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  donnybelowski Like i said before, this company is not making money thru core insurance biz but from their investment in fixed income. Their insurance biz is worthless. Jual. 19/02/2024 11:08 PM donnybelowski https://www.nst.com.my/business/corporate/2024/02/1015200/tune-protect-flags-rm308mil-impact-4q-2023-results-non-redemption 19/02/2024 11:09 PM singkalin Already give a pre warning sign of heart attack. Better ready with your medication. 20/02/2024 8:43 AM sheldon This co is hardly making profits. Now with 30.8m to be written-off, it's deeper in the grave. So it appears that this government program was poorly executed. It's called lack of diligence. 20/02/2024 10:52 AM Vhydro https://www.youtube.com/watch?v=rH_LsZp_fxU Tune Protect Group 4Q23 Analyst Briefing 29th Feb 18:30 29/02/2024 2:33 AM Vhydro Even without the tenang impairment, the result is disappointed. The management is non-performing. Maybe it's time to change CEO. 29/02/2024 7:10 PM bbc99 qr out,the ptv is one off event and as expected is clearly meet our expectation, why run? 29/02/2024 7:21 PM Vhydro Excluded the ptv impairment, profit 3.5m only, that's disappointed. Remember, Q4 is travel peak season. Airline's passenger carried increased but Tune's profit is stagnant. I do not think it is a good result 29/02/2024 7:28 PM soon9913 yes it is actually very bad result if Rm3.5mil.. exclude the one time impairment 29/02/2024 9:12 PM Vhydro Whenever there is bad result, the management kept blaming on tenang. Come on Rohit, dun play pushing game. Leave your role if failed to perform 29/02/2024 9:53 PM sheldon From the press release, there seem to be some modern cutting edge with AI technology being employed by TPG. I hope Rohit can realise good profits from these initiatives. Please don't hesitate to kick a..ses if need be. Take the bull by the horns! 01/03/2024 10:53 AM Vhydro Artificial Intelligence (“AI”) virtual assistant called “Tracy” Virtual assistant only, nothing much to wow 01/03/2024 3:01 PM Eric Fong The impairment will it possible to be added again on other quarter in future? 01/03/2024 6:05 PM ambrose123 Insurance industry is no strange to fierce competition in term of price and service quality. Thus, it is difficult for a small capital company to compete with large cap. company. 02/03/2024 1:12 AM boonwei98 Everything starts to go downhill when the auto op in insurance was removed from Air Asia ticketing........ 02/03/2024 11:04 AM DividendGuy67 I'm still waiting for the right entry price for speculative trading purposes. Rohit won't leave. He's not one to give up with this setback. Chartwise, it's clear that he has turn around the company, halted the massive downtrend caused by previous CEOs. 04/03/2024 12:57 AM ambrose123 According to Malaysia population statistics (demographic), Malaysia is facing aging population, therefore no good for insurance industry.... 04/03/2024 12:17 PM SlowPoke Revenue of Capital A in aviation reached up to 4.5bil- record high figures. But revenue and earnings of tunepro doesn't benefit at all from airasia and it's disappointing . 05/03/2024 11:07 AM bbc99 goodbye rohit, who can handle,stay. who cant handle, get lost,.This is the good company 03/04/2024 5:28 PM  warchest 10 May 2024 Name MR ROHIT CHANDRASEKHARAN NAMBIAR Age 43 Gender Male Nationality India Type of change Resignation Designation Group Chief Executive Officer Reason Due to personal reasons. 03/04/2024 5:54 PM warchest we need someone that are more reasonably paid to get the job done. Currently, all the profits have been used to pay the management team 03/04/2024 5:57 PM drkervokian Collecting at 0.25 upside potential to be sold. The digital strategy has failed. Lost hundreds of millions to buy distribution but not substantially breaking even. New CEO will be hired to do 2 things only Pivot back to agency. Which needs a ton of cash. Or doubledown on more marketing and digital channel distribution acquisition spend. Either way, it's a dark black hole. 05/04/2024 9:58 AM sheldon Every quarter, the main task of management is to give reasons why it is making losses and keep hoodwinking shareholders of the great potential ahead. The share price trajectory clearly tells that investors are not buying it. The only jewel in the crown of this hopeless company is the insurance licence. 05/04/2024 10:30 AM SlowPoke Digital channel is just part of the journey and not a point to rest on its laurels. Agency is another important channel and not an excuse to take cost-cutting to the extremes for the sake of pleasing itself by shouting aimlessly at its below 100% combined ratio. 05/04/2024 11:00 AM drkervokian On new group CEO. If it's new from the street - then divestment chances are lower. If the new CEO is promoted from within, then there's higher chances the protect will be divested from capital A. 09/04/2024 7:36 AM DividendGuy67 I was wrong about Rohit not leaving, but the news of him leaving allowed price to fall and let me get in at a lower price. I'm sure others will have a better entry price. This is a speculative trading position (hence small). 12/04/2024 10:23 PM DividendGuy67 Tune as a Group, is a small company, with Gross Written Premium (GWP) of only RM400 million or so average the past 5 years. You can't get that much profits from such a small GWP, the problem is relatively high fixed expenses compared to allowances and profits that can be priced in the GWP. Shareholders need to have a longer term plan, otherwise, new CEOs that brings with them short term "tricks" may show good result in the first year or two but inevitably sets the company back. Both Ms Khoo and Rohit (ex-CEOs) took short term views but after 5 years combined, has not really changed Tune fundamentally at the business level. As they say, when there's blood on the streets, odds are better than 50/50 that we'll see a surprise on the upside. 12/04/2024 10:32 PM DividendGuy67 Agree with Sheldon, that in the hands of the "big boys" who can afford to take a longer term view to fundamentally grow the business, that insurance license will come in handy. Problem with Tune is its shareholder who is not willing to wait to do what's necessary to grow its insurance business. If you keep demanding your new CEO to turn a profit in the first year, and not invest in the longer term, you can't grow sustainably in the mid term. 12/04/2024 10:35 PM DividendGuy67 Divestment is probably going to be good news for Tune, as current shareholder is the problem with its unrealistic expectations on its CEO. It needs both proven Management, Board and proven Shareholder to make Tune successful. 12/04/2024 10:37 PM DividendGuy67 @donny, it's the same pattern with past CEOs, Rohit isn't the first. The problem is CEO do what shareholders want them to do. They are creative people to extract short term results as what shareholder wanted, but insurance business doesn't work like that when constantly extracting short term results. Insurance is predicated on a large enough size insurance pool, small pools like 400 million GWP have huge hurdles long term. 12/04/2024 10:42 PM DividendGuy67 @ambrose, Malaysia ageing population is not a factor at all. There are many other older (ageing) countries with successful insurance industry. 12/04/2024 10:46 PM DividendGuy67 @warchest, @bbc, it's not about individual who can handle/cannot handle. CEOs and senior management by nature are resilient people. Typically Rohit and other CEO quit in the past likely due to "differences in views" masquerading as "personal reasons" / "better opportunities". It is unlikely that all these CEOs are wrong and the shareholder is right after so many CEOs. More likely, the shareholder demand is wrong / not suited for this line of business. 12/04/2024 10:59 PM drkervokian Tunepro before the current trade and industry minister was ceO had a super low cost base. Server room was practically a bunch of PCs and everything was auto-opt-in. Making money like mad. Then listing came; and empire building era under the lady ceo. That’s when the cost base went nuts. For such a tiny outfit; the ceo needed a head of strategy and head of distribution to manage the other channel heads. That’s just recipe for disaster. Aside from that rohit’s hiring was a huge bet for digital distribution. Digital distribution can be just as expensive as agency given spend on digital partnership; non digital partner distribution, search keyword, ; social media personality (Tunepro didn’t even invest there) etc. Except you lower the risk of dodgy agency behaviour scamming the company of commissions Changing topic a bi. That’s why I sense BNM’s noble idea of targeting B40 with digital insurer license will fail. Only sufficiently large incumbent insurer can take the losses; or at least can leveraging marketing spend for 2 purpose. 19/04/2024 5:45 PM drkervokian The tenang vouchers. As outside person looking in; also likely due to pressure to meet kpi. I’m guessing there’s incentives that led to agency like behaviour from the team. Being in corporate for 3 decades now. The lesson learned is, if there’s a incentive based KPI, there’s bound to be a scammer that can bring down the company due to greed. 19/04/2024 5:48 PM  | |
