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Cheapest Insurance tech Co on Bursa today. Best outcome 1) Tony & kamaruddin forced to sell their controlling block at 35 to 40sen to a larger, serious player. Revamp the co.. 2) AA goes down, tune's controlling shareholders divest the whole business or liquidate parts. The investment holding could be worth 55 to 60sen return to shareholders. However it'll take 2 yrs... Hahaha. 3) biz as usual and tune just makes their rm2 to3 mil baseline... Share stuck between 28 to 30sen..
Just looked at Tune Protect’s latest Q2 results. Despite the challenges from AirAsia and weaker travel business, the numbers still look quite decent. PAT was RM6.4m, up 66.5% from the previous quarter.
What’s interesting is that the non-travel business is already helping to support the results. If the travel side gradually recovers in 2H, there could be further improvement in earnings.
