Holding this stock is the only way to beat performance. Fund managers have nowhere else to park their money except property/real estate counters. Plantation is dead. Glove is experiencing dead cat bounce. Tech stock is unstable.
Today people were panic selling because they have not thought out of box after the news about relaxed SOP was announced by Khairy.
You think top management has never anticipated that due to relax SOP, Covid-19 travel insurance might be not mandatory? If you think that way and with narrow mindset, then you should just sell and dump the shares.
Think bigger and aim bigger. If you think Tunepro must rely only on Covid-19 insurance to survive then you should relook Tunepro's victory in the past when there was no such thing called Covid-19 travel insurance.
Furthermore, Travel insurance covering Covid-19 is not mandatory in certain countries only
Moreover, even if insurance covering Covid-19 is not mandatory, it does not directly mean all passengers will choose not to buy the usual travel insurance and Covid-19 travel insurance at all.
And don't forget public awareness is getting higher, I do not see any direct correlation between the relaxed SOP with insurance business
Because if you relooked in the past, when there was no Covid-19, passengers with higher awareness of protection were still buying travel insurance even though it was optional.
With relaxed SOP，it is even better for Tunepro to relook its strategy to capture the existing market and penetrate new market using new and attractive insurance not limited to travel insurance and insurance covering Covid-19.
Many other initiatives could be done.
Think out of box. If not, you are welcome to dump and my group members will prepare to collect on dip.