Search This Blog

Sunday, June 03, 2018

Tunepro AGM 2018

10am 1st June 2018, this year Tune Protect agm held at Bangsar South Nexus.



Truth be told the company's performance and share price so far not up to expectation. At most can consider as dividend stock but not yet a growth stock. EPS continue dropping but DPS still maintaining. They have yet to find a niche market that they can grow in. So far most profitable for them is from Travel insurance which make up about 20% revenue but contribute to 60% of profit. Worst is from motor insurance sector which make up 30-40% of revenue but not profitable.
Hope of revenue boaster this year come from their new partnership with Kuwait Wataniya Airways and Fomema. Also prospect of their new acquired p2p insurance tech can be a catalyst too if this concept well received here.

I think the thing you most concern about is what door gift for this year. It's a breakfast pack, rm20 secret recipe lunch voucher and 1 year 50k free PA insurance.