Posted by Jay > 2017-11-22 13:44 | Report Abuse

1. revenue grew because of general insurance, not travel insurance
2. part of their low profit is because they can't contain the claims in general insurance, so the biz that is growing is not a profitable one (at least for now) plus competition from detariffication will hurt them
3. the main reason the biz is bad is not because no one buys travel insurance but because last time its biz potential was overstated. people bought travel insurance without realising it, once the practice is banned, tune biz drop drastically
4. if 4q the seasonally strong quarter eps only 1.77c, investors better sell now and look for other stocks.

plenty of better companies trading at cheaper valuation, no need to be stubborn and stick to the same one

Posted by omightycap > 2017-11-22 14:59 | Report Abuse

1. "mainly driven by increases in our main lines of business in General Insurance and the Global Travel business in Thailand, assisted by product bundling." Segment info only specify 'General Insurance' never 'Travel Insurance' do your homework.

2. Claims are a random number much like luck factor in casino. The deed is to find more investment income. More than capable to seek more investment income with the right person on the wheel.

3. The link in bundling broken but marketing awareness increases the sales of Air Asia and non Air Asia travellers. "The recent launch of product bundling in our Digital Global Travel business has yielded encouraging results" again do your homework.

4. Foresee more expenses to create awareness rather than pin point profit straight away. Not putting all eggs in one basket but a cheap bet for a long term prospect with increasing ROE in the coming years.