TUNE PROTECT GROUP BERHAD

KLSE (MYR): TUNEPRO (5230)

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Last Price

0.36

Today's Change

0.00 (0.00%)

Day's Change

0.355 - 0.36

Trading Volume

659,000


11 people like this.

5,232 comment(s). Last comment by singkalin 10 hours ago

bbc99

409 posts

Posted by bbc99 > 2 months ago | Report Abuse

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

Vhydro

1,555 posts

Posted by Vhydro > 2 months 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

soon9913

2,524 posts

Posted by soon9913 > 2 months ago | Report Abuse

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

Posted by donnybelowski > 2 months ago | Report Abuse

Joker company

Vhydro

1,555 posts

Posted by Vhydro > 2 months 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

silentWolf

115 posts

Posted by silentWolf > 2 months ago | Report Abuse

rohit will leave soon

sheldon

1,388 posts

Posted by sheldon > 2 months 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!

Vhydro

1,555 posts

Posted by Vhydro > 2 months ago | Report Abuse

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

Eric Fong

1,187 posts

Posted by Eric Fong > 2 months ago | Report Abuse

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

Vhydro

1,555 posts

Posted by Vhydro > 2 months ago | Report Abuse

Eric Fong, if only appeal successful

Posted by ambrose123 > 2 months 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 > 2 months ago | Report Abuse

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

boonwei98

87 posts

Posted by boonwei98 > 2 months ago | Report Abuse

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

yfchong

5,748 posts

Posted by yfchong > 2 months ago | Report Abuse

lagi price call., habis liao CEO

Posted by DividendGuy67 > 2 months 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.

ybss99

61 posts

Posted by ybss99 > 2 months ago | Report Abuse

Waiting for the shares price to go sideways

Posted by ambrose123 > 2 months ago | Report Abuse

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

yfchong

5,748 posts

Posted by yfchong > 2 months ago | Report Abuse

Mana CeO power yeah

Posted by SlowPoke > 2 months 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 .

bbc99

409 posts

Posted by bbc99 > 1 month ago | Report Abuse

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

warchest

1,744 posts

Posted by warchest > 1 month 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.

warchest

1,744 posts

Posted by warchest > 1 month ago | Report Abuse

Survival of the fittest. Cannot take the setbacks then resigned

warchest

1,744 posts

Posted by warchest > 1 month 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 > 1 month ago | Report Abuse

Haha. Conned jobs.

Posted by donnybelowski > 1 month ago | Report Abuse

Company is shit til ceo resigned

Posted by drkervokian > 1 month 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.

sheldon

1,388 posts

Posted by sheldon > 1 month 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 > 1 month 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 month 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 > 1 month 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 > 1 month 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 > 1 month 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 > 1 month 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 > 1 month 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 > 1 month 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 > 1 month 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.

Posted by drkervokian > 1 month ago | Report Abuse

Tunepro before the current trade and industry minister was ceO had a super low cost base. Server room was practically a bunch of PCs and everything was auto-opt-in. Making money like mad. Then listing came; and empire building era under the lady ceo. That’s when the cost base went nuts. For such a tiny outfit; the ceo needed a head of strategy and head of distribution to manage the other channel heads. That’s just recipe for disaster.
Aside from that rohit’s hiring was a huge bet for digital distribution.
Digital distribution can be just as expensive as agency given spend on digital partnership; non digital partner distribution, search keyword, ; social media personality (Tunepro didn’t even invest there) etc.

Except you lower the risk of dodgy agency behaviour scamming the company of commissions

Changing topic a bi. That’s why I sense BNM’s noble idea of targeting B40 with digital insurer license will fail.
Only sufficiently large incumbent insurer can take the losses; or at least can leveraging marketing spend for 2 purpose.

Posted by drkervokian > 1 month ago | Report Abuse

The tenang vouchers. As outside person looking in; also likely due to pressure to meet kpi. I’m guessing there’s incentives that led to agency like behaviour from the team.

Being in corporate for 3 decades now. The lesson learned is, if there’s a incentive based KPI, there’s bound to be a scammer that can bring down the company due to greed.

rnamb27

1 posts

Posted by rnamb27 > 3 weeks ago | Report Abuse

@drkervokian - Rohit is leaving on very good terms with both Air Asia and the BOD. The post wasnt meant at Tune or him. Read a few posts before and you will know clearly which portfolio he refers to. Easy to malign people as keyboard warriors

singkalin

463 posts

Posted by singkalin > 3 weeks ago | Report Abuse

Celaka payment 1.2 million for Director.
Payment so high yet company loosing money.
Shouldn't get pay if company no profit.
Tenang program also can lose money.

1288Go

104 posts

Posted by 1288Go > 3 weeks ago | Report Abuse

Hi everyone and DividendGuy67,
Tune still not off the ground.
How come Lpi doing so well but Tune struggling. Tune has broadened to other insurance areas BUT after a few years still struggling...
So what's the difference between LPI ( share price $12 and dividend of 66c for FY)..
Hmmmm.
I got out of Tune about more than a year ago with small profit.
Won't get in to this struggling
stock...

Posted by ambrose123 > 3 weeks ago | Report Abuse

Due to inflation the value of money depreciate year by year. If anyone invest in Tune Protect for more than 5 years without any profit should pull out from this stock, and Look for a great company (opportunity) to invest. Time is $$$$.

1288Go

104 posts

Posted by 1288Go > 2 weeks ago | Report Abuse

You are correct ambrose123..👍...
I am newbie..
Can you tell me where and which stocks you are investing now?
Thank you.

Posted by Babyking > 2 weeks ago | Report Abuse

something is brewing.. looking at the recent volumes

singkalin

463 posts

Posted by singkalin > 1 week ago | Report Abuse

Since the highly paid CEO is out, hopefully Tune will start to profit.

yfchong

5,748 posts

Posted by yfchong > 1 week ago | Report Abuse

yes yah CEO CEO

1288Go

104 posts

Posted by 1288Go > 5 days ago | Report Abuse

Was previous CEO highly paid. Co's need to pay for good calibre management..
Tune, dunno whether can get in now ?

Vhydro

1,555 posts

Posted by Vhydro > 1 day ago | Report Abuse

https://www.youtube.com/watch?v=LmXM5M9iBTY

Tune Protect Group 1Q24 Analyst Briefing on this Friday

singkalin

463 posts

Posted by singkalin > 10 hours ago | Report Abuse

When to turn profit ???

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