Adjustment – Allianz calculation of PE to be included with PA

We have received good comments for our calculation on Allianz PE to be included with PA issued. As such, the diluted PE should be at 12 times as of the current calculation. I based on diluted EPS and PE calculation, as we valued the stocks should be at 15 times as financial indsutry overview. The price recommended Alliaz price should be adjusted to be around RM 8.50 if based on diluted basis.