Tune Ins Holdings---------------------------2nd june (TIH MK) Technical BUY with +11.2% potential return Last price : RM2.32 Target Price : RM2.47, RM2.58 Support : RM2.25 Stop-loss: RM2.19 BUY with a target price of RM2.58 with stop loss placed below RM2.19. Following numerous attempts to surge past the immediate resistance of RM2.25 (now support) in the past 6 weeks, TIH consolidated in the narrow range of RM2.18-2.25 before last Friday’s breakout changed the overall outlook as the share price closed at a new high of RM2.32. A higher trading volume of 3.6m shares was recorded last Friday (vs 20-day average of 0.89m), suggesting a genuine breakout. Positive readings in both MACD and Stochastic should boost the share price as TIH looks set to resume its uptrend. We peg our medium-term target at the 1.61x Fibonacci extension level of RM2.58.
ien Han, its normal for insurance, atleast for me. like what i said from my blog http://e-thg.blogspot.in/2014/08/tuneins-38cash-and-cash.html, it just like customer borrow you money without asking interest from you. vice versa their paying you fee to keep their money.only way they can ask you pay the liability is through "claimed". 380m cash and cash equal is more then enough to face any real time claimed.
Tuneins accident death claimed is 200k, a330 seat is 337, normal insurance take up rate is not more then 40% 。In worst scenario if full flight clash 337x40%x200k= 27m, with 380m cash(you can consider this cash is reserve for claimed and borrow from customer 1st), tuneins is still able pass the crisis, easily.
*rough calculation, if anythgs wrong please point me out.
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....
johnny cash
6,400 posts
Posted by johnny cash > 2014-06-04 13:41 | Report Abuse
Tune Ins Holdings---------------------------2nd june
(TIH MK)
Technical BUY with +11.2% potential return
Last price : RM2.32
Target Price : RM2.47, RM2.58
Support : RM2.25
Stop-loss: RM2.19
BUY with a target price of RM2.58 with stop
loss placed below RM2.19. Following
numerous attempts to surge past the
immediate resistance of RM2.25 (now support)
in the past 6 weeks, TIH consolidated in the
narrow range of RM2.18-2.25 before last
Friday’s breakout changed the overall outlook
as the share price closed at a new high of
RM2.32. A higher trading volume of 3.6m
shares was recorded last Friday (vs 20-day
average of 0.89m), suggesting a genuine
breakout. Positive readings in both MACD and
Stochastic should boost the share price as TIH
looks set to resume its uptrend. We peg our
medium-term target at the 1.61x Fibonacci
extension level of RM2.58.