Shares & Derivatives
8 things I learned from the 2020 Tune Protect AGM
By The Fifth Person  •  September 1, 2020
Incorporated in 2011 and listed on Bursa Malaysia in 2013, Tune Protect Group Berhad underwrites and reinsures non-life insurance products. It is well-known for its travel insurance products that are often bundled with AirAsia flight tickets. In 2019, AirAsia owned a 13.7% direct stake in the company. Over the years, the company has been plagued by bad news and recent demand for travel insurance has declined due to COVID-19. As a result, Tune Protect’s share price has dropped from an all-time high of RM2.53 in June 2014 to RM0.35 (as at 28 August 2020), which represents an 85.8% capital loss. Since 2012, Tune Protect has had four group CEOs. Six out of the eight current senior management members joined the company in 2019-2020. Like many shareholders, I question the reason behind the high turnover of its senior management. So I attended the company’s recent annual meeting to see if I could uncover anything...
Read the full article
By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance