As of: 1/23/2014

Ticker

Company Name

Price

COL
Rating

Date of
Update

COL
FV

Buy
Below

Outstanding
Shares (Mil)

Market Cap
(PhpMil)

2011

1,289,162
286,470
352,424
84,232
27,533
219,035
106,177
57,277
75,836
80,178

252,712
54,678
41,758
12,744
7,304
48,980
27,518
26,968
11,659
21,103

281,233
60,625
47,384
13,960
9,784
55,868
28,579
29,823
14,048
21,163

1,959,582
25,721
272,268
54,064
94,779
30,237
160,126
101,063
10,549
53,688
29,577
199,833
8,039
51,774
62,322
288,988
110,610
47,339
20,783
44,488
133,126
47,988
112,219
2,121,420
317,695
300,942
277,285
35,528
135,083
291,564
194,785
568,538
141,193
585,691
25,107
178,200
175,762
109,273
16,844
17,888
265,925
837,570
233,478
604,092

733,468
25,144
54,476
697
0
33,935
47,803
24,540
8,775
58,303
11,157
28,784
3,846
17,279
0
48,315
22,070
12,004
7,742
12,695
273,956
16,134
25,814
642,356
86,834
68,915
53,650
69,751
7,179
123,057
32,688
200,282
535,775
196,175
3,502
16,995
62,555
38,988
17,129
10,336
67,168
229,997
81,518
148,479

1,081,416
390,474
13,366
32,495
115,729
81,795
402,815
44,743
7,874,842

Banks and Financials

BDO
BPI
CHIB
EW
MBT
PNB
RCB
SECB
UBP

BANCO DE ORO
BANK OF PHILIPPINE ISLANDS
CHINA BANKING CORP
EASTWEST BANKING CORP
METROPOLITAN BANK & TRUST
PHILIPPINE NATIONAL BANK
RIZAL COMMERCIAL BANKING CORP c
SECURITY BANK CORP
UNION BANK OF PHILIPPINES c

80.00
89.75
59.00
24.40
79.80
85.00
44.90
125.80
125.00

BUY
HOLD
HOLD
BUY
BUY
HOLD
N/A
BUY
N/A

01/06/14
01/13/14
01/06/14
01/06/14
01/06/14
01/13/14
N/A
01/06/14
N/A

94.00
95.00
56.00
36.00
100.00
87.00
N/A
145.00
N/A

81.70
82.60
48.70
31.30
87.00
75.70
N/A
126.10
N/A

3,581
3,624
1,428
1,128
2,745
673
1,141
603
641

30.00
37.00
5.12
8.95
49.90
60.30
5.39
10.18
15.96
8.80
98.25
6.70
8.89
14.08
256.40
4.25
23.50
12.60
17.66
14.20
9.72
315.00

BUY
HOLD
N/A
BUY
HOLD
HOLD
BUY
BUY
BUY
N/A
HOLD
N/A
N/A
HOLD
HOLD
HOLD
Under Review
HOLD
HOLD
N/A
N/A
HOLD

01/23/14
01/06/14
N/A
01/13/14
01/06/14
01/06/14
01/23/14
01/06/14
01/23/14
N/A
01/06/14
N/A
N/A
01/06/14
01/06/14
01/06/14
01/06/14
01/06/14
01/06/14
N/A
N/A
01/06/14

40.50
37.30
N/A
11.20
60.00
50.50
7.60
12.70
28.40
N/A
108.00
N/A
N/A
14.25
252.00
4.83
N/A
15.60
12.18
N/A
N/A
322.00

35.20
32.40
N/A
9.70
48.00
43.90
6.61
11.00
24.70
N/A
93.90
N/A
N/A
12.40
219.10
4.20
13.60
10.60
N/A
N/A
280.00

780
7,359
10,559
10,590
606
2,655
18,750
1,036
3,350
3,364
1,942
1,178
5,824
412
1,127
24,614
2,041
1,448
2,517
9,375
4,933
356

530.00
54.50
27.00
64.30
775.00
41.55
18.00
714.00
59.40

BUY
N/A
Under Review
BUY
HOLD
BUY
N/A
HOLD
N/A

01/06/14
N/A
01/06/14
01/23/14
01/06/14
01/17/14
N/A
01/06/14
N/A

689.00
N/A
N/A
119.60
805.00
48.00
N/A
739.00
N/A

599.10
N/A
104.00
700.00
41.70
N/A
642.60
N/A

594
5,522
10,110
605
174
6,797
8,981
778
2,373

7.03
11.88
167.00
39.50
4.56
5.66
121.90

BUY
HOLD
HOLD
HOLD
N/A
N/A
HOLD

01/06/14
01/06/14
01/06/14
01/06/14
N/A
N/A
01/06/14

9.10
11.33
126.00
41.00
N/A
N/A
117.00

7.91
9.90
109.60
35.70
N/A
N/A
101.70

3,571
15,000
1,047
2,766
3,694
3,160
2,182

GLOBE TELECOM INC

PHILIPPINE LONG DISTANCE TEL

1,761.00
2,796.00

HOLD
BUY

01/06/14
01/06/14

1,470.00
3,260.00

1,278.30
2,834.80

132
213

AYALA LAND INC

CENTURIES PROPERTIES GROUP
FILINVEST LAND INC
MEGAWORLD CORP
ROBINSONS LAND
SM PRIME HOLDINGS
VISTA LAND & LIFESCAPES INC

27.55
1.38
1.34
3.62
19.98
14.48
5.24

BUY
BUY
BUY
BUY
BUY
BUY
BUY

01/06/14
01/06/14
01/06/14
01/06/14
01/06/14
01/06/14
01/06/14

36.08
2.60
2.29
4.54
25.30
19.41
6.83

31.40
2.26
1.99
3.95
22.00
16.90
5.94

13,752
8,900
24,250
32,371
4,094
17,374
8,405

Commercial and Industrial

ABS
AP
BEL
BLOOM
CEB
DMC
EDC
EEI
FGEN
GMA7
ICT
LR
LRI
MCP
MER
MPI
MWC
MWIDE
NIKL
PCOR
PX
SCC

ABS-CBN BROADCASTING CORP

ABOITIZ POWER CORP
BELLE CORP c
BLOOMBERY RESORTS CORP
CEBU AIR INC
DMCI HOLDINGS INC
PNOC ENERGY DEV CORP
EEI CORPORATION
FIRST GEN CORPORATION
GMA NETWORK INC c
INTL CONTAINER TERM SVCS
LIESURE & RESORTS WORLD CORP c
c
LAFARGE REPUBLIC INC
MELCO CROWN PHILS RESORTS CORP
MANILA ELECTRIC COMPANY
METRO PACIFIC INVESTMENTS
MANILA WATER COMPANY
MEGAWIDE CONSTRUCTION CORP
NICKEL ASIA CORP
c
PETRON CORP
PHILEX MINING CORP c
SEMIRARA MINING

Conglomerates
AC
AEV
AGI
FPH
GTCAP
JGS
LTG
SM
SMC

AYALA CORPORATION
ABOITIZ EQUITY VENTURES INC c
ALLIANCE GLOBAL
FIRST PHILIPPINE HLDGS
GT CAPITAL HLDGS
JG SUMMIT HLDGS
LT GROUP INC c
SM INVESTMENTS CORP
SAN MIGUEL CORP c

Consumer
DNL
EMP
JFC
PGOLD
PIP
RFM
URC

D&L INDUSTRIES INC

EMPERADOR INC
JOLLIBEE FOODS CORPORATION
PUREGOLD PRICE CLUB INC
PEPSI-COLA PRODUCTS PHILS. INC c
c
RFM CORPORATION
UNIVERSAL ROBINA CORPORATION

Telecoms
GLO
TEL

Property
ALI
CPG
FLI
MEG
RLC
SMPH
VLL

MARKET
PSEi
PSEi ex-TEL, GLO
*
c

Source: Bloomberg
Consensus Forecast

Revenue
2012
2013E

Revenue Growth
2012
2013E

2014E

2011

309,109
71,549
54,067
15,304
13,177
69,286
28,367
23,857
13,332
20,170

318,532
75,245
58,717
17,035
16,285
63,771
27,948
24,578
14,669
20,284

4%
5%
7%
-4%
-1%
2%
-1%
8%
-9%
25%

11%
11%
13%
10%
34%
14%
4%
11%
20%
0%

10%
18%
14%
10%
35%
24%
-1%
-20%
-5%
-5%

2014E
3%
5%
9%
11%
24%
-8%
-1%
3%
10%
1%

930,454
28,395
62,153
421
0
37,904
51,740
28,369
13,691
67,952
11,834
32,454
4,429
19,935
0
50,923
27,807
14,553
8,205
11,607
424,795
9,137
24,150
763,306
104,134
77,635
95,095
72,410
20,029
135,253
30,568
228,182
698,868
230,219
6,375
22,812
71,059
57,467
19,494
10,998
71,202
249,930
86,446
163,484

1,028,072
32,415
59,564
1,744
18,045
48,176
48,339
27,568
13,445
89,269
12,575
39,837
2,846
24,848
53,655
31,117
15,921
10,200
11,118
451,735
9,519
26,137
920,785
129,077
83,302
125,633
95,298
37,425
154,547
43,506
251,997
725,625
269,799
11,944
27,652
79,447
76,350
22,130
10,160
81,712
250,147
86,989
163,158

1,130,842
32,664
60,405
3,435
37,132
57,001
53,956
28,613
14,767
91,641
12,880
46,977
3,273
28,281
12,877
55,803
34,717
17,295
11,547
12,502
477,139
11,568
26,367
1,036,163
141,918
84,759
142,833
98,213
41,409
207,036
47,267
272,728
743,759
299,810
12,914
31,993
87,257
85,182
24,517
11,106
91,748
253,289
89,931
163,358

12%
-10%
-9%
-45%
17%
10%
-1%
27%
9%
-7%
21%
0%
-10%
27%
19%
9%
71%
52%
20%
20%
13%
12%
6%
-4%
45%
13%
20%
1%
184%
12%
118%
19%
-65%
113%
17%
34%
6%
14%
16%
3%
24%
-6%

27%
13%
14%
-39%
12%
8%
16%
56%
17%
6%
13%
15%
15%
5%
26%
21%
6%
-9%
55%
-43%
-6%
19%
20%
13%
77%
4%
179%
10%
-6%
14%
30%
17%
82%
34%
14%
47%
14%
6%
6%
9%
6%
10%

10%
14%
-4%
314%
27%
-7%
-3%
-2%
31%
6%
23%
-36%
25%
5%
12%
9%
24%
-4%
6%
4%
8%
21%
24%
7%
32%
32%
87%
14%
42%
10%
4%
17%
87%
21%
12%
33%
14%
-8%
15%
0%
1%
0%

10%
1%
1%
97%
106%
18%
12%
4%
10%
3%
2%
18%
15%
14%
4%
12%
9%
13%
12%
6%
22%
1%
13%
10%
2%
14%
3%
11%
34%
9%
8%
2%
11%
8%
16%
10%
12%
11%
9%
12%
1%
3%
0%

126,988
41,231
3,952
8,482
20,106
12,807
26,897
13,513
2,181,697

153,491
49,904
8,804
10,576
23,630
13,515
30,726
16,336
2,608,634

217,830
69,085
11,660
10,706
27,711
15,700
63,041
19,927
2,995,742

243,921
75,106
13,376
12,759
32,221
17,319
69,476
23,664
3,282,556

19%
16%
42%
20%
25%
21%
13%
19%
11%

21%
21%
123%
25%
18%
6%
14%
21%
20%

42%
38%
32%
1%
17%
16%
105%
22%
15%

12%
9%
15%
19%
16%
10%
10%
19%
10%

6,688,123

2,278,440

2,806,717

3,149,907

3,391,669

25%

23%

12%

8%

5,850,553

2,048,443

2,556,787

2,899,760

3,138,380

29%

25%

13%

8%

2011

Net Income
2012
2013E

2014E

2011

Net Income Growth

2012
2013E

2014E

2011

2012

EPS
2013E

2014E

2011

EPS Growth
2012
2013E

3.91
3.61
3.51
2.52
3.86
7.05
4.45
11.12
10.28

4.46
4.58
3.54
1.76
5.44
7.02
5.09
12.42
11.83

5.86
5.72
3.85
2.07
8.70
7.26
4.62
10.24
12.74

5.87
6.42
4.26
2.50
6.69
6.93
4.54
11.81
11.90

11%
16%
7%
0%
-4%
20%
75%
10%
-6%
23%

18%
14%
27%
1%
-30%
41%
0%
14%
12%
15%

3.26
2.94
0.03
0.03
5.93
3.61
-0.01
0.71
0.32
0.35
2.73
-0.04
0.42
0.22
11.73
0.23
1.74
0.68
1.76
0.90
1.17
16.93

2.30
3.32
0.05
-0.07
5.89
3.69
0.46
0.94
2.07
0.33
2.49
0.29
0.48
-0.08
15.10
0.26
2.21
0.91
1.10
0.13
0.05
17.85

2.10
2.53
0.08
0.25
4.33
4.16
0.38
0.94
1.14
0.34
3.22
0.26
0.66
-0.76
17.53
0.28
2.51
0.78
1.12
0.34
0.34
18.24

1.67
2.06
0.18
0.66
4.98
4.43
0.36
1.04
1.30
0.36
4.02
0.70
0.79
-0.54
19.14
0.30
2.61
0.95
1.41
0.41
0.61
17.89

14.53
3.84
1.18
3.10
26.60
1.26
0.68
34.60
4.97

17.15
4.33
1.38
16.74
44.27
1.99
0.85
31.29
9.05

22.86
3.93
1.46
8.00
49.10
1.45
0.86
35.54
4.19

26.37
3.93
1.61
8.57
54.66
2.65
1.01
39.69
4.84

0.40
0.15
3.14
0.97
0.08
0.16
2.25

0.41
0.33
3.58
1.11
0.23
0.22
3.70

0.38
0.41
4.32
1.51
0.27
0.24
4.53

0.44
0.48
5.15
1.71
0.30
0.28
4.86

74.02
163.24

51.54
163.86

87.70
177.84

93.20
181.49

-7%
-23%
-14%
-57%
-50%
22%
13%
-66%
-40%
16%
-41%
37%
58%
7%
48%
18%
17%
45%
40%
-14%
-15%
-3%
66%
-92%
11%
-45%
280%
49%
-20%
-18%
43%
36%
4%
141%
-60%
-19%
-40%
-21%
1%
-23%

P/E (x)
2012
2013E

2014E

PEG
2013

P/BV
2013E

ROE
2013E

Div Yield
2013E

12.5
13.7
15.7
15.3
11.8
9.2
11.7
9.7
12.3
9.8

12.6
13.6
14.0
13.8
9.8
11.9
12.3
9.9
10.7
10.5

1.3
0.9
0.9
1.6
0.6
0.8
0.0
0.0
0.0
34.2

1.9
1.7
2.9
1.8
1.4
1.6
1.3
1.3
1.9
1.6

16.9
13.1
19.7
12.4
12.6
18.7
9.3
13.3
19.7
22.2

2.1%
2.6%
2.6%
2.0%
0.0%
1.0%
0.0%
2.7%
1.9%
2.8%

18.7
13.0
11.1
94.8
8.5
16.3
11.7
10.8
7.7
26.4
39.5
18.5
17.0
16.4
10.6
13.8
16.1
109.2
211.3
17.6
18.8
30.9
12.6
19.6
3.8
17.5
20.9
21.2
22.8
6.6
40.0
17.1
36.0
46.7
35.6
19.8
26.1
32.9
18.3
34.2
17.1

18.7
14.3
14.6
61.7
11.5
14.5
14.3
10.8
14.0
25.9
30.5
13.5
14.6
15.4
9.4
16.2
15.8
41.5
28.3
17.3
19.2
23.2
13.9
18.5
8.0
15.8
28.7
20.9
20.1
14.2
32.5
18.6
29.0
38.7
26.2
16.7
24.1
26.9
16.2
20.1
15.7

16.5
18.0
18.0
28.9
13.6
10.0
13.6
14.8
9.8
12.2
24.4
24.5
11.3
13.4
14.2
9.0
13.3
12.6
34.8
16.0
17.6
16.7
20.1
13.9
16.8
7.5
14.2
15.7
17.9
18.0
12.3
29.1
16.0
24.8
32.4
23.1
15.0
20.6
25.1
15.8
18.9
15.4

2.9
0.0
0.0
0.8
0.0
1.5
0.0
2.1
0.0
6.5
1.1
0.5
1.2
2.0
1.1
7.4
1.2
0.5
0.1
3.2
1.0
0.0
2.3
0.0
1.4
1.9
2.4
1.6
0.0
1.9
5.3
1.4
1.9
1.1
1.1
1.9
1.8
0.6
3.0

3.0
1.3
3.1
2.8
4.8
1.2
2.6
2.2
1.6
32.7
124.6
2.8
3.4
1.2
1.8
3.7
1.9
2.3
2.0
5.3
2.3
2.3
2.9
3.0
0.5
2.2
1.7
1.7
3.0
5.5
2.8
7.2
3.5
2.3
2.7
5.1
4.1
4.7
4.0

15.3
8.9
15.3
16.4
14.6
10.6
17.1
19.0
16.3
9.0
19.9
12.8
19.9
6.6
25.2
8.3
21.6
23.5
12.2
5.4
7.6
31.6
14.0
10.1
20.9
16.0
6.8
15.6
8.6
10.8
15.5
15.7
15.8
39.7
18.5
14.3
14.1
11.9
18.8
25.5
24.2
25.7

1.7%
3.3%
3.4%
0.1%
0.0%
0.0%
0.8%
2.1%
2.0%
2.0%
0.7%
5.4%
0.0%
4.4%
0.7%
4.1%
1.6%
1.7%
0.6%
1.2%
3.2%
1.4%
0.9%
3.1%
1.3%
3.1%
1.1%
0.4%
0.9%
1.4%
1.8%
1.2%
1.4%
1.7%
0.8%
0.8%
3.5%
1.2%
1.9%
6.1%
4.5%
6.4%

2014E

2011

21%
31%
25%
9%
17%
60%
3%
-9%
-18%
8%

-1%
0%
12%
11%
21%
-23%
-5%
-2%
15%
-7%

17.8
20.5
24.9
16.8
9.7
20.7
12.1
10.1
11.3
12.2

15.1
17.9
19.6
16.7
13.8
14.7
12.1
8.8
10.1
10.6

16%
-29%
13%
66%
-1%
2%
32%
545%
-5%
-9%
14%
29%
15%
27%
34%
-38%
-86%
-96%
5%
23%
18%
13%
17%
440%
66%
58%
25%
-10%
82%
42%
2%
120%
14%
14%
188%
35%
64%
-3%
-30%
0%

0%
-9%
-24%
54%
-26%
13%
-18%
0%
-45%
2%
29%
37%
16%
6%
14%
-14%
2%
163%
646%
2%
-2%
33%
-9%
6%
-52%
11%
-27%
1%
14%
-54%
23%
-8%
24%
21%
36%
19%
8%
22%
13%
70%
9%

13%
-20%
-19%
113%
15%
6%
-3%
11%
15%
6%
25%
19%
9%
9%
4%
22%
26%
19%
77%
-2%
15%
15%
0%
10%
7%
11%
83%
17%
12%
16%
12%
16%
17%
19%
13%
11%
17%
7%
3%
6%
2%

21.8
9.2
12.6
8.4
16.7
14.2
49.8
25.1
36.0
21.1
64.9
21.9
18.9
13.5
18.5
10.0
15.8
8.3
18.6
23.1
36.5
14.2
22.9
20.7
29.1
33.0
26.5
20.6
12.0
56.7
17.6
79.2
53.2
40.7
57.0
35.2
54.2
17.8
23.8
17.1

64,119
10,531
12,822
5,009
1,731
11,031
4,669
5,029
6,701
6,595

78,785
14,283
16,291
5,049
1,817
15,399
4,652
6,220
7,489
7,585

101,455
21,308
20,337
5,493
2,335
24,363
7,556
5,721
6,170
8,172

100,062
21,359
22,835
6,088
2,822
18,844
7,527
5,834
7,121
7,631

17%
19%
13%
0%
-4%
32%
75%
18%
-6%
23%

23%
36%
27%
1%
5%
40%
0%
24%
12%
15%

29%
49%
25%
9%
28%
58%
62%
-8%
-18%
8%

-1%
0%
12%
11%
21%
-23%
0%
2%
15%
-7%

96,606
2,509
21,608
201
3
3,624
9,595
-167
741
1,516
1,705
5,651
-36
2,456
90
13,227
5,059
4,266
750
3,536
8,469
5,771
6,031
83,155
9,395
21,191
11,608
2,117
3,324
8,477
5,818
21,225
17,518
10,212
670
2,306
3,232
1,545
289
510
4,636
41,529
9,832
31,697

108,405
1,709
24,407
556
-688
3,570
9,792
8,659
975
7,853
1,617
6,044
280
2,805
-33
17,016
6,388
5,440
1,012
2,221
2,199
225
6,358
110,464
10,574
23,929
13,904
9,552
6,555
13,533
7,513
24,904
27,579
15,738
1,052
5,000
3,728
2,718
844
686
7,763
42,311
6,857
35,454

113,061
1,834
18,606
2,958
2,685
2,626
11,053
7,072
976
5,639
1,672
7,511
307
4,277
-3,372
19,409
7,133
6,213
1,312
2,537
3,878
2,239
6,497
110,705
14,204
21,723
14,989
4,488
8,558
10,197
8,860
27,686
9,939
20,372
1,350
6,204
4,535
4,178
1,002
782
9,875
50,157
11,687
38,470

123,692
1,459
15,128
2,137
6,993
3,017
11,760
6,833
1,080
6,201
1,749
9,114
844
5,055
-2,371
21,189
7,775
6,460
1,423
3,542
4,941
2,991
6,375
128,904
15,801
20,667
16,527
4,809
9,527
18,581
10,894
32,098
11,471
22,772
1,568
7,272
5,414
4,735
1,112
913
10,599
51,680
12,422
39,258

-1%
-22%
-14%
-57%
-48%
22%
13%
-52%
-40%
28%
-118%
-41%
37%
76%
7%
124%
129%
7%
46%
53%
-19%
-16%
-3%
68%
-91%
11%
-46%
805%
15%
-13%
-20%
-4%
38%
5%
203%
-61%
-18%
-41%
-17%
1%
-21%

12%
-32%
13%
177%
-2%
2%
32%
418%
-5%
7%
-870%
14%
29%
26%
28%
35%
-37%
-74%
-96%
5%
33%
13%
13%
20%
351%
97%
60%
29%
17%
57%
54%
57%
117%
15%
76%
192%
35%
67%
2%
-30%
12%

4%
7%
-24%
432%
-26%
13%
-18%
0%
-28%
3%
24%
10%
52%
14%
12%
14%
30%
14%
76%
895%
2%
0%
34%
-9%
8%
-53%
31%
-25%
18%
11%
-64%
29%
28%
24%
22%
54%
19%
14%
27%
19%
70%
9%

9%
-20%
-19%
-28%
160%
15%
6%
-3%
11%
10%
5%
21%
175%
18%
9%
9%
4%
8%
40%
27%
34%
-2%
16%
11%
-5%
10%
7%
11%
82%
23%
16%
15%
12%
16%
17%
19%
13%
11%
17%
7%
3%
6%
2%

35,537
7,140
864
2,942
8,032
3,974
9,056
3,528
331,157

40,751
9,038
1,843
3,431
7,294
4,239
10,530
4,376
396,455

52,823
10,607
2,225
3,754
8,017
4,783
18,176
5,260
448,572

59,683
12,234
2,576
4,214
9,103
5,279
20,248
6,030
486,794

26%
31%
284%
0%
60%
11%
15%
17%
-4%

15%
27%
113%
17%
-9%
7%
16%
24%
20%

30%
17%
21%
9%
10%
13%
73%
20%
13%

13%
15%
16%
12%
14%
10%
11%
15%
9%

0.55
0.10
0.12
0.32
1.16
0.65
0.42

0.68
0.21
0.14
0.28
1.04
0.61
0.52

0.75
0.23
0.16
0.25
1.17
0.65
0.62

0.86
0.27
0.17
0.28
1.30
0.72
0.71

20%
34%
62%
0%
60%
-11%
11%
17%
-6%

5%
24%
107%
17%
-12%
-10%
-7%
24%
16%

7%
10%
9%
11%
-11%
13%
6%
20%
7%

13%
15%
16%
12%
12%
11%
12%
15%
9%

24.1
50.1
13.5
11.2
11.3
17.2
22.2
12.5
21.7

22.8
40.5
6.5
9.6
12.9
19.2
23.9
10.1
18.7

21.3
36.7
6.0
8.6
14.4
17.1
22.4
8.5
17.5

18.8
32.0
5.2
7.7
12.8
15.4
20.0
7.4
16.1

2.1
2.9
0.5
0.8
81.1
1.4
2.4
0.5
2.3

2.0
2.4
1.1
0.7
1.3
1.6
3.3
0.9
2.5

9.1
7.1
24.0
8.0
9.1
10.0
11.7
11.1
16.0

1.4%
1.2%
1.7%
2.1%
1.1%
1.8%
1.0%
3.4%
2.2%

278,343

336,044

366,839

397,730

1%

21%

9%

8%

281

322

327

352

-12%

14%

2%

8%

21.1

18.5

18.2

16.9

2.0

2.7

16.0

2.2%

236,814

293,733

316,682

346,049

5%

24%

8%

9%

8%

18%

9%

9%

24.0

20.3

18.6

17.1

2.0

2.6

14.4

1.6%