Tune does not know how to invest and get decent returns... Insurance co pay pay for claims and depends on investment income to be in the green. If lucky some years claims are less !!??
More and more AirAsia planes are taking off to the sky which could rake in more travel insurance revenue, but it will take time, perhaps in the next one or two years
Not to worry too much about the lower price of tunepro shares. It has a general insurance licence which is fairly valuable; and it has no debts. Most of the losses are the result of bond depreciation due to high interest rate. When interest rate begins to drop, bond prices will rise and you will see profit write backs.
Long time didn't fly, not sure whether travel insurance are automatically recommended for AirAsia air tickets buyers after they confirmed and paid for the air fares, right?
AIREEN OMAR, a tunepro director bought tunepro shares again. She now holds 500k units of tunepro. Something good about tunepro must be developing. Let's watch out for it!
1. Directors and insiders purchases are a sign of confidence and positive conviction in the prospects and future earning growth of the company. These are the people who know best and have the most up to date information about their company. Hence, directors buying its own company shares and continuing in its efforts are certainly worth examining. 2. One of the greatest investors of all time Peter Lynch was noted as saying that " insiders might sell shares for any number of reasons, but they buy them for only one ; they think the price will rise" Hi guys get into action and excitement. Ride on their knowledge and expertise and profit from it. 31/12/2022
1. On 9th Dec Tunepro had a golden cross between the 9-day EMA and the 20-DAY EMA. This signals a short term bullish outlook. In additional again on 21st Dec another golden cross was formed and this time between the 20-day EMA and 50- day EMA thus, indicating a long term bullish outlook.
2. Tunepro closed at 31.5sen with intra day height of 33sen is above the 9-day,20 -day and 50- day moving average. It has demonstrated excellent strength in share price performance. It is hope that the momentum would persist and raise above the 200 day moving average to firmly determine the beginning of a new uptrend.
3. The MACD line crossed from below to above the signal line on 9 Dec. The gap between the 2 lines has also widen and accompanied by larger histograms. Hence, positive momentum is building up and continuing.
4. The Price- Volumn Analysis; This rise in share price these past few days was accompanied by comparatively higher volume traded. An increase in price accompanied by higher volume traded confirmed new buying interest and confidence shown to the counter. 5. Therefore,basing on the technical charts and those indicators, it would be wise to maintain the long position and hold onto the shares for longer term value investing.
6. And likewise, it would be unwittingly wasteful and reckless to liquidate the long position prematurely for a tiny profit. 1/1/2023
The chart tells the whole story behind. With China opening up, the number of AirAsia flights into the region will increase tremendously. Very likely, travel insurance will increase in tandem.
At its peak, tunepro share was selling something like RM2.50. Don't expect that price will be repeated in the short term; a quarter of it will be good enough!
Tunepro's business model is highly digitalised and linked to many partners digitally. It is extremely scalable without much cost. If the travel industry takes off in full steam, we probably will see tunepro flying as well, but again will take time.
tunepro was one of the earliest insurance company to go online however since covid, most other insurance companies have also gone online as such, tunepro has lost its advantage
1.When insiders are buying,do not ignore the implications of their action. More often than not they know some things of changes in value about the company which you are not aware.
2. When the investment bank initiate a coverage or issue a technical analysis and trading idea 2 days ago,do not underestimate its power and influence. They have followers.
3. When the volume increase and the funds start buying, it is not a one off transaction for some contra profit. They will follow through with energy and passion plus a deep pockets. 5/1/2023
You are right trader808....buying by funds has just started. Tune, is trying to get inroads to young people groups. It has built good bases where the insured are in their insurance portfolio. Tune has to be reasonably priced and has marketing strategies to hold on to the insured on their books. Tune has done a lot of leg work last few years. Hopefully they can maintain and improve the momentum
Yes tbgammobile... Tune has to have strategies to keep their current insured from leaving Tune. Treat customers well, a good experience with Tunes mobile app, be reasonably priced. Further with more confidence on the Anwar govt,..foreign funds are returning. Msia back to be Tiger of Asia....!!!
It is true the mainstay of Tunepro is travel insurance; its motor insurance is too small and not profitable. However, when the passenger volume is sufficiently high, which will take next two years to build, the profit will be big enough to sustain the share price; tunepro has only 750 mil shares. Holding tunepro will be quite a long-term investment and hence needs a fair bit of patience
Looks like nothing very much is forth coming. They play up the share price to set exercise price for the ESOS @ 32.5 sen. Investors will have to depend on real good performance of Tunepro to get some benefits
tbganmobile, you have to look forward at least 3 months onwards. Once you saw the net profit really come in, then the share price wont be at this level already.
Travel insurance is really an important revenue especially tie up with airasia. The world will anyhow back to normal. The world will anyhow drop the restrictions on Chinese tourists after a few months from now.
A rising tide will lift all boats. As long as aviation picks up, Tune Pro will be flying in no time. This is your captain speaking. Buckle your seat belts and prepare for takeoff.
This stock has few institutional players, the volume could be created mostly by some local players. If they have no action, this stock will be dead flat. The only upside for the stock is, it wrote down bad debts which could possibly be collected back, so we may see sudden spike in the profit for 1 or 2 Qs. I think for the revenue wise, it can't go very far yet.
Healthcare 2020 bull run, Tech 2020 - 2021 bull run, Commodities 2021 bull run, Logistics 2021 bull run. 2023? Aviation? Every sector will have its turn. Understand the market cycles and position well.
Recently, Tunepro unveiled an ambitious digital platform with online links to 60+ insurance partners in many countries. The management is very excited and optimistic about the new development. Hopefully, the investors can see some tangible results in the coming quarters!
Tunepro is moving up steadily in the past week to a closing price of 37sen. The near-future trajectory will depend very on the coming 4Q results in Feb. A set of turn-around financial performance will certainly support the uptrend. On the other hand, if tunepro continues to bleed, the rally could just fizzle out. Hope for the best!
Jubin Mehta, CEO of Tune Insurance Malaysia has just recently bought 75,000 of tunepro shares. This is certainly a positive development for tunepro group; something good must be brewing. The share price hit 39sen this evening.
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....
TakeProfits
1,229 posts
Posted by TakeProfits > 2022-12-01 20:31 | Report Abuse
Tune does not know how to invest and get decent returns...
Insurance co pay pay for claims and depends on investment income to be in the green. If lucky some years claims are less !!??