Table: Tunepro's last 8 quarterly results
Graph 1: Tunepro's last 20 quarterly results
Tunepro's revenue continued to track the revenue of Airasia. Thus, its performance will continue to be healthy as Airasia expands its wings across Asia.
Graph 2: Tunepro & Airasia's last 20 quarterly revenue
Tunepro (closed at RM1.37 yesterday) is now trading at a PER of 11.9 times (based on last 4 quarters' EPS of 11.56 sen). At this PER, Tunepro is deemed attractively valued.
Tunepro broke below the uptrend line, SS at RM1.60 about 4 weeks ago. Last Froday, it broke below the support from the horizontal line at RM1.45. Its next support will come from the hroizonatl line at RM1.20.
Chart: Tunepro's weekly chart as at Dec 13, 2016_3.30pm (Source: Chartnexus)
Despite weaker financial performance and negative technical outlook, Tunepro remains a good stock for long-term investment.
I hereby confirm that I do not have any direct interest in the security or securities mentioned in this post. However, I could have an indirect interest in the security or securities mentioned as some of my clients may have an interest in the acquisition or disposal of the aforementioned security or securities. As investor, you should fully research any security before making an investment decision.