I passed by the Tune Protect offices and couldn't help myself but noticing that there were hardly customers most of the time. Yesterday at kota baru branch, the staff was reading newspaper. NOt a sign of high growth company imho.
Improvement in performance is expected later :) It has already tied-up with AirAsia to bundle its travel insurance with the latter's fair packages under Value Pack, Premium Flex and Premium Flatbed in 2QFY17. On 1 June 2017, the group launched the bundling of its travel insurance with AirAsia's Premium Flex and Premium Flatbed packages. It plans to bundle its air travel insurance with AirAsia's Value Pack by the end of June 2017. Presently, the product bundling is only available for Malaysia and Thailand, the first and 2nd largest market respectively for travel insurance. By July and August 2017, this will be extended to all markets. •The group will extend its dynamic pricing to more markets by 3QFY17. This will be increased from the present 5 markets comprising Malaysia, Singapore, Thailand, Indonesia and Vietnam. As for now, the dynamic pricing involved lowering the premium for some routes with the objective of increasing the volume of travel insurance purchase. Moving ahead, it will take into account more variables based on customers' profile.
Yole Bek, I think not possible to go down RM1, cos when Tunepro was at its worst only touch 1.1 if im not mistaken. Now the revenue n net profit is the highest since its IPO. I would say the chance is slow. 1.20 should be the ultimate support.
tune could be absorbed by foreign owned insurance co. Then reissue shares to tune shareholders. Easier to comply with bnm for foreigned owned insurance players in malaysia :)
Plans for Tune Care (new healthcare under Tune Group) to be announced this weekend, good news for tuneprotect with Tune Care as their panel healthcare provider
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....
Yong Chun Wah
625 posts
Posted by Yong Chun Wah > 2017-06-22 14:36 | Report Abuse
tune could be sold to aeon credit , a cash rich co。:)
https://www.nst.com.my/node/251045