Posted by ooihk899 > 1 month ago | Report Abuse

It's only one time write off. If revenue n profit(b4 write down) is up,
then can add lo, next Q will recover.

Posted by donnybelowski > 1 month ago | Report Abuse

Gg. Limit down. QR gonna be negative. Jual

Posted by donnybelowski > 1 month ago | Report Abuse

Like i said before, this company is not making money thru core insurance biz but from their investment in fixed income. Their insurance biz is worthless. Jual.

Posted by donnybelowski > 1 month ago | Report Abuse

https://www.nst.com.my/business/corporate/2024/02/1015200/tune-protect-flags-rm308mil-impact-4q-2023-results-non-redemption

Posted by ybss99 > 1 month ago | Report Abuse

Good, I'm waiting the price coming down

Posted by singkalin > 1 month ago | Report Abuse

Already give a pre warning sign of heart attack.
Better ready with your medication.

Posted by sheldon > 1 month ago | Report Abuse

This co is hardly making profits. Now with 30.8m to be written-off, it's deeper in the grave. So it appears that this government program was poorly executed. It's called lack of diligence.

Posted by singkalin > 1 month ago | Report Abuse

The company run by a bunch of CEO clown.

Posted by yfchong > 1 month ago | Report Abuse

habis liao

Posted by singkalin > 1 month ago | Report Abuse

Now dare not announce report.
Once announce, the sky will collapse.

Posted by yfchong > 1 month ago | Report Abuse

last day for tomorrow no out. sure die die

Posted by Vhydro > 1 month ago | Report Abuse

https://www.youtube.com/watch?v=rH_LsZp_fxU

Tune Protect Group 4Q23 Analyst Briefing
29th Feb 18:30

Posted by soon9913 > 1 month ago | Report Abuse

sell before too late?... expect huge loss Q4-2023

Posted by Vhydro > 1 month ago | Report Abuse

Even without the tenang impairment, the result is disappointed.
The management is non-performing.
Maybe it's time to change CEO.

Posted by bbc99 > 1 month ago | Report Abuse

qr out,the ptv is one off event and as expected is clearly meet our expectation, why run?

Posted by Vhydro > 1 month ago | Report Abuse

Excluded the ptv impairment, profit 3.5m only, that's disappointed.
Remember, Q4 is travel peak season. Airline's passenger carried increased but Tune's profit is stagnant.

I do not think it is a good result

Posted by soon9913 > 1 month ago | Report Abuse

yes it is actually very bad result if Rm3.5mil.. exclude the one time impairment

Posted by donnybelowski > 1 month ago | Report Abuse

Joker company

Posted by Vhydro > 1 month ago | Report Abuse

Whenever there is bad result, the management kept blaming on tenang.
Come on Rohit, dun play pushing game. Leave your role if failed to perform

Posted by silentWolf > 1 month ago | Report Abuse

rohit will leave soon

Posted by sheldon > 1 month ago | Report Abuse

From the press release, there seem to be some modern cutting edge with AI technology being employed by TPG. I hope Rohit can realise good profits from these initiatives.
Please don't hesitate to kick a..ses if need be. Take the bull by the horns!

Posted by Vhydro > 1 month ago | Report Abuse

Artificial Intelligence (“AI”) virtual assistant called “Tracy”
Virtual assistant only, nothing much to wow

Posted by Eric Fong > 1 month ago | Report Abuse

The impairment will it possible to be added again on other quarter in future?

Posted by Vhydro > 1 month ago | Report Abuse

Eric Fong, if only appeal successful

Posted by ambrose123 > 1 month ago | Report Abuse

Insurance industry is no strange to fierce competition in term of price and service quality. Thus, it is difficult for a small capital company to compete with large cap. company.

Posted by ambrose123 > 1 month ago | Report Abuse

Inflation also a threat to insurance industry.....

Posted by boonwei98 > 1 month ago | Report Abuse

Everything starts to go downhill when the auto op in insurance was removed from Air Asia ticketing........

Posted by yfchong > 1 month ago | Report Abuse

lagi price call., habis liao CEO

Posted by DividendGuy67 > 1 month ago | Report Abuse

I'm still waiting for the right entry price for speculative trading purposes.
Rohit won't leave. He's not one to give up with this setback. Chartwise, it's clear that he has turn around the company, halted the massive downtrend caused by previous CEOs.

Posted by ybss99 > 1 month ago | Report Abuse

Waiting for the shares price to go sideways

Posted by ambrose123 > 1 month ago | Report Abuse

According to Malaysia population statistics (demographic), Malaysia is facing aging population, therefore no good for insurance industry....

Posted by yfchong > 1 month ago | Report Abuse

Mana CeO power yeah

Posted by SlowPoke > 1 month ago | Report Abuse

Revenue of Capital A in aviation reached up to 4.5bil- record high figures. But revenue and earnings of tunepro doesn't benefit at all from airasia and it's disappointing .

Posted by bbc99 > 2 weeks ago | Report Abuse

goodbye rohit, who can handle,stay. who cant handle, get lost,.This is the good company

Posted by warchest > 2 weeks ago | Report Abuse

10 May 2024
Name MR ROHIT CHANDRASEKHARAN NAMBIAR
Age 43
Gender Male
Nationality India
Type of change Resignation
Designation Group Chief Executive Officer
Reason Due to personal reasons.

Posted by warchest > 2 weeks ago | Report Abuse

Survival of the fittest. Cannot take the setbacks then resigned

Posted by warchest > 2 weeks ago | Report Abuse

we need someone that are more reasonably paid to get the job done. Currently, all the profits have been used to pay the management team

Posted by donnybelowski > 2 weeks ago | Report Abuse

Haha. Conned jobs.

Posted by donnybelowski > 2 weeks ago | Report Abuse

Company is shit til ceo resigned

Posted by drkervokian > 2 weeks ago | Report Abuse

Collecting at 0.25 upside potential to be sold.

The digital strategy has failed.
Lost hundreds of millions to buy distribution but not substantially breaking even.

New CEO will be hired to do 2 things only

Pivot back to agency. Which needs a ton of cash. Or doubledown on more marketing and digital channel distribution acquisition spend.

Either way, it's a dark black hole.

Posted by sheldon > 2 weeks ago | Report Abuse

Every quarter, the main task of management is to give reasons why it is making losses and keep hoodwinking shareholders of the great potential ahead. The share price trajectory clearly tells that investors are not buying it.

The only jewel in the crown of this hopeless company is the insurance licence.

Posted by SlowPoke > 2 weeks ago | Report Abuse

Digital channel is just part of the journey and not a point to rest on its laurels. Agency is another important channel and not an excuse to take cost-cutting to the extremes for the sake of pleasing itself by shouting aimlessly at its below 100% combined ratio.

Posted by drkervokian > 1 week ago | Report Abuse

On new group CEO.
If it's new from the street - then divestment chances are lower.
If the new CEO is promoted from within, then there's higher chances the protect will be divested from capital A.

Posted by DividendGuy67 > 6 days ago | Report Abuse

I was wrong about Rohit not leaving, but the news of him leaving allowed price to fall and let me get in at a lower price. I'm sure others will have a better entry price. This is a speculative trading position (hence small).

Posted by DividendGuy67 > 6 days ago | Report Abuse

Tune as a Group, is a small company, with Gross Written Premium (GWP) of only RM400 million or so average the past 5 years. You can't get that much profits from such a small GWP, the problem is relatively high fixed expenses compared to allowances and profits that can be priced in the GWP. Shareholders need to have a longer term plan, otherwise, new CEOs that brings with them short term "tricks" may show good result in the first year or two but inevitably sets the company back. Both Ms Khoo and Rohit (ex-CEOs) took short term views but after 5 years combined, has not really changed Tune fundamentally at the business level.

As they say, when there's blood on the streets, odds are better than 50/50 that we'll see a surprise on the upside.

Posted by DividendGuy67 > 6 days ago | Report Abuse

Agree with Sheldon, that in the hands of the "big boys" who can afford to take a longer term view to fundamentally grow the business, that insurance license will come in handy. Problem with Tune is its shareholder who is not willing to wait to do what's necessary to grow its insurance business. If you keep demanding your new CEO to turn a profit in the first year, and not invest in the longer term, you can't grow sustainably in the mid term.

Posted by DividendGuy67 > 6 days ago | Report Abuse

Divestment is probably going to be good news for Tune, as current shareholder is the problem with its unrealistic expectations on its CEO. It needs both proven Management, Board and proven Shareholder to make Tune successful.

Posted by DividendGuy67 > 6 days ago | Report Abuse

@donny, it's the same pattern with past CEOs, Rohit isn't the first. The problem is CEO do what shareholders want them to do. They are creative people to extract short term results as what shareholder wanted, but insurance business doesn't work like that when constantly extracting short term results. Insurance is predicated on a large enough size insurance pool, small pools like 400 million GWP have huge hurdles long term.

Posted by DividendGuy67 > 6 days ago | Report Abuse

@ambrose, Malaysia ageing population is not a factor at all. There are many other older (ageing) countries with successful insurance industry.

Posted by DividendGuy67 > 6 days ago | Report Abuse

@warchest, @bbc, it's not about individual who can handle/cannot handle. CEOs and senior management by nature are resilient people. Typically Rohit and other CEO quit in the past likely due to "differences in views" masquerading as "personal reasons" / "better opportunities". It is unlikely that all these CEOs are wrong and the shareholder is right after so many CEOs. More likely, the shareholder demand is wrong / not suited for this line of business.