Tune Protect the nation’s 1st to host insurance core system on public cloud
TUNE Protect Group Bhd (Tune Protect) is now the first insurer in Malaysia to have received the official approval from Bank Negara Malaysia (BNM) to host its insurance core system on Telekom Malaysia Bhd’s (TM) Cloud — (Alpha) Edge.
This collaboration between the three parties will ensure Tune Protect customers receive consistent speeds in user portal experience; more tailored and matching insurance offerings for their requirements; and better insurance premium rates due to infrastructure and intelligence optimisation.
The cloud thing is nothing. BNM has restriction that financial institutions cant store customers data outside Malaysia. For Tunepro, it is merely the first to do so, in a so-called local cloud. In fact, actually smaller company easier to achieve this due to small business size.
What is tunepro market share in local Malaysia travel insurance among all other players like etiqa, AXA? 30%? Perhaps auditor can check with tunepro IR
I am very optimistic about the potential driver for company's performance, the use of super apps. With the extra bonus, opening of border, this should be indeed a strong catalyst to grow the share
Remember do not chase higher price. Keep calm and steady. Long term value investment should be highly feasible and you will see handsome return in foreseeable future. Please give Rohit till 2023 to prove himself which is in line with his 3year plan
So much talking BS. Quarter results negative also wan to defend.
The recent QR, core insurance business loss making. Lol
If u look at previous QR, Tune has changed its business activities to Investment. Up and down driven by Investment. Haha. Insurance earnings very little. Quote instruments is mainly bonds / fixed income. The FV will incur losses when there is a hike in interest rate. I highlighted again the insurance biz is small compared to their reliance on Investment in Fixed income / bonds.
If u still want to play this stock, look at interest rate movement. If want to play travel, go to airport or airlines direct.
All, points taken, both the good and bad. Understand that every investment has its set of risks. Manage it well, you survive. But however if you are pre-emptive (not reactive), you will profit. Divest or diversify your investment. It would not be wise to play down Tune's strategy too early in the game. It's not game over yet.
You will be surprised by their business plan very soon
For Q1, I set realistic expectation so I think Q1 result will not be good but will show slight improvement at least for the bond investment because Tunepro has restrategise its investment in bond. Slighter shorter maturity bond so that can minimise the impact from market volatility in bond market
For Q2, I will expect improvement slightly better than Q1
In a nutshell, Tunepro top management does not have silver bullet to solve all within short term.
I suggest that we stick to Rohit 3 year plan and wait to observe until 2023 to avoid big disappointment
To me, still I set realistic expectation. If qr show gradual improvement from quarter to quarter, I believe share price will go up steadily.
I would rather aim for steady growth rather than sudden spike due to market speculation by syndicates.
Still invest in undervalued stocks like Tunepro and hold for long term to aim for capital appreciation and growth in the company.
Lastly, I think we should think like Warren Buffet, we don't buy shares, we buy the business!
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.
Insurance is no longer Core Biz. Investment in Fixed Income now is Core Biz. When Interest rate go up, Value go down which is equivalent to Loss in Investment
Insurance No longer compulsory. Investors bought Tune because of they expect Insurance is compulsory post Covid. Sadly, New SOP, No need Travel Insurance.
Airasia is still struggling for Tune to achieve pre covid time.
Conclusion. Jual.
Someone is panicking. Better sell fast before them, before Insti start selling. Ciao
Investors waiting to access the next earnings result to identify potential turnover opportunities after a year of consecutive losses by Tune Protect Berhad
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....
auditorandconsultant
827 posts
Posted by auditorandconsultant > 2022-03-18 18:47 | Report Abuse
It is a game set by accountant
FVTOCI
FVTPL
Need to use layman term to educate more retail investors
But, I choose to be silent so that I could gather more
Again, please look a focus at Underwriting Income