recent selling pressure could be due to middle east tension between Saudi-Iran, which could affect traveling with Air Arabia (UAE based), poor performance of general insurance arm in Thailand, & anticipated prolong MYR depression that could affect further travelling business for AirAsia n thus travel insurance which still contribute significantly to the group.
However, I believe those are temporary, long term of the business should be great! it's known fact general insurance is very good business model, with no significant inventory, credit term (receivable) problem to manage. Re-insurance to spread out the risk. Marketing is one of the challenge in this business, but it's well in a position to leverage on Air Asia marketing/Network & IT system, will save some cost here n there I guess.. the only worries is the new young CEO at age 43.. not sure if he is good enough.. anyway.. I am accumulating lots of TUNEPRO shares from MYR 1.30 down...
Don't know, no sign of rebound yet. Just be careful for those who intend to bottom fishing. This type---> every drop seems not much, only 1 or 2 cents but consistently, is very difficult to catch the rebound. Better stay aside first.
What a great opportunity to buy more! As Warren Buffet used to say.. when we are young n net buyer of stocks for the long term, we should be happy during a falling market, not the other way. Only during a falling market, that we can make big money! According to my amateur valuation, it's below intrinsic value now.. I could be wrong with TUNE, but it's worth the risk... No one can predict the bottom.. it's dollar averaging that could catch the minimum price possible..
Ok ok, it is your money, of course you can buy whatever you want. But as for me, I won't buy it now, trade with the trend not against the trend is my motto. I won't buy a downtrend share
It seems lots of technical guys here.. understand we are from different school.. I am pure long term fundamental.. I know little about charting.. but I believe with experience and discipline, charting is a great tool to make money in the short term .. I respect!
As the loading of AirAsia group overall increased + promotion of tourism and visa waive will see better visibility of Tune Ins. Take opportunity to accumulate some between RM1.16~RM1.17
Tune Protect Group Berhad (‘the Group’; TUNEPRO, 5230) today announced its earnings for the fourth quarter (Q4) and fiscal year ended 31 December 2015 (FY15). Q4 recorded the strongest result for the year, posting Profit After Tax (PAT) of RM25.2 million, driven mainly by higher profits from the Global Travel Business and Tune Insurance Malaysia Berhad (TIMB). For the full year, the Group closed its books with an increase of 6.5% in Operating Revenue (OR) driven mainly by the general insurance business. The Group attributed its higher earned premium to the expansion of its franchise dealership in the motor class of business, stronger demands in Malaysia for travel and growth in fire class of business. Gross Written Premium (GWP) grew by 8.9% while Net Earned Premium (NEP) rose by 13.8% to RM303.8mil.
Maintain Add Tune remains an Add given the potential re-rating catalysts of (1) the growth potential for its travel insurance business in the region, (2) positive prospects for its non-life insurance unit in Thailand in the longer term, and (3) possibly more tie-ups with other airlines. The stronger-than-expected FY15 earnings entice us to raise our projected FY16-17 EPS by 4.5%, due to a 1% pt cut in our assumed gross claims ratio. This lifts our DDM-based target price from RM2.20 to RM2.29.
KUALA LUMPUR (Feb 25): AllianceDBS Research said renewed buying interest had emerged in Tune Protect Group Bhd (TunePro) and that TunePro had on Feb 24 crossed over the RM1.22 hurdle to reach a high of RM1.26 before settling at RM1.23 (up 4 sen or 3.36%). In its evening edition yesterday, the research house said the crossover of the RM1.22 hurdle would likely see TunePro trading upward with the next upside target pegged between RM1.35 and RM1.38. It said risk taking traders could establish a buying position at RM1.21 on a small pullback. “Once a buying position is established, a stop loss at RM1.19 level must be placed for risk capital protection, and this RM1.19 is to be followed by a trailing stop loss strategy. “If you are prepared to take a trading loss risk of RM20 (excluding brokerage) for RM140 – RM170 potential profit, you may acquire 1,000 shares with a capital amount of RM1,210 assuming buying order is filled at RM1.21,” it said.
KUALA LUMPUR (Feb 26): AllianceDBS Research said Tune Protect Group Bhd (TunePro) was under profit taking pressure and that TunePro had on Feb 25 tested previous day’s high of RM1.26 before closing near the day’s low at RM1.21 (down 2 sen or 1.62%). In its evening edition yesterday, the research house said TunePro continued to trade above the 20-day and 50-day moving average lines. “Following the down close on Feb 25, the stock is likely to move lower with immediate support seen at RM1.20. “A fall below RM1.20 would put pressure on the stock down to the subsequent support zone, RM1.15 – RM1.17. “The hurdle is pegged at RM1.26. A crossover of RM1.26 should see further price rise to the next overhead resistance zone, RM1.35 – RM1.38,” it said. AllianceDBS Research said stock volume traded on Feb 25 was 5.01 million shares compared to the 3-month average volume of 930,000 shares. The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact. It said the relative strength index indicated that the stock was currently in a neutral zone.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
firehawk
4,783 posts
Posted by firehawk > 2016-01-11 14:39 | Report Abuse
cannot again .....