0581	-	3.67	3.02	2.26	5.05	1.1118	0.8929	0.1369	11.1793	0.9154	158.4%	1405	3783	6082
2009-08-25	2009	4	7.04	6.31	0.08	5.57%	3.44%	4858868	17586337	821668	1674292	1118140	691875	0.1707	0.1200	310739123	284037817	284971146	256429586	869231	25767977	7484168	8057254	10284996	28755910	15541422	5256426	23499484	6551930	5763330	42718583	2009-06-30	53.5%	18.17%	16.91%	-	0.0496	54.3117	4.32	3.56	1.83	5.18	1.1077	0.8812	0.1324	11.4452	0.9171	179.2%	1685	4402	7063
2009-05-21	2009	3	6.86	5.05	-	2.50%	9.01%	4265121	12727469	653900	2495959	503281	1810014	0.1031	0.3708	308769019	280376162	287336539	258896939	850821	21432480	2930772	7465270	4514552	29249597	10396042	5881490	23368107	4881147	4881144	25381964	2009-03-31	53.0%	14.66%	15.33%	22.18%	0.0487	-	4.22	2.93	1.77	6.89	1.083	0.8744	0.1299	13.9608	0.9306	142.8%	1701	4513	7733
2009-02-27	2009	2	5.4	3.7	-	3.66%	6.50%	4729885	8462348	960285	1842059	734560	1306733	0.1505	0.2677	301706268	273755081	280630217	253802521	846899	21076051	3536561	7115802	4970560	28416441	10652363	5681803	22734638	4881147	4881143	24893849	2008-12-31	48.9%	19.83%	20.30%	23.49%	0.0481	-	4.14	2.87	1.78	6.61	1.0786	0.8735	0.1272	13.8726	0.9301	137.5%	1781	4593	8219
2008-11-11	2009	1	5.7	4.92	-	2.88%	2.88%	1550248	1550248	887950	887950	578349	578349	0.1185	0.1185	304397688	279229003	282689068	258928860	1771334	21708620	592525	4019605	3643910	28403800	4612130	968220	27435580	4881138	4881138	26846259	2008-09-30	49.2%	24.59%	57.28%	35.03%	0.0453	-	4.08	3.44	1.6	8.41	1.0784	0.8988	0.1586	14.1789	0.9287	147.3%	1725	4881	9078
2008-08-27	2008	4	7.95	4.74	0.2	3.54%	14.74%	4492540	16153942	1018735	4086070	703213	2928202	0.1441	0.6005	269100700	248569947	249008938	227409663	789269	20091762	5247769	2358068	976473	36226669	7605837	8582310	27644359	4881359	4876439	35633920	2008-06-30	51.9%	33.45%	22.68%	25.72%	0.06	12.1569	3.96	3.92	1.86	8.7	1.093	0.9323	0.1868	12.9004	0.9253	131.0%	1152	3719	6827
2008-05-14	2008	3	8.1	6.85	-	3.82%	11.20%	3737527	11661402	1020004	3067335	758606	2224989	0.1551	0.4560	258876096	241160168	238443678	222073459	681293	20432418	2019277	146315	3772785	35671158	1872962	1899823	33771335	4890071	4879641	38142553	2008-03-31	49.0%	27.29%	27.29%	24.76%	0.0613	-	4.05	4.01	1.95	10.05	1.0859	0.9243	0.2214	12.0724	0.9211	120.2%	1143	3486	6724
2008-02-20	2008	2	9.8	7.55	0.15	3.68%	7.38%	4001770	7923875	1033229	2047331	730954	1466383	0.1876	0.3766	264066093	246269024	243971619	227492682	656568	20094474	2324664	117673	2942544	36517013	2206991	735553	35781460	3896103	3893807	38181809	2007-12-31	47.2%	25.83%	25.82%	29.72%	0.061	-	4.99	4.94	1.98	14.45	1.0825	0.9183	0.2474	12.5513	0.9239	116.6%	1167	3369	6781
2007-11-15	2008	1	13.2	9.65	0.175	3.70%	3.70%	3922105	3922105	1014102	1014102	735429	735429	0.1934	0.1934	255848744	238221718	235277259	216094584	661341	20571485	6000035	49884	1655953	37273849	6049919	7705872	29567977	3802091	3802091	43343837	2007-09-30	45.1%	25.86%	25.86%	25.85%	0.0608	-	5.24	5.18	2.2	13.93	1.1024	0.9293	0.2451	11.817	0.9196	142.2%	1236	3385	6888
2007-08-29	2007	4	11.4	11.0	0.4	N/A	N/A	4213098	15179312	1331299	4363698	1052806	3178372	0.2708	0.8258	256667276	239183577	236799128	216515325	670492	19868148	6474413	238770	38271	31323508	6235643	6273914	37597422	3887496	3848639	46649952	2007-06-30	44.7%	31.73%	31.60%	19.78%	0.0453	14.5306	4.99	4.94	2.43	15.59	1.1047	0.9479	0.2799	12.3348	0.9226	194.8%	1522	4417	9352
2007-05-11	2007	3	N/A	N/A	-	N/A	N/A	3966139	10966214	1028152	3032399	764611	2125566	0.1975	0.5542	245849658	228963488	226021252	208829154	767377	19828406	4194759	188819	1009605	31339929	4005940	2996335	34336264	3870755	3835687	49545664	2007-03-31	48.1%	26.02%	25.92%	25.06%	0.0302	-	4.97	4.95	2.59	14.95	1.0964	0.933	0.2771	11.8578	0.9193	271.1%	2367	6540	13942
2007-02-21	2007	2	N/A	N/A	0.4	N/A	N/A	3459963	7000075	1133414	2004247	792274	1360955	0.2056	0.3535	235409562	219679962	216734439	200499828	761529	18675123	3564504	91547	965916	32067138	3656051	4621967	27445171	3852578	3849858	45460420	2006-12-31	47.4%	32.67%	32.76%	26.90%	0.0147	-	4.65	4.63	2.55	13.15	1.0957	0.9192	0.2527	12.0989	0.9207	554.3%	-	13830	N/A

Financial Quarter Balance Sheet

year	qrt	Deferred tax assets (A-0)	General & family Takaful fund assets (A-0)	Intangible assets (A-0)	Investment in associated companies (A-0)	Investment properties (A-0)	Property, plant and equipment (A-0)	Available-for-sale securities (A-1)	Cash and cash equivalents (A-1)	Deposits with licensed banks (A-1)	Derivative assets (A-1)	Held-for-trading securities (A-1)	Held-to-maturity securities (A-1)	Loans, advances & financing (A-1)	Other assets (A-1)	Securities portfolio (A-1)	Securities purchased under resale agreements (A-1)	Statutory deposits with Bank Negara Malaysia (A-1)	Capital securities (L-0)	Deferred tax liabilities (L-0)	General & family Takaful fund policyholders fund (L-0)	Loans & borrowings (L-0)	Subordinated obligations (L-0)	Bills payables (L-1)	Deposits & placements of banks & other financial institutions (L-1)	Deposits from customers (L-1)	Derivative liabilities (L-1)	General & family Takaful fund liabilities (L-1)	Obligations on securities sold under repurchase agreements (L-1)	Other liabilities (L-1)	Provision for taxation (L-1)	Recourse obligations on loans sold to Cagamas Berhad (L-1)	Minority interest (M-1)
2012	3	1538008	20512976	6029603	2282937	46080	2621248	55167830	44344502	7069795	2693394	12558679	3422424	297587911	7821000	-	1622254	11604074	6167902	643608	16538024	10436129	13240618	2215651	37723301	330488373	2339557	3974953	-	12554591	1121547	695357	1639598
2012	2	1414380	20105864	6349259	2334269	46266	2552445	55251075	60348330	8612579	2390015	11198385	4483132	295663090	8064816	-	1777656	11725658	6148456	624731	16137261	10606504	13873454	3650303	43034101	340265196	2295318	3968604	-	12226218	591001	700853	1610870
2012	1	1455515	20102950	6247077	2342697	61633	2436524	48653351	44900238	12811603	2007727	10887473	11682480	279085104	8500941	-	974890	11114162	6128372	255570	17120886	8402680	14176807	3650269	39287033	320234817	1732148	2982064	-	13034284	291472	708263	1248453
2011	6	1369565	19903312	6507949	2406462	62007	2372534	55415428	49089088	6452978	1954476	9665997	3179416	274430691	8039986	-	1397235	10577416	6113761	608275	17017208	7185230	14160553	4472872	36760978	313709780	2162709	2886104	267652	10576494	320212	715603	1230563
2011	5	1451187	19369722	6693814	2454500	44530	2258803	46686207	40738848	6052174	2639072	9510165	9842188	265312289	8012441	-	61552	9433965	6142503	249345	15069819	6332423	12984036	5664304	36071740	293262656	3307331	4299903	272924	11946335	227606	521907	1229995
2011	4	1402705	19196413	6509048	2439654	45051	2168986	47258558	38803519	10291513	1652182	4141978	9638714	253976426	6735522	-	-	7698425	6120774	247892	13787814	5447120	10800539	8513401	33303655	281976379	1533935	5408600	373562	11311853	134620	528285	1008766
2011	3	1884293	18957374	4296328	2327074	45091	1351085	-	31988872	8495385	2741079	-	-	234086727	5028237	64235465	483754	4421177	6031678	177611	14077392	4846024	8006776	3776250	33962978	260738982	2562778	4879982	148614	9331724	573383	548156	804219
2011	2	1866322	18647985	4230206	2443994	45166	1352296	-	24599921	12371261	1618097	-	-	219420022	4935580	61879822	-	4212473	6020497	179290	13774622	3155976	7024150	4173030	28845424	248137754	1605779	4872622	211005	8666542	716145	549940	763786
2011	1	1683910	18250463	4270174	2382781	45227	1362353	-	27115304	15742909	1706551	-	-	206762484	5613826	58745699	161678	3244224	5996708	176151	13426857	3308845	8024208	2568156	31922433	236964636	1656111	4823606	754231	7181929	552265	623437	792409
2010	4	1564963	17960059	4480714	2471438	45324	1359852	-	28707992	8915375	1306769	-	-	205555067	5319548	54170046	371237	4471382	5978752	151109	12938148	2824864	8069116	3061586	23257868	236909788	1346242	5021911	407056	6951520	466889	649977	787764
2010	3	1549154	17065301	4513720	2506212	48113	1379818	-	32622775	8456520	1194171	-	-	196715419	5215130	52978910	104785	4692618	5987440	56787	12461117	2806633	8565070	1876361	23721251	231933128	1213456	4604184	404109	6543313	302231	680678	962832
2010	2	1502053	16949203	4612487	2595478	49109	1395566	-	30975103	8703846	959666	-	-	195124730	5223518	58225811	135865	4379089	6054935	71370	12460712	2934552	8629114	1376894	27368685	230865510	1214200	4488390	317803	6585791	168088	465614	929031
2010	1	1430104	16617158	4561768	2660138	52713	1383562	-	24231967	7486377	1144141	-	-	190907411	5370901	57072398	77691	4044265	6061407	49141	12191046	2105770	8646690	1449108	26444552	218764605	1506855	4426112	177967	7781248	109139	491106	876794
2009	4	1493132	16781901	4374010	2630123	26578	1395562	-	23607979	6299175	973685	-	-	185783166	5249290	57727128	346462	4050932	6047541	57430	12251906	1512310	8672373	1470063	28781863	212598589	1459068	4529995	-	6986000	87743	516265	869231
2009	3	1300563	16296474	6256060	3054565	3973	1481222	-	23368108	6778148	1505896	-	-	185938688	5291573	53736938	268139	3488672	6022423	52008	12287030	1349205	8728934	2634934	30906254	211724180	1958045	4009444	-	7174003	199030	291049	850821
2009	2	1122291	16098647	6207137	3041549	3932	1477631	-	22734638	4145744	1677152	-	-	182575367	5153870	52063075	-	5405235	6032242	49492	12098407	-	8647555	3712399	29154554	206592878	2073087	4000240	-	7276767	232804	759792	846899
2009	1	1299165	16157574	3147672	3031354	3925	1528995	-	27435579	6829290	1421845	-	-	184299760	5923310	46481805	30356	6807058	6028317	52309	12096605	-	5582977	5486337	32707225	204946312	1435738	4060969	878960	8193300	399555	820464	1771334
2008	4	1217490	15689969	189729	2218847	3885	1210833	-	27644359	8956515	830150	-	-	164614175	4101178	36551156	-	5872414	3497316	51862	11657147	1417227	4975723	4792302	23136879	187112077	1055097	4032822	322371	5248563	435483	1274069	789269
2008	3	893803	15349348	196485	44489	40388	1191415	-	33771335	10741500	744020	-	-	151596866	3742003	35876647	31257	4656540	4953167	64664	11352388	-	-	3142318	21453146	185202377	1090070	3996960	114314	5179590	525102	1369582	681293
2008	2	971880	15344250	206640	44656	40724	1188919	-	35781460	15550274	671651	-	-	148621768	3320313	37255656	116798	4951104	4987113	69485	11422339	-	-	2161423	29891574	182847736	760806	3921911	318357	4860957	848011	1881907	656568
2008	1	926989	15254651	211325	45434	40742	1147885	-	29567977	18292084	406784	-	-	144331474	3114770	36948666	454175	5105788	5017582	63157	14101936	-	-	4909708	23671012	177106013	654634	1152715	701480	4920630	884179	2094213	661341
2007	4	1016730	15037859	193072	43601	40750	1151687	-	37597422	17348421	394870	-	-	140864736	3375393	33691730	258772	5652233	6344048	96810	13842945	-	-	2930070	29534690	163676762	656705	1194914	9957065	5089567	1019790	2455762	670492
2007	3	979349	14415932	81015	11701	-	1398173	-	34336264	18390868	-	-	-	133063054	3909861	33863749	263179	5136513	3813850	32399	13345849	-	-	2450414	26435437	154086605	-	1070083	15201304	5780877	926012	2878422	767377
2007	2	1009693	13217339	81015	12083	-	1409470	-	27445171	18112060	-	-	-	131097762	2531339	34992136	382637	5118857	3841210	39625	12353776	-	-	1545410	22836896	150369167	-	863563	15753853	4948735	898089	3284115	761529

Financial Quarter Income Statement

year	qrt	Revenue	Income tax expense	Other income	Administrative/Operating expenses	Minority interest	Share of profit/ (loss) of associates	Impairment loss	Net income from Islamic banking business	Write back/(Allowances) for losses on loans, advance & financing	Writeback of allowance for non-refundable deposit	Net claims incurred	Net income from insurance business	Impairment loss in respect of goodwill	Impairment loss on investment in associated companies	Interest income	Interest expense
2012	3	6970893	490379	1316047	2043997	33769	35687	13910	568137	87399	-	167010	258392	-	-	3768040	1609149
2012	2	6875924	546213	1344334	1982303	42111	47740	27276	566841	199421	-	144545	314227	-	-	3714424	1608157
2012	1	6658362	528902	1408015	1994808	18789	34991	470	534826	195908	-	113449	200675	-	-	3567381	1546681
2011	6	6810165	432885	1151478	2053954	73790	37713	68255	491707	230333	-	325915	648246	-	-	3651685	1499018
2011	5	6074346	454186	1222702	1887885	19471	36521	1018	516330	98747	-	81288	177785	-	-	3352634	1479023
2011	4	5720999	475307	1196660	1962115	98906	40538	114025	443022	47717	-	79851	425279	-	-	3160672	1333934
2011	3	5128082	389311	928844	1553956	43662	25305	4292	387772	72201	-	-	84092	-	-	2978987	1207562
2011	2	5188639	435386	1034948	1634059	1386	37807	6299	392876	117513	-	96305	137338	-	-	2990012	1176785
2011	1	5001923	350705	1008154	1556005	25526	31358	13923	338203	264735	-	71401	158154	-	-	2908316	1133776
2010	4	4737314	384061	1127174	1616446	62559	35031	23439	355751	311183	-	-	-	-	-	2783987	991781
2010	3	4586454	391861	943941	1442613	32896	26020	42501	341488	226058	-	-	101869	-	-	2710569	1042572
2010	2	4671338	376574	994906	1488717	29878	34976	9828	355949	252846	-	-	82460	-	-	2732413	1049359
2010	1	4565126	249462	990113	1490906	24950	25808	32264	381556	417723	-	79843	151858	-	-	2728251	1100635
2009	4	4858868	241939	1400668	1524389	54533	25878	91487	317159	782494	0	-	-	1619518	111067	2922198	1358616
2009	3	4265121	145004	647339	1415716	5615	28484	67193	327299	409806	0	-	-	-	0	2911975	1368482
2009	2	4729885	225617	832186	1403024	108	22285	22562	305077	321093	0	-	-	-	0	3163811	1616395
2009	1	1550248	311018	494996	1226483	1417	22857	242000	281973	192232	483824	-	-	-	-	2571879	1306864
2008	4	4492540	261990	1296755	1124685	53532	274	60243	273085	353581	483824	-	-	-	-	2601784	1250768
2008	3	3737527	252551	617917	1065425	8847	62	16538	267815	166324	-	-	-	-	-	2754681	1405136
2008	2	4001770	307048	636335	1053972	4773	382	-	214156	177569	-	-	-	-	-	2994263	1579602
2008	1	3922105	262141	610223	1009062	16532	124	-	209550	108052	-	-	-	-	-	2910891	1599324
2007	4	4213098	263305	867873	978850	15188	5505	-	195607	46773	-	-	-	-	-	2905336	1606389
2007	3	3966139	257693	680793	935806	5848	3962	-	189139	194988	-	-	-	-	-	2690628	1397652
2007	2	3459963	304919	775959	981269	36221	2958	-	225932	140913	-	-	-	-	-	2639053	1388306

Financial Quarter Segments Revenue

year	qrt	Investment Banking	Community Financial Services	Corporate Banking	Global Market	International Banking	Insurance, Takaful & Asset Management	Head Office & Others
2012	3	71732	1351318	381160	167268	914329	24963	183742
2012	2	95760	1277298	351345	182837	865465	19266	118863
2012	1	106165	1255521	312475	199792	839071	17475	174973
2011	6	59376	1403417	288395	149765	851245	17355	125179
2011	5	66395	1218057	286401	162154	755157	8399	106622
2011	4	76109	1236270	226520	177570	685518	20833	153060
2011	3	3313	1080654	213000	188200	690745	15687	32402
2011	2	2188	1229106	225990	178200	727857	9971	167209
2011	1	4221	1113940	186710	158800	656113	24461	31502
2010	4	4148	149400	1538200	170600	629733	38941	84265
2010	3	3553	1291900	161000	6900	655187	17300	126355
2010	2	6767	1005110	184290	221700	644503	23209	33042
2010	1	24215	1137590	152510	215000	629405	26831	176379
2009	4	13466	785300	428200	70000	634468	25896	87036
2009	3	23915	758900	478600	147900	614821	28916	182260
2009	2	7488	758740	483700	207400	553233	24202	167294
2009	1	29634	757260	497600	82200	389698	23809	229953

Financial Quarter Segments Profit

year	qrt	Investment Banking	Community Financial Services	Corporate Banking	Global Market	International Banking	Insurance, Takaful & Asset Management	Head Office & Others
2012	3	64589	782972	386739	335597	646130	173366	400242
2012	2	136857	643816	512943	386117	527173	163573	392355
2012	1	115569	731211	404252	407895	428828	99504	327678
2011	6	4744	872588	202097	193789	486038	287735	281350
2011	5	45072	816246	393677	408302	419609	97934	457314
2011	4	45932	647690	388333	312892	302797	315146	324799
2011	3	28027	910573	256581	349510	302681	81315	378419
2011	2	54196	889801	275058	289210	490076	12223	486351
2011	1	7356	541980	164076	369680	258907	78937	47949
2010	4	25600	25266	699941	404184	520	182787	36297
2010	3	16839	694035	129399	179785	483727	83400	158060
2010	2	42452	598742	250667	352475	347033	95483	321874
2010	1	58900	330885	135000	354066	297727	79900	126071
2009	4	72180	381506	46100	146693	37798	246900	48137
2009	3	8850	360300	235900	63593	177478	41450	134969
2009	2	23461	483460	459641	206754	206791	5763	276112
2009	1	16807	250937	189831	259356	203257	33394	94665

Financial Quarter Segments Associate

year	qrt	Investment Banking	International Banking	Insurance, Takaful & Asset Management	Head Office & Others
2012	3	208	35232	247	-
2012	2	445	47132	163	-
2012	1	822	34169	-	-
2011	6	343	37370	-	-
2011	5	2276	34245	-	-
2011	4	-	40538	-	-
2011	3	-	25305	-	-
2011	2	-	37807	-	-
2011	1	-	31358	-	-
2010	4	-	35031	-	-
2010	3	-	26020	-	-
2010	2	-	34976	-	-
2010	1	-	25808	-	-
2009	4	-	26000	-	122
2009	3	-	28484	-	-
2009	2	-	22285	-	-
2009	1	-	22857	-	-

Short form reference
a_date = announcement date, yr = financial year end, qrt = quarter
h_price = stock highest price during the quarter, l_price = stock lowest price during the quarter
div = dividend recommend or declare in the quarter, roe = return on equity
c_roe = cumulative of return on equity during the financial year
rev = revenue in the current quarter, c_rev = cumulative of revenue during the financial year
pbt = profit before tax in the current quarter, c_pbt = cumulative of profit before tax during the financial year
eps = earnings per share in the current quarter, c_eps = cumulative of earnings per share during the financial year
asset = total asset, liab = total liability, mino = minority interest, equi = total equity
cfo = net cash flow from operating activities, cfi = net cash flow from investing activities
cff = net cash flow from financing activities, cash = cash and cash equivalents as at beginning of financial year
final = cash and cash equivalents as at current financial period ended
share = diluted/basic weighted average number of ordinary shares
c_share = cumulative of diluted/basic weighted average number of ordinary shares during the financial year
m_cap = market capital at announcement date of quarterly report, date = current financial period ended date
prof_m = profit margin, vat = income tax rate, pe = price earning per share ratio of recent four quarter
navps = net asset value per share, ntaps = net tangible asset per share, cps = cash per share
l_cur = liquidity current ratio, l_qui = liquidity quick ratio, l_cash = liquidity cash ratio
g_de = gearing debt to equity ratio, g_da = gearing debt to assets ratio
avg_w = average working capital per thousand Ringgit sale
inv_d = average days to sell the inventory, rec_d = Average days to collect the receivables

CURRENT

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