this grouper no need to drink 7-UP. Even the shark also scared of him and have to give respect to him Very Kan Cheong this grouper. No patience one. Anything he will sapu using his BIG Blady MOUTH.
What's impressed me is as following despite the aggressive growth are, present attractive priCE, KWP keeps acquired the shares, good management team & manage to walk over the plane crash crises...
Refer to 23rd Jan, Cimb report :The claims from the AirAsia Indonesia QZ8501 tragedy will be fully covered by an external reinsurer, according to Tune Ins Holdings Bhd. In an e-mail reply to questions on its exposure to the crash, the company said its exposure would be fully covered by excess of loss policy taken with an external reinsurer. (Star) So, the amount is not significant.
The listing of Tune Thailand already confirmed sometimes in first half of 2016. The immediate pending news is the acquisition of Indonesia subsidiary, according to the source(from The Star Mar 14, 2015), the due diligence already completed and the news is going to release anytime from now. The new subsidiary will be operating before first half of 2015, meaning that everything will be finalized before 30/6/15.
Dun be so excited first, Indonesia venture talk many yrs but never realized, if venture does not mean will profit Olson, look like cimb in Indonesia where result is poor
lets be careful not to overpay for growth... that was what happen last year when everyone was so excited about the prospect of future growth... and there comes the disappointment afterall.
My expectation for tune insurance is at least double digit growth to justify for current PE, but last year results very marinas growth, tak cantik, ceo cakap banyak tak guna
Tune Ins Holdings Bhd, the insurance arm of Tune Group, will set aside about US$10 million (RM35.4 million) to acquire an insurance firm in Indonesia.
Tune Insurance chief executive officer, Junior Cho, said the commercial terms of the acquisition had been finalised and the company was awaiting regulatory approvals from both countries.
"We are positive of closing the deal by mid-year and the acquisition paid for via internally-generated fund," he said at the Tune INSpire Corporate Social Responsibility programme today.
Cho said Tune Ins has lined up plans, including restructuring and on how it intended to manage the insurance business in Indonesia. Today's event collected US$73,205.20 in donations and the company contributed an additional US$100,000.
The money was presented to four non-governmental organisations for children's cancer treatment, rehabilitation and awareness.
Tune INSpire had pledged to donate US$0.10 for every Tune Insure AirAsia Travel Protection Plan policy that was purchased from midnight on March 15, 2015 to April 15, 2015 and Tune Ins intends to continue with the donation drive. – Bernama, April 28, 2015.
EX-date 03 Jun 2015 Entitlement date 05 Jun 2015 Entitlement time 04:00 PM Entitlement subject Final Dividend Entitlement description Final Single Tier Dividend of 4.04 sen per ordinary share of RM0.10 under the single-tier system which is tax exempt in the hands of the shareholders pursuant to paragraph 12B of Schedule 6 of the Income Tax Act, 1967 for the financial year ended 31 December 2014 payable in cash
LA LUMPUR (May 5): Tune Ins Holdings Bhd ( Financial Dashboard) has proposed to acquire a 50% stake plus one share in Indonesian insurance provider PT Asuransi Staco Mandiri (ASM) for 82.86 billion rupiah (RM22.9 million).
In a filing with Bursa Malaysia today, Tune Ins (fundamental: 2.7; valuation: 0.35) said it has executed a conditional binding offer letter to acquire 38,235 shares or 23.33% of ASM’s enlarged share capital from the vendors for 26.76 billion rupiah.
The group will also subscribe to the entirety of 43,707 newly issued shares or 26.67% of ASM’s enlarged share capital under the agreement for 30.59 billion rupiah.
To facilitate the acquisition, Tune Ins had entered into a cooperation agreement with PT Cahaya Putratama Abadi (CPA), for the latter to assist the group in becoming the holding company of ASM and also for business development services for the expansion of its insurance business in Indonesia for 25.5 billion rupiah.
“The rationale for the investment in ASM is in line with Tune Ins Group’s objective to expand its insurance business beyond Malaysia to other Southeast Asian markets.
“The Investment in ASM will enable Tune Ins Group to have a controlling interest in a local general insurer in Indonesia, through which Tune Ins Group can directly underwrite its online insurance businesses and offer products through other channels in the fast growing and sizeable markets in Indonesia,” it added.
Tune Ins said the investment in ASM will be financed by internal funds, expecting the acquisition to be completed within three months from May 5, 2015.
Tune Ins shares closed 3 sen or 1.6% lower at RM1.79 today, translating to a market capitalisation of RM1.37 billion.
Smallcap World Fund 4.9% Global Small Capitalization (Am Funds Inssr) 1.74% Aps Asia Pacific Master Hedge Fund 1.61% Genesis Asean Opportunities Fund (Gemofplc) 1.47% Smaller Companies Portfolio (Gemofl) 1.44% Baring Pacific Fund 1.09% DWS Invest Asian Small/Mid Cap 0.76% DWS Global Small Cap Growth Fund 0.68% DWS Global Thematic Fund 0.65% Hwang Select Opportunity Fund 0.63% Pedder Street Asia Absolute Return Master Fund Limited 0.63% Prusik Asian Smaller Companies Fund Public Limited Company 0.59% Ashmore Sicav Emerging Markets Global Small-Capequity Fund 0.59%
Kuwait Investment Authority 2.98% Smallcap World Fund 2.45% Saudi Arabian Monetary Agency 1.89% Global Small Capitalization 1.74% Smaller Companies Portfolio 1.18% Phillip Capital Management 1.17% Affin Hwang Select Opportunity fund 1.04% Baring Pacific Fund 0.96% Pedder Street Asia Absolute Return Master Fund 0.68% Deutsche Invest Asian Small Mid Cap 0.67% Deutsche Global GRowth Fund 0.65% Deutsche Global Small Cap Fund 0.64%
Management talk crab, everytime talk positive but result so so, if u look at the profit? Is like 2 yrs ago profit, i think tony has to work harder same to air asia passenger growth olso not impressive, a lot debt olso
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....
jolie2
2,039 posts
Posted by jolie2 > 2015-04-20 11:11 | Report Abuse
correction over soon.
ready to launch back to 1.90 soon. Get ready.