Highlights

Timeless investment advice

Author: warchest   |   Latest post: Sun, 23 Aug 2020, 6:23 AM

 

Tune Protect Group: Key takeaways during AGM on 4 August 2020

Author:   |    Publish date:


I applaud the management for taking a lot of initiatives of Tune to answer the shareholders’ queries on the low investment income, high combined ratio and management expenses, departure of the CEO, dividend policy and to lay out on the slides on the recovery plans and management’s response on the pandemic. The key takeaways are as follows:-

  1. The Company has shortlisted a new candidate for the CEO post to replace Khoo Ai Ling (departed on end of July 20), but awaiting the approval of Bank Negara Malaysia.

 

  1. Maintain dividend pay-out ratio of 40% and in the event the performance of the Company significantly improves, they may consider issuing special dividend. 

 

  1. Gradual resumption of domestic travel for Thailand, Malaysia and Indonesia, with expectations of international borders opening up in stages in the 2H of 2020.

 

  1. Governments, airlines and airports making health and travel insurance mandatory.

 

  1. Going forward, the Company will focus on the “new norm” products as follows:-

 

  • Covid products / Products bundling
  • Enhanced Pay-As-You-Drive (“PAYD”) to cater to those with reduced commute due to work-from-home arrangements
  • Airlines / Airports travel products coverage (to tap into the new group policy arrangement with airlines/airports for travellers)
  • Takaful – Askrida Indonesia
  • Launched Instant Claim Notification with Baoviet

 

  1. Catalysts driving management expenses improvements

 

  • Reduced employee costs – Freeze hiring and replacement except for critical roles
  • Reprioritise marketing spend – from brand generic marketing to campaign-specific targeted marketing
  • Reduce office rental, 3rd party professional fees and other office expenses

 

  1. Affinity and Digital partnership as well as enhancement

 

  • E-commerce – airasia.com
  • E-Wallet – E-Wallet provider (Vietnam)
  • Loyalty management – Big loyalty
  • Community app – Eco World
  • Logistics – Teleport
  • Enhance agility through Open API
  • Direct channel – new mobile app (buy and claims functions)

 

 

 

Share this
Labels: TUNEPRO

Related Stocks

Chart Stock Name Last Change Volume 
TUNEPRO 0.35 -0.005 (1.41%) 1,031,900 

  iloveamsterdam likes this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 
 

782  345  529  807 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AT 0.20+0.03 
 VIVOCOM 0.805-0.05 
 IRIS 0.355+0.055 
 KANGER 0.180.00 
 EAH 0.035+0.005 
 XDL 0.070.00 
 ASIABIO-OR 0.01-0.025 
 KNM 0.205-0.005 
 KSTAR 0.305-0.03 
 AT-WC 0.20+0.045 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. Jaks Resources - Jaks Hai Duong Power Plant Achieved Commercial Operation Date (COD) !!! DK
2. Should we buy Top Glove since it has been plunging due its 28 factories shut down? Koon Yew Yin Koon Yew Yin's Blog
3. Kelington Group Berhad ("KGB") - Above Expectations (TP: RM2.30; +35% upside) by Kenanga Research Investment Ideas - Value and Growth
4. TOP GLOVE LOCKDOWN AND SUPERMAX SHARE PRICE The way I see it
5. 【Growth成长股】AWC Berhad (7579) – Benefit from Strong Order Book Amounted Close to RM1Bil Sanitize and Disinfection Healthcare Stocks
6. Top Glove’s 28 factories shut down should benefit other glove makers - Koon Yew Yin Koon Yew Yin's Blog
7. VIVOCOM: End of Day Report (26 Nov 2020) See Jovin
8. O&G sector making a comeback: SERBA DINAMIK BERHAD the Winner! (TP: RM2.70 by KENANGA) KV Blog
PARTNERS & BROKERS