Nickengk, usually a hammer means a trend reversal signal, the next day should formed a green rebound candle, but in tunepro case, ni rebound signal formed. I guess its going to be rangebound somewhere else 1.15-1.25 until Q3 result out. It just keep dropping till no rebound energy, which is really weird. But the overall business is good, we just need more holding power
That 6% is from premium flex & flatbed value pack. It doesn't include the normal valuepack. U think the normal valuepack would be 6% only? sure more than 6% people buy luggages n lunch during flight. Well I guess only next year we would see the results.
I just state what's mentioned in the CIMB research report. Below is the english version which I directly copy from the CIMB research report.
Product bundling for only 6% of AirAsia’s passengers From May 17 onwards, Tune Protect will start to bundle its products for AirAsia’s customers for the Premium Flex, Premium Flatbed and Value Pack classes. Although this will increase the take-up rate for its products, the impact on its top and bottomline would not be significant because (1) the customers of these three classes only account for about 6% of AirAsia’s total passengers, and (2) premium per policy is low at only RM3-6.
Good...with Tony resigned, hopefully the management expenses can be reduced. Sitting there taking paid is no good for the company. Always saw him having fun around the world in his instagram. TNS
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.
This stock performance is worse than AAX. Drop like no tomorrow. Opt in ruling, profit drop, CIMB downgrade, liberalize auto insurance, tony & kamaruddin resign. All the bad news come one by one. Really shit.
914601117, I didn't own any tunepro share. Tunepro is a good company but currently there's too much uncertainty on it. Have to evaluate the risk before buy in any company...
HoldingKing, my interpretation is that based on the historical data, there's 6% of Airasia's TOTAL passengers that bought any of the 3 packages. The bundling package currently only available in Malaysia and Thailand so most probably it will be lower than the 6%.
Well Thank you for all your views. That was a really kind & great sharing of you all. There is no right or wrong, we shall see the profit in the coming quarters. :)
The share price has reached 1.15 the ultimate support back in January 2016. We shall see if rebounds coming soon. Lowest price in history is 1.1
Regarding on the recent drop in share price, I think there's some hint in the CIMB report. The MAVCOM opt-in rules were announced in July 2016 and since then tunepro result have been impacted. The next qr will be like comparing an injured tunepro (2Q2017) with the tunepro at it's peak (2Q2016). Below paragraph I copied from the report:
Expecting a qoq recovery in 2Q17 net profit The product bundling would help Tune to record a qoq increase in net profit in 2Q17. However, gross premium could still decline yoy in 2Q17, due to the change in the switch to an “opt-in” function in Jul 16. In view of this, we estimate that 2Q17 net profit could potentially decline by around 50% due to weaker insurance premium.
Actually Tunepro case is similar to Karex. Karex business is good, got future prospect, No. 1 in condom industry, Revenue up but the profit drop in this quarter, the price is slump from 2.2x to 1.5x.
Karex was due to increase in rubber price that lowers down their net margin. Tunepro was due to Mavcom, hence Tunepro could only lower their premium to gain more volumes. In the era of global tourism u could see from airport posting increase of tourists every month, main contributal by Airasia, it would definitely somehow have positive impact on tunepro profit in medium to long term
Are you guys seriously think it would drop to 60cents or 90cents? I mean come on, it has to be logical n make sense.
When tunepro was at its worst financial situation, it drops to lowest 1.10. Now tunepro has got the highest annual revenue n net profit since IPO. What are the chances it would drop to 60cents or 90cents.
This company never lose money, no debts, sits on pile of CASH. All this 60cents n 90cents target doesn't make sense.
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davidkkw79
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Posted by davidkkw79 > 2017-07-12 14:02 | Report Abuse
Tony or kamarudin...