So just want to double-check my maths here
Transfer 426,000 Amex MR points at a 2:1 ratio = 213,000 Krisflyer points
Then with 15% bonus will result in 213,000 +31950 = 244,950 Krisflyer points
Which then at 5:1 Elite Miles promo is 244950 /5 = 48,990 Elite Miles?