Danne-based on PE=25, and 2% ESOS, the EPS will reducing from 9.26 to 9.08 (assuming profit remain unchanged). It means the reasonable value for D&O is RM2.27. But based on the current inflation and recession (assume is happening), the best buying price will be <RM2.00. Although there is 10% share buy back, but it will not happening if price remain high PE.