Need a bit of patience with Tunepro; highest ever top line figures are a good sign but it will take some time for profits to roll in. The CEO, Rohit bought Tunepro last week at around 39sen; that's a good sign too.
Jubin Mehta, CEO of Tune Insurance Malaysia has just recently bought 75,000 of tunepro shares. This is certainly a positive development for tunepro group; something good must be brewing. The share price hit 39sen this evening.
Tunepro is moving up steadily in the past week to a closing price of 37sen. The near-future trajectory will depend very on the coming 4Q results in Feb. A set of turn-around financial performance will certainly support the uptrend. On the other hand, if tunepro continues to bleed, the rally could just fizzle out. Hope for the best!
If the Hibiscus' earnign can be consistently maintained at 25-30sen per share for the next 1 to 2 years, and it pays regular dividends of say around 6 - 8sen annually, I think the share price should easily exceed RM2
Recently, Tunepro unveiled an ambitious digital platform with online links to 60+ insurance partners in many countries. The management is very excited and optimistic about the new development. Hopefully, the investors can see some tangible results in the coming quarters!
Looks like nothing very much is forth coming. They play up the share price to set exercise price for the ESOS @ 32.5 sen. Investors will have to depend on real good performance of Tunepro to get some benefits
It is true the mainstay of Tunepro is travel insurance; its motor insurance is too small and not profitable. However, when the passenger volume is sufficiently high, which will take next two years to build, the profit will be big enough to sustain the share price; tunepro has only 750 mil shares. Holding tunepro will be quite a long-term investment and hence needs a fair bit of patience
People are unsure how Hibiscus will perform in the longer term. I believe the share price will be much higher than that of the present once Hibiscus has proven itself in the next few quarters. Secondly, the management must raise the dividend payout rate to convince the investors of its sincerity in sharing the profit.
Tunepro's business model is highly digitalised and linked to many partners digitally. It is extremely scalable without much cost. If the travel industry takes off in full steam, we probably will see tunepro flying as well, but again will take time.
Not to worry too much about the lower price of tunepro shares. It has a general insurance licence which is fairly valuable; and it has no debts. Most of the losses are the result of bond depreciation due to high interest rate. When interest rate begins to drop, bond prices will rise and you will see profit write backs.
When the stock market moves into the low ebb, privatization becomes a popular tool for the controlling shareholder to buy up all the remaining shares at a very cheap price. Warisan is potentially a good stock for such corporate move-- NTA of RM5 per share but market price is only RM1.70.