drkervokian

drkervokian | Joined since 2013-09-09

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Stock

2 weeks ago | Report Abuse

Despite q4 losses. The company also issues decision to buyback up to 10% paid up capital.

This shows how inward topglov has become in the leadership as they age.

Instead of spending the billions on growth, acquisition or even spending on Technology and analytics to lower cost per unit and energy, instead of spending on r&d for more higher margin high grade medical products they spent the billions on share buy back.

Verdict - sell.

Other recommendations.

Fire the board of directors for poor stewardship to agreeing to buy backs

The warchest during COVID was there to specifically fatten and broaden the wall against competition.

Not their wallets.

Now good look topglov shareholders including the family. Hangus paper money

The CEO and CFO should both resign.

https://www.theedgemarkets.com/article/top-glove-sits-rm860-mil-paper-loss-massive-share-buyback

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4 weeks ago | Report Abuse

Hard to turn to black unless they cut cost further. CEO very adamant on digital partnership distribution.

The margins on that channel are razor thin. So the only way to be green is super low cost base like the days of tune insurance pre-IPO.

One small office and fire half of EXCO

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1 month ago | Report Abuse

The family seemed to have given up defending the shares. They've used up probably 30-50% of dividends gained last year.


One mistake they didn't do was using the profits to invest enough on either stopping or acquiring competitors and reinforcing supply chain. Make it hard on upstarts

Secondly on more high end rubber based products and markets that need them .

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2021-12-14 21:49 | Report Abuse

Just reprice it back to pre-pandemic performance and expect as such. senang

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2020-11-16 15:48 | Report Abuse

wow.Superbull88 is psychic!

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2020-10-14 15:18 | Report Abuse

Excellent that they hired a new guy. previous management crap and bloated the company with so many layers as if it's a big old silo company.

Time to cut cut cut on useless dead-weight, attack the cost ratio and to scale expand digitally!

i have a lot of faith in leaders from Indian sub-continent.

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2020-07-02 09:21 | Report Abuse

what's interesting is KWSP and KWAP is buying PADINI shares. And since they're buying the shares will likely continue to go down further.

It's the same with BURSA, KWSP was selling loads of BURSA shares when it went all the way to RM8++

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2020-05-29 15:17 | Report Abuse

my question is who's bbuying up UEM since EPFexited

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2020-05-28 16:19 | Report Abuse

Share buy back is just a silly trick to bump up share price and lower the total dividend payout (if it ever announce one)

TunePro just need to focus on whittling down the middle management and all will be fine. Am still waiting for them to chop some of the distribution channel heads and the strategy head.

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2020-05-27 16:05 | Report Abuse

best move ever to consolidate the CFO office!

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2020-03-09 13:22 | Report Abuse

thanks @Victor Yong for the positive news. Unfortunately bottom line is the expense ratios are still too high. As a 60% revenue topline from AirAsia, the cost of operations should not be that high.

Lower the cost and the net profit will be even better. see my post above on who to fire and how to consolidate operations

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2020-02-18 14:55 | Report Abuse

@general t; you paid attention, that's good :)

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2020-02-16 23:36 | Report Abuse

Another example of having no strategy is making no effort for marketing scanning.

PErsonal Accident insurance actually excludes "motorcyclists".
Immediately it becomes the most useless PA insurance ever.

At least Takaful Malaysia smart enough to say exclude only "dispatch riders".

Allianz even better, specific insurance for Motorcyclists. Cause they have smart people to know that motorcyclists are higher risk, so therefore premiums and cover needs to commensurate the risk.

So seriously. A CEO who makes 2 mil a year. a HEad of strategy who don't seem to do any market scan before introducing new products.

Why is Tan Sri Fernandez keeping all these dead weights!? Is he blind, deaf or no one is telling him the truth?

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2020-02-16 23:26 | Report Abuse

Worse than no strategy; you have a product called "Sports+" with a marketing blurb "Get Sports+ extreme sports protection" but all of the below is excluded.

a) Professional Sports Persons
b) All forms of martial arts such as boxing, wrestling, karate.
c) Aerobatics flying, sky surfing, wing suit flying.
d) Base jumping.
e) Cliff jumping, cliff diving and/or coasteering.
f) Expedition to generally inaccessible and remote areas of a country or areas previously unexplored.
g) American football, all forms of rugby, aussie rules and the likes.
h) Heli-skiing
i) Rock or snow or ice or alpine climbing performed solo, freestyle or climb without ropes and all forms of
solo climbs.
j) Sailing and/or yachting offshore.

What else is then extreme sports? Weekend badminton with uncles ka?

I tell you guys, Fire the head of products, must be totally out of touch with common sense.
And for all you know reporting to dead weight head of strategy.

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2020-02-14 21:26 | Report Abuse

If you makan gaji anda still Don't know how to staunch a combined ration above 1, you're seriously not worth to be employed la.

Give me half the CEO gaji and I can sort it out in 9 months.

VSS the useless head of departments and double the salary of working levels that actually do the job !

There's seriously NO strategy to staunch the bleed and grow their pie.

All ratios point to one thing - siloes in management

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2020-02-13 01:06 | Report Abuse

Fire the Head of Strategy role. Seriously useless for a small company like Tune.
The CEO is either a Strategist or not worth paying RM 2 mil a year .

TuneProtect needs to dig deep and realize that it needs to operate like a startup again.

A management ratio of almost 50% is just embarrassing for 9M 2019

And finally just merge the CIO and COO into 1 person. Cut down cost.

As everything needs to run on IT anyways; and besides, both these characters probably sitting around avoiding accountability of making decisions and driving business forward.

Why am I Pretty sure.

Cause else the management expense will NOT be that high!
and under them is probably an army of "assistants" that attends meetings with them.
And for all you know IT and Operations not working with each other and blaming each other on a daily basis.

So if they can't work together, jusst get rid of them and put in 1 person.

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2020-02-13 00:59 | Report Abuse

Distribution org structure is so inefficient.There's a Group Head, POS Head, Broking Head and a Chief Agency Officer... OMG.

How can there be so many wankers for such a small Gross Written Premium pie.

Just merge Broking with Group as 1 bos. cut down the salary.
MAke sure Agency and Broking fellas share their leads and get rid of channel base rivalry.
IF they're silo makers - fire their ass.

Back in 2012 the Management expense ratio was just a quarter of what it is today.

Seriously... too many dead weights!

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2020-02-13 00:46 | Report Abuse

Management Expense as a % of Gross Written Premium is higher than other insurers.
Somebody is sitting high in their chairs without doing much work. Why?

No noticeable advertisement presence.
Not even an link into MyEG for donkey years.

All of that doesn't make sense for a supposedly digital company with priority sales leads from AirAsia where sales is made with mouse clicks.

Seriously.

1) Fire the distribution head - Gross Written Premiums keep shrinking. Boost it up
2) Fire the Operations head, CIO and CFO - Please push down Management expense to <30% of GWP it's now 40+% .
3) combined ratio is too close for comfort at 97%. Push it down to 95%

For a digital company with high expense ratios it's basically 2 things
-> SOmebody is making money from the IT vendors
-> Too many expensive dead weights in operations, marketing and legal

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2019-11-15 18:04 | Report Abuse

at this rate tunepro may go through a backdoor acquisiton by another insurer that wants to get listing status

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2019-11-15 17:56 | Report Abuse

Feels like Tony just scammed everyone but entering the board earlier this year and then resigning again.

Agree with @jeffreyteck. If they really wanna go digital they need proper execution IT people.
All this lame appointments of one personality after another.

there's only one personality in AirAsia group. that's Tony.

Everyone else should be executioners

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2019-10-21 14:54 | Report Abuse

@crazyhours price will keep dropping and stabilize once the family members pick up. it's heavy dilution for minority shareholders. wait for 2020 Q2 for real profitable numbers to come in due to lowering of non-malaysian limit of rm600k

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2019-05-14 10:28 | Report Abuse

not bad fortress minerals from 0.20 cents to 0.26 cents

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2019-01-04 15:40 | Report Abuse

IBHD is a family business la, will always be.

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2018-12-05 12:02 | Report Abuse

Nice. Someone dropped enough share to hit 30 cents

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2018-10-31 16:10 | Report Abuse

@Val-Elta , investor confidence is shot with Huayang. The only way it'll return if there's internal share buy back followed by dividend announcement.

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2018-09-24 10:22 | Report Abuse

they've stopped buying @Lyc98. i sold everything once i noticed theyve stopped.
I doubt that level of excite in buy backs will continue again that quickly.

But if they do, then that;s the time to follow. otherwise i'll just stay out of YTL for now.

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2018-08-23 10:36 | Report Abuse

now i wonder whether they silenced the SBB notifications. cause i saw a few big 1mil to 2mil shares being bought on Tuesday, but no announcement today

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2018-07-27 10:46 | Report Abuse

Almost immediately all the large institutional transactions stopped. now only retailers nibbling around. with small trades

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2018-07-24 14:46 | Report Abuse

Of all ppl only Kenanga is analysing this stock

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2018-07-23 09:30 | Report Abuse

Agree with risktransformer. Will do the same if I own YTL lol. BUT. If they did sell in open market it'll appear in SBB announcement. Which they havent done yet.

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2018-07-23 09:28 | Report Abuse

Yeah. YTL decided to buy in again seeing correcting on Friday.

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2018-07-20 11:45 | Report Abuse

Tunepro sitting on a gold mine. Theyve just not been spending enough money on development to hook everything up.

CEO needs to be changed to an actual technologist.

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2018-07-20 09:14 | Report Abuse

@money, treasury hit a milestone. >300mil shares.
they stopped buying in 18th and 19th (maybe wait a bit to confirm coz news feed can be slow)... if YTL still buys all good

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2018-07-18 14:32 | Report Abuse

Start to sell when the share buy back stops...

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2018-07-11 15:51 | Report Abuse

yes, buy back pretty aggressive. at this rate, the YTL treasury and family will hit 60%+/- ownership in a couple of months. they have RM 1B in immediate cash. now roughly 100mil. already?

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2018-06-12 09:09 | Report Abuse

YTL family losing steam...

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2018-06-06 09:40 | Report Abuse

YTL family kept buying since end march till 4th June... So interesting to see who else is accumulating

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2018-05-30 17:03 | Report Abuse

drkervokian No. the topline dropped from RM127mil to RM47mil.
Basically not that many new projects. And being very careful given softer and overcrowded market.

I checked out Aesthetica yesterday. 500+ units. Average 550-600per/sq feet at average 1000 sqfeet per unit. Staggered releases with only Block A for now and also to ensure unpopular floors are sold first before releasing higher floors and upper floors.

Roughly within expectations from the growth.
Based on trajectory the revenue numbers will be pretty soft this year.

So roughly GDV of RM300mil for Aesthetica. And since only block A this year. Only Rm100-125mil potential upside for this project for 2017 given that we only have 9 months to go for their financial year. Assuming Meritus residensi also another 100-125mil. we'll probably end the year with top line of only ~RM200-250mil (increase it abit) by the end of financial year. at probably 15-18% operating margin or about 30mil.

----
Posted this back in July last year... Top line roughly right. But operating margin way below 15 to 18%. At only ~5%, wonder what they're spending it on.

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2018-05-23 09:24 | Report Abuse

EPF has been disposing. Either making their books look good for LGE or they already know something

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2018-05-22 21:39 | Report Abuse

interesting appointment. ex TIA (what was previously 1MDB) director. and also Puncak Niaga.
Potentially some land divestiture/acquisition in progress

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2018-03-01 13:38 | Report Abuse

Tunepro used to run on an exceedingly low cost base out of a dingy office at Lebuh Ampang. Now at Shell tower. And for a digital company hasn't been able to come up with simple means to integrate and expand insurance sales coverage despite having the license.

Just go and check their senior management linkedin profile. all they share are self glorifying visits to Microsoft and Google offices and konnonnya to learn about new innovation. But sounds like sleeping while working and going for holidays cause there's still no tangible outputs.

Tried buying insurance online from their site and it crashed. pitiful execution issue.

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2017-11-21 12:00 | Report Abuse

FYI, Nta and earnings per share down because of rights issuance earlier in the year.

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2017-11-20 21:17 | Report Abuse

Good results. nice. topline still growing quarter on quarter

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2017-10-23 14:44 | Report Abuse

Good job ibhd

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2017-09-28 23:22 | Report Abuse

YTL are institutional play. so that means -> be friendly with folk in EPF, khazanah for directional swings. posturing wise, govenment has been slowly moving away of this company due to political pressure.

Question is whether YTL is truly a global conglomerate and can make up the short fall from global deals

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2017-08-22 18:05 | Report Abuse

It's only Tuesday. Good momentum and volume to lead into Thurs before profit taking kicks in.

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2017-08-22 09:31 | Report Abuse

It should have risen yesterday. So odd with the delay. Investment houses getting lazy.

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2017-08-15 10:18 | Report Abuse

NOT saying there will be a rights issuance.

Just mentioning that have seen manouvres which will pocket major shareholder proxies handsomely.

And yes. Timing is less than practical given stock price is so low.

BUT...

Their cash position is low. And CEO is overpaid. And with overpaid folks they tend to get 'ideas' like I need more money to BUY/takeover something to grow my business from investment bankers and consultants...

AI lIn's background is from channels relationship. The CMO stint is kinda short with Prudential. And IMHO don't see anything news. Like zero impact.

So to some degree probably says not much operations background. So can't fixed inherent problems in marketing and ops. So a strong warchest could be used to acquire parties that she has worked with while managing the channels or setup some form of incentive schemes to direct otherwise open-ended channels to sell more Tune.

And if you understand insurance you'd know that to increase top line you need the channels.

And with a degree in banking and finance she would have peers in high places whispering...that while stocks may be decimated; Once the numbers come in they will recover. Plus the acquisition will burn a good 2 years into CEO stint.
Looks good in resume

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2017-08-14 16:29 | Report Abuse

Sorry. Didn't get to the conclusion
A) cut CEO salary. The business is too easy and the entity is spoonfed by AirAsia.
B) fire all those people they call digital officers. Waste money fly here and there see Google and Amazon but still can't transform an essentially online business but just drive cost base up.
C) may need to replace the chief investment officer.
D) move out of the fancy office near KL sentral and go back to good old startup days.

Then cost base will be better and net profit will be better.

From valuation standpoint although NTA is approx 70 cents But given EPS is approx 6 to 7 cents so the market in general tends to follow EPS. Especially at stock price of Rm1.
So I think the price is very attractive.
---
Were from the outside so can't tell what's happening in the inside.

Am not saying they are but have seen incidents where folks are selling cause potentially there's gonna be a right issuance coming to increase the low cash base.

Then pickup once stabilized. So try to look at the volume in your indicators after rights. Especially when it's relatively high.

If that's the case that's when dividend will be announced and price will go up. Easy money for major shareholders.