It's a long term balance sheet booking and quite likely the fair value losses would be written back up. What is important is that no cash impact and no liquidation of the investment is required. The financial instruments could also pay dividend which would be booked to the p/L.
I see tunepro very active on Fb and other online search links. Latest is home content and fire insurance. Only rm63 for like rm25k of protection. Less than a weekend meal for some piece of mind.
Air Asia app already has the insurance link. Tony is a smart guy to start ride hailing and food delivery through his app. He is consolidating his market place which includes tunepro insurance services. It would reduce marketing cost and increase reach and the number of consumers.
Tunepro offering the adhoc ride cover, travel protection even home owners insurance for those wishing to insure while on holidays.... More revenue stream and better margins. I think of it like buying magnum or toto... Cheap less than rm20 per cover and you can keep buying.... As u go..... More ppl do the better..
Yes AA digital platform carry insurance and Tony has been talking abt merging some of his other non aviation assets into the digital platform which encompass lifestyle and consumer based needs. Tunepro is undervalued and at least worth its NTA or higher... That's why I keep accumulating. If a large part gets integrated into an SPAC and the digital platform, imagine the revenue stream....
AXA-affin, Am General now... Still a few foreign parties looking for acquisition targets..... Tunepro is super undervalued and with its nice digital exposure a foreign partner could easily add a fresh twist to their produce line...
@108ventures, no bro, am an investor and not related to the management but have been following their moves and the industry. Its a consolidation play for insurance companies, especially ones from EU expanding their footprint. I don't pump up the stock but it's naturally undervalued and I keep accumulating.
Unfortunately at this level, no big sellers, to buy 2 to 3 mil shares, the price jumps up quite fast 4 to 5 sen...
Anyway what is interesting is the latest stunt by Tony for his SPAC in the US, digital platform. There is a play for tune leaning towards digital and shorter/smaller coverage... Insure as you need type of biz. If they need to prove platform or physical business acquisition, a chunk of tune could be the play.
Anyhow the growth going forward with escalating healthcare cost would spook many to pickup insurance coverage.
Malaysia There have been approximately* 28,661,587vaccine doses administered for COVID-19 in Malaysia, currently at rate of about 5.32/second or 459,798 each day. That is about 88.6 doses per hundred people (~32.37 million). At this rate, Malaysia could have 70% of people vaccinated (2 doses) in 36 days (or by Sep 22, 2021).
Get ready to rock and roll to 60sen....revenue up 10%, profit 20m, check out the cash hoard in the next QR... In around 20 days, domestic travels opening up.... Then by q4, Tunepro would be 80sen.... Digital biz going strong....
Yes, business in a strong position and with post Covid travels requiring insurance, tune will zoom up very fast to 60sen.there is a possibility for it to move all the way back to levels not seen in the last 4 years.... BBB, don't miss out...
Can spike up 10% or more in a day... Epf qtrly income quite high and they will be positioned to switch to market recovery sectors... Time for tunepro to get some positive highlights
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....
wahd
76 posts
Posted by wahd > 2021-06-21 17:07 | Report Abuse
@Sslee , thanks for the explain .