We recommend a buy below RM 8.00 now. As its continuous splendid results plus a strong NTAV at RM 11.390. The current quarter EPS pushes its PE as low as 5-6 times. With its branding, market segment and growth potential. We should see Allianz excel at RM 15.00 in 12 months time. We recommend buy on any weakness.
Allianz – a continuous stunning growth, we revalued to min RM 15.00
3 thoughts on “Allianz – a continuous stunning growth, we revalued to min RM 15.00”
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J&J Investment Co. 
Hi, did you know when calculated allianz’s PE, it need to include the shares of allianz-PA as well ? If included allianz-PA, actually Allianz PE should be double up to 10 above……Just a kind remind you.
Hi David, thank you for your reminder. I will check with my brokers analyst before making adjustment. Cheers.
Hi David,
Our calculation on EPS is correct if base on the non diluted share that exclude PA. But it is correct that our PE calculation should include the PA to be much accurate. We will adjust it accordingly. Thank you.
Our response from analyst:-
According to our analyst, EPS can be calculated, with or without taking into account the number of preference shares.
If it takes into account the PA, then it is the diluted EPS. We need to look at the Notes to the Accounts to determine if it is the diluted EPS or not.
Different analysts can have different basis of calculating EPS.
From Press statement:-
The rights shares will also increase the capital base of the group’s subsidiaries, Allianz General Insurance Co (M) Bhd and Allianz Life Insurance Malaysia Bhd.
This will enable the two firms to meet the capital requirement under the risk-based capital framework for insurers issued by Bank Negara.
“The issuance of new ICPS will minimise the immediate dilution of the earnings per share of the company, which would otherwise arise from a direct issuance of shares,’’ it said.