Next resistance level 0.50 Too early to target 0.60 to be honest. Perhaps possible in 2H 2023 which is not very far off. Now's the time to "put one's money where one's mouth is". I have never abandoned this stock. Many have jumped ship.
Once price breached 0.55 and held above 0.50, then there's no looking back. Just monitor the share price appreciation of CapitalA and AAX. Another appealing aspect is, historically, Tunepro has been paying dividend annually without fail since 2014 up to as recent as year 2019. You have the options to sell and take profit or hold for div.
The only downside risk is the fact that Tune Protect invested heavily in bonds back in Q4 2020. As we all know, bond portfolios across all funds all over the world suffered badly from losses.
I would be cautiously optimistic on the next quarterly result for Tune Protect
come on Singapore airline posted highst PAT in 76 years and even our national airline MAS made money after year of struggle... its no brainer 2023 and 2024 are travel year.
Garbage results, garbage company. There u go. Should change the biz from insurance to investment co. All profit come from investment. Core biz loss making.
Based on AirAsia reported robust passenger traffic, Tune Protect is expected to report a better QR next month.
RHB Investment Research Reports Tune Protect Group - The Long-Awaited Recovery Year
rhbinvest Publish date: Tue, 16 May 2023, 06:30 PM Tailwinds from the return of travel. The widespread recovery of global travel bodes well for TPG and its travel partners in Malaysia, Thailand, and the Middle East. Most of the group’s Malaysia travel exposure is via its related company AirAsia, which reported robust passenger traffic in 1Q23 (tripled YoY, +13% QoQ). Feedback from management suggests that the take-up rate for TPG’s travel insurance policies from AirAsia passengers is now at c.12% – up from a single-digit average before the pandemic. For its regional exposure, the group has secured multiple airline partnerships (eg Bamboo Air, Salam Air) over the past few years. We believe the return of travel contributions domestically and regionally should help the group achieve its target of double-digit YoY growth in net written premiums (NWP) for FY23.
Insurance premiums collected are mostly invested to generate income, that is what every insurance company will do. Group’s profitability in 2Q23 was supported by an increase in profit after tax to RM11.2 million, growth of more than 100% Year-on-Year (“YoY”). ******** Next QR is expected to be even better with the commencement of collaboration with Vietjet Air from 5th of July 2023.
Wrong, the investment income only applied to life insurance for asset liability matching. General insurance as Tunepro should rely on the core insurance profits rather than quick gain on investment for their kpi. TunePro investment track record also very poor with huge losses on investment in previous years.
Core insurance biz is very competitive with many international insurances company offer better benefits and rates. Check it out urself.
—— StartOfTheBull Insurance premiums collected are mostly invested to generate income, that is what every insurance company will do. Group’s profitability in 2Q23 was supported by an increase in profit after tax to RM11.2 million, growth of more than 100% Year-on-Year (“YoY”). ******** Next QR is expected to be even better with the commencement of collaboration with Vietjet Air from 5th of July 2023. —— 12 hours ago
Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets.
Take GEICO as an example the second largest auto insurance company in U.S. Their top line growth in tandem with the investment growth since their inception many years ago.
Without top line growth the float money for investment income in also limited.
Tunepro top line has been declining since few quarters back despite various innovative new products launched by them.
Share price indicating investor are seeing the inability of their management to generate higher top line.
History is somewhat important but future is more significant. I will give them a little more time to see whether their core biz revenue and income will keep increasing after COVID-19 and borders reopened.
MRFS 17 also affected insurance company like tunepro
Gen2, yes, it is affecting every listed insurance company. But my opinion is we must be clear on the incident timeline, for example COVID-19, borders reopened, discontinuation from Perlindungan Tenang scheme and fully exited a low retention large corporate account.
These incidents affected the revenue and growth of company. Insurance company is not like casino & tech company. It also cannot compare with insurers in HK who can attract mass mainland customers. The market in Malaysia is limited. That's why after borders reopened, company is expanding to overseas especially Asean countries. This takes time.
For the past few quarters, I'm happy to see this company is turned around and the profit margin is improving. The next thing is to grow the biz. Again, this takes time.
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donnybelowski
170 posts
Posted by donnybelowski > 2023-03-17 09:28 | Report Abuse
Villagers are smart. They will not buy bundle insurance with Airasia anymore. The travel insurance from other companies is way more cheaper.