the alliance VA is code sharing. but with 8 different agenda (of their minds) is hard to proceed as one for all, SQ has lose their monopoly. they are trying to claw back their market shares. this is my take on the latest alliance on LCC
It is strange that this news was not actef positive to market, but i think this may be good time to accumulate some more at present price.. this may be foreign fund is selling due to bad market sentiment is not good especially UK may out from Euro..
LATEST NEWS, CORPORATE MIDF Research keeps Buy on Tune Protect, raises target to RM2.14 KUALA LUMPUR (June 9): MIDF Research has maintained its “Buy” rating on Tune Protect Group Bhd with a higher target price of RM2.14 (from RM1.89) and said the share price of Tune Protect is still trading far below its fundamental value. In a note today, the research house said that it expects the stock to start pick up ground soon with an expectation of stronger earnings growth ahead “We revised higher FY16 and FY17 earnings by 16% and 25% respectively. “Hence we reiterate our BUY recommendation with an increased target price of RM2.14 per share,” it said. At 9.45am, Tune Protect dipped 0.65% or 1 sen to RM1.52 with 100,500 shares traded.
As I said, it depends on Airasia n does not have a broad base of customers other than the aviation sector. It is like a semi conductor company having only Intel as its customer. The ex CEO Junior tried to broaden its customer base n it takes time. Maybe because of this, there is less big investor interest in the share.
Agreed, Shaun. Plus, Tunepro also sells insurance to customers of its partners and does business in the general insurance space. IMO plenty of room for this stock to grow.
"The Group is still dependent on aviation sector" says it all. Anyway I would say that Tune is for the long term and is not for fast bucks.
By the way, when I bought my new car, the dealer insured it with Tune. When it is up for renewal, I found that Tune does not have an office in my town even though I found an office with the signboard of Tune. The agent there was not eager to do business so I went to RHB Insurance.
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....
changccs87
194 posts
Posted by changccs87 > 2016-06-07 23:16 | Report Abuse
at this current price 1.55 still very cheap, price recently turn to bullish, after recently break below ipo price of 1.35