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From 16-18 Feb 2022, the voluminous sales were probably done on purpose by Syndicates to trigger anxiety among the retail investors so that they could collect cheap and lower priced shares.
my Comrades who did due diligence check informed me that the possible Average Cost for Syndicates or Sharks is around RM0.380. As long as your price is not very far from RM0.380, you do not need to worry even if you are a short term trader. If you are a Long Term Value Investor, please ignore any fluctuation occurred recently as it is meaningless in view of the bright future for Tunepro.
My group will keep collecting and buying whenever Syndicates or Sharks sell ticket to trigger anxiety
Thank you, Sharks and Syndicates.
My group of members will continue to buy and buy and collect. We aim for Long Term Value Investment as Tunepro's future prospect is very good,
We look forward to seeing successful closure of Merger and Acquisition Deals between Tunepro and Industry Player in Vietnam and Indonesia.
Within the last 5 years, the price of Tunepro was at its highest on 22 May 2017 at RM1.540 and its lowest was on 19 March 2020 at RM0.230 during the first MCO and lockdown in year 2020.
RM1.540 on 22 May 2017
RM0.720 on 22 May 2018
RM0.695 on 21 May 2019
RM0.230 on 19 March 2020
RM0.340 on 22 May 2020
RM0.395 on 21 May 2021
RM0.525 on 16 November 2021
Now the price is very stable in the range of RM0.395 to RM0.410.
From the highest point RM1.540 to its lowest point of RM0.230, it took only less than 3 years to plummet to the lowest. I strongly believe that after the re-opening of border, and re-opening of economic activities, the post Covid and recovery of economy will drive the performance of Tunepro as it is one of the beneficiary due to mandatory requirement to have Travel Insurance and its implementation of Bite-Size insurance plan soon coupled with the use of InsureTech concept.
To me, my prudent view is that Tunepro's value could be go to above RM1.00 within 2 years time and go up to RM2.00 within 4 years time.
My group will hold Tunepro for Long Term and will buy and collect from month to month as Tunepro will be the next Multibaggar!
Disclaimer: The above comments are only for sharing purpose and shall not be construed or treated as an investment call. Remember, money is yours and you should be making investment decision responsibly.
I did due diligence on Rohit for his experience and contribution done to AXA Affin Life Insurance Berhad. It was incredibly impressive even I spoke to friends in Insurance industries who have ever worked with Rohit before.
Also, I spoke to his current colleague in Tunepro and they gave positive feedback (that time I have not yet been a shareholder).
No need to doubt is Rohit's leadership and after I did due diligence review, I would give my full support and unconditional trust in him.
For your information, before joining Tunepro, Rohit was working for AXA for more than 15 years. Rohit had been transferred to 5 different countries and had taken up 11 different roles throughout his tenure in AXA Affin. He started his career as an Analyst in India and gradually worked his way through the ranks in United Kingdom, Singapore, Hong Kong and now Malaysia.
Our team have full confidence in Rohit's leadership as fewer members in my group are top management level in Insurance Industries with Tunepro's competitors and we know him well.
My group of investors have strong faith in you. We apologised for performing due diligence review on your background.
After the due diligence review, we have no doubt at all in your capability to bring Tunepro to next level. We will show our unconditional support to your leadership by investing in Tunepro and hold Tunepro shares for long term.
We believe that you will bring impressive result for Q421 after normalisation adjustment is done to the one-off flood event.
We are happy that our wish that Tunepro Board to consider distributing Dividends have been conveyed to you and Board accordingly.
No matter how is the discussion outcome, we will still trust Tunepro because our voices have been heard at least.
Our experience proves to us that Tunepro's IR team is very responsive. Here, we would like to express our gratitude to your colleague, the Head of IR for offering us a channel to have video conference call with your team, should we have further questions to clarify.
Lastly, we will withness the victory of Tunepro very soon!
Have a nice weekend.
For and on behalf of a group of shareholders, thank you very much for the effort!
tune pro movement is interelated to capitala.........aa already close down Japan and India branch ...aax and aa convert many planes for logistics biz ... indirect ly cut down their passengers load a lot.....
you should understand the business well and any fluctuation will not influence me and my group
as I already said 18 days ago (top of the comment), my group expects Financial Performance to be showing improvement after excluding the one off flood event or we perform normalisation adjustment on Tunepro performance
it is normal tactic by Syndicates to keep triggering anxiety among weak retail investors.
we hold long term. so no problem for us. you gonna know your risk appetite
今天进了第一批我真390,200000unit 准备做long term investment,希望我有那个耐心别在破380止损。。。。。希望六个月后股价能有一点进步哈哈。。。。。。请问还有什么好料可以收长期吗？买入价卖出价我可以自己研究，我玩短炒玩坏了完全不行看基本面。。。。可是运气好这两年赚了不少，开始有甜密的烦恼，资金多了，短炒也用不了这么多lol…………我真心佩服您玩长期的耐心和看基本面的能力,这tunepro 我进出赚过几次,那时choon兄介绍在四角多进五角多出…………感恩您的分享l………
There are challenges for insurers but at the same time there are plentiful of opportunities for insurer doing travel insurance.
There will be a new normal for the Post Covid as consumers' awareness on the need to have insurance coverage has been increased after this pandemic
We do acknowledge that there are challenges
Nevertheless, we have strong faith in Rohit's leadership. A successful person sees and seizes opportunities in every difficulty and challenge.
One of the very obvious achievements that should be acknowledged is that Tunepro's reliance on Air Asia has been reduced significantly and we should really appreciate effort that has been placed by Rohit's team. It is not easy to change company plan in such a shorter time and during pandemic
You may read more articles in
https://us.milliman.com/en/insight/new-normal-travel-insurance-asean-i...
We aim for Long Term Value Investment. Short term fluctuation and noise will not influence us. Tq
if there is confidence in the fundamental of the company I don't think we need to be concerned with short term movements which may be driven by sentiment.
if I were to speculate, today's FED would be announcing the rate hikes. That could have a bearing. Just not sure how many basis points we are looking at.
A lot of retail investors opine that it is a bad decision to buy Tunepro when Fed Rate has increased.
Indeed, they might be wrong. Insurance core income is not from investment in bond, should be earned from Underwriting Income
Indeed, now it is the right timing to buy even more.....
Investment in bond is common in insurance as it is relatively low risk as compared with investment in equity.
LPI is different story because big portion of their investments is in Public Bank financial products in which Teh tycoon back the share. So dividends from public bank has been used to offset their losses in bond
Tunepro is a hidden gem and a lot of investors do not understand.
A lot of investors also do not understand the fair value gain or loss is just on paper and indeed it is a number crunching game.
If holder of bond opt to record fair value changes in OCI, then it shows no PnL impact
If holder of bond opted to measure bond investment at FVTPL, then the PnL impact will be reflected.
In any of the above cases, there is no cash flow impact at all.
Hope that investor will look at insurance business by normalising all meaningless numbers
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analyse the whole Malaysia insurance biz ......base on their qr, the revenue is stagnant and dropping year by year....comparing with other insurance company like takaful , lpi, mnrb...all these insurance companies are having the same revenue every year indicating this industry already maximize...
a big mistake when didn't analyse other same related companies performance throughout the years....tunepro usp is travel insurance....they are cutting down travel insurance portion, tune pro do not have any monopoly products anymore....this is biz operation analysis that an accountant won't able to understand
already mention there is an inter related with aax and aa...when their related biz got problem, it will affect tunepro ....even they want to expand to Arab, there will be a lot of competition with local Arab insurance companies....
when aax and aa do debt restructuring, all those debts owe to tunepro will be all write off.....all this are biz related analysis that only reading one financial won't able to tell....... accountant and auditor only read figure but no idea what the real biz operation works...