opportunity to acquire insurance company at fire sale price now with the potential in insuretech where tune protect is quite strong. potential target for M&A

probably M&As in the insurance industry pretty soon due to insuretech, etc

airasia fell, tune fell :) rather opt for tune protect, as a proxy for airasia. insurance company is profitable always. :)

a blessing in disguise for insurance company from covid 19... passengers will be more likely to buy travel insurance, medical insurance, etc

if new cabinet is formed during weekends, go back to 25sen to 30sen next week probably

very low risk at such price level :)


James Ng
-----------------
[MCT BHD: the outlook for the Group is positive given that the Group is planning several key launches at the Cybersouth project by the first quarter of 2020; the focus will remain at residential properties that are priced between RM250,000 and RM750,000, with some commercial units to complement the completed projects]

This quarter:
The Group’s gross profit margin improved from 33% to 40% arising from savings in construction cost for Skypark @ Cyberjaya which was completed in 2018. The Group also completed the RM47 million disposal of land for development in Cyberjaya which recorded a gain on disposal of RM5 million for the current quarter under review. Due to the loan from the Company’s ultimate holding company of RM200 million, the Group recorded unrealised foreign exchange loss of RM2 million for Q3 2019. Consequently, the Group recorded profit after tax of RM18 million for the current quarter under review.

YTD19 vs YTD18:
Savings realised from SkyPark @ Cyberjaya coupled with the improvement of construction progress has contributed to the revenue and profit recognition for the period. Gross profit margin remained healthy at 34% whilst total expenses stood at 28% of revenue. The effective tax rate of 28% is higher than the statutory tax rate of 24% is mainly due to recognition of under-provision of taxes from prior years.

Prospects:
Under the recent Budget, it was announced that foreigners can now purchase overhang properties priced from RM600,000 onwards, which was reduced from the RM1 million threshold previously. Whilst such measures served to stimulate the property market, it would not affect the Group materially as the Group’s inventory of completed properties priced above RM600,000 is minimal.

Nonetheless, with the Group’s experience in residential development, the outlook for the Group is positive given that the Group is planning several key launches at the Cybersouth project by the first quarter of 2020. The focus will remain at residential properties that are priced between RM250,000 and RM750,000, with some commercial units to complement the completed projects. The Group’s landbanking efforts in 2018 will also bear fruit in 2020 as the Group is targeting to launch the first phase of the newly acquired land in Subang Jaya by the first half of 2020.
--------------------------------------------------------------------------
I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng

if new cabinet is formed during weekends, next monday, jump crazily

fell too quickly... rebound if good results , anyway, minimum risk, already fallen too quickly :)

Recent Prices
Date Open Range Close Change Volume
27/02/2020 0.47 0.465 - 0.475 0.465 -0.005 (1.06%) 593,800
26/02/2020 0.47 0.465 - 0.475 0.47 0.00 (0.00%) 1,090,700
25/02/2020 0.46 0.46 - 0.47 0.47 0.00 (0.00%) 1,193,600
24/02/2020 0.485 0.47 - 0.485 0.47 -0.025 (5.05%) 2,026,200
21/02/2020 0.49 0.49 - 0.495 0.495 0.00 (0.00%) 541,100
20/02/2020 0.49 0.485 - 0.495 0.495 +0.005 (1.02%) 394,200
19/02/2020 0.49 0.485 - 0.495 0.49 0.00 (0.00%) 471,400
18/02/2020 0.505 0.49 - 0.505 0.49 -0.015 (2.97%) 2,032,600
17/02/2020 0.49 0.485 - 0.505 0.505 +0.015 (3.06%) 1,213,000
14/02/2020 0.48 0.48 - 0.495 0.49 +0.015 (3.16%) 2,553,200
13/02/2020 0.475 0.475 - 0.48 0.475 0.00 (0.00%) 882,300
12/02/2020 0.48 0.475 - 0.48 0.475 -0.005 (1.04%) 861,100
11/02/2020 0.475 0.475 - 0.48 0.48 +0.005 (1.05%) 740,800
10/02/2020 0.48 0.47 - 0.48 0.475 -0.01 (2.06%) 1,209,100
07/02/2020 0.495 0.475 - 0.495 0.485 0.00 (0.00%) 2,151,200
06/02/2020 0.48 0.475 - 0.49 0.485 +0.005 (1.04%) 1,782,100
05/02/2020 0.47 0.47 - 0.49 0.48 +0.01 (2.13%) 1,848,900
04/02/2020 0.475 0.465 - 0.475 0.47 -0.005 (1.05%) 2,368,000
03/02/2020 0.49 0.465 - 0.49 0.475 -0.03 (5.94%) 3,815,400
31/01/2020 0.525 0.505 - 0.525 0.505 -0.02 (3.81%) 2,567,500

new ceo's performance will be out today later :)

Tune Protect appoints Khoo Ai Lin as Group CEO
CORPORATE NEWS
Tuesday, 15 Jan 2019

11:18 AM MYT

KUALA LUMPUR: TUNE PROTECT GROUP BHD has promoted the head of its insurance business in Malaysia, Khoo Ai Lin, as group chief executive officer.

Khoo, 50, succeeds Razman Abu Hafidz who has move on to take up an advisory role for the company.

In a statement today, Khoo said her aim in this new role is to deliver the group’s digital agenda by accelerating expansion of international businesses and leveraging the AIRASIA and Tune Group eco-system.

“I look forward to working closely with the group’s management team to accelerate expansion of international business while continuing to

strengthen the Group’s strategic pillars such as being a leader in product innovation, expanding distribution channels and delivering exceptional customer experience,” she said.

Already with a solid CEO now. continuous improvement since 2018 :)


Here are eight more key points I took away from the 2018 Tune Protect AGM:

1. Tune Protect targets to improve its combined ratio to 85% by 2020. The management has taken initiatives to improve the ratio by reviewing its pricing strategies and underwriting terms, and improving its cross-selling and claims operational efficiency. If the management achieves their target over the next three years, it will be a great improvement from the current combined ratio of 94% in 2017.

2. AirAsia contributed around 60% of Tune Protect’s bottom-line in 2017. As Tune Protect was appointed by AirAsia to manage their insurance-related products, it is not surprising that Tune Protect relies heavily on AirAsia to sell its travel insurance. The reliance, however, has been trending down (in terms of proportion) over the years as the company has ventured into general insurance, direct selling to consumers via TuneProtect.com, and partnering with other airlines.

3. Tune Protect distributes travel insurance through other airlines such as Cebu Pacific, AirArabia, Cambodia Angkor Air and, recently, Wataniya Airways. Tune Protect is also allowed to work with AirAsia’s competitors to create a win-win situation. This is a huge plus point as it allows Tune Protect to expand its distribution network. Obviously, no confidential data is shared between the airlines as some of them compete directly with one another.

4. Tune Protect intends to spend RM25 million over the next three years to become a leading digital insurer. The Minority Shareholders Watch Group wanted to know the breakdown of the company’s digital spending and the management stated that the budget will be spent on investment in technology, personnel, e-tools, InsurTech capabilities, and digital marketing.

5. Contract and insurance payables (free float) hit a record high of RM717 million in 2017, but its investment yield was a record low of 3.5%. This is an area where I believe the board should spend more time and, if necessary, revisit their investment mandate as the float has been earning relatively low returns over the last few years. I think there is large untapped potential for Tune Protect to earn a higher return as the management seems to focus only on the core underwriting insurance business.

6. The take-up rate for travel insurance averaged 14% for 2017. It is a good improvement as the take-up rate was in the single digits in the first half of 2017 after MAVCOM enforced the opt-in ruling. Without the bundling initiative, the result could have been worse for 2017. The management deserves big credit for turning things around despite the poor results initially.

7. No share buyback is in sight as Tune Protect’s cash balance dropped to RM7.5 million in 2017 from RM24.0 million in 2013. A shareholder suggested that the company consider buying back its shares as the price has come down quite significantly, but the chairman explained that Tune Protect doesn’t have the financial resources to do so.

8. Tune Protect seems to have high leadership turnover with two CEOs leaving since its listing. Razman, previously the chairman, eventually stepped in as the CEO after Junior Namjick Cho abruptly resigned as CEO in 2016. There wasn’t any mention about the sudden change of CEO in the annual report. My friend, Lawrence, was eager to find out why the company has such a high CEO turnover and how changes in leadership will affect the company’s business execution moving forward. To his dismay, the board seemed to dodge his question and assured investors they are not expecting a change in CEO again.

:)

The share price of Tune Protect Group Berhad has nearly halved from a year ago; it was trading at RM0. 80 when I attended this year's AGM in June. Unfortunately, it's even worse for those who got in at the IPO price of RM1. 55 back in 2013.Jun 13, 2018
Industry: Insurance

Khoo shared that its travel business had grown in tandem with AirAsia's expansion, which has seen its passengers carried grow to 80 million last year.

"We fully intend to tap into this massive network to reinforce our strategic partnership not just within the AirAsia Group but also across the Tune Group ecosystem.

"Our Dynamic Pricing initiative went live in several markets in 1Q19 and that will provide four per cent incremental revenue to us,” Khoo said.

The company is looking at a number of firms to either partner or acquire in order to drive its Insurtech capabilities.

"We are actively seeking these firms that we can either acquire or grow a strategic partnership with. It is very important, however, that these firms will strategically help with our push forward and that we can monetize from them.

"We are looking beyond vendors and the likes, but instead an acquisition that is on the same level as us," she said.

The MoA involves an Indonesian insurer and the national association of tours and travel agencies to distribute travel insurance through and integrated B2B online platform offered by Tune Protect for travel agents.

"This is because within Global business, we are expanding from pure travel reinsurance to other retail lifestyle lines of business, as well as technology capabilities," she added.

Through GAIN, Khoo expects to have at least 42 million policies by 2022. It has acquired some 10 million policies a year.

Tune Protect Group Bhd is embarking on an ambitious three year strategy plan called GAIN that will see the group diversifying its business beyond insurance protection.

GAIN compromises Tune Protect's four core business segments namely Global business, AirAsia ecosystem, Insurtech capabilities and National Business.

"Our near-term focus within the global business is to focus in partnerships within Asean and Indochina markets which present opportunities in retail and digital as they both have a sizeable young population, are relatively low in insurance penetration and are rapidly embracing digitisation,"

pavilion bukit jalil will be completed soon .. :)

26-Feb-2020 Quarter Result Quarter Result on 31-Dec-2019[#2] QoQ - 520.70% YoY - 214.07%.

:)

Wednesday, 26 Feb 2020

6:08PM MALTON 1H net profit 9.205 million (increased 41.92%)

good to accumulate, super low now

History - direct biz transaction

Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
25/02/2020 00:00:00 0.5300 0.0600 365,000 365,000 193,450 193,450 0.5300 0.0486 -

covid 19 , a blessing in disguise for insurance company. :) the importance of protection when we fly

could it be emerged again this year?

Entry of South Korean investor in Tune Protect could remove ...www.theedgemarkets.com › article › entry-south-korean-investor-tun...
Sep 11, 2017 - KUALA LUMPUR (Sept 11): The potential entry of a South Korean investor into Tune Protect Group Bhd could remove any potential share overhang, while helping the insurer to accelerate growth of its business overseas, according to UOB Kay Hian Securities (M) Sdn Bhd. “Assuming that ...

Tune Protect - Disposes entire stake in Laka Ltd
Author: AmInvest | Publish date: Fri, 10 Jan 2020, 11:01 AM

We maintain our HOLD call on Tune Protect Group (TPG) with an unchanged fair value of RM0.62/share pegging the stock to FY20 P/BV of 0.8x, supported by an ROE of 9.3%.
The group announced that its wholly-owned subsidiary, Tune Direct Ltd (TDL) has entered into an S&P agreement with LocalGlobe X, L.P (LocalGlobe) and Creandum V, L.P (Creandum) (collectively, the buyers) to dispose of its entire 9.99% stake in Laka Ltd (Laka) based in the UK.
The rationale for the disposal of its investment in Laka was to enable it to utilise the sales proceeds to strengthen its own digital and technological capabilities.
Its shareholdings in Laka will be sold to LocalGlobe and Creandum for £555,369.36 or RM3mil based on an exchange rate of £1: RM5.40. The selling price was derived on a willing-buyer-willing-seller basis.
Recall in June 2018, the group announced its acquisition of a 9.99% stake in Laka, an insurtech startup company which operates on a crowd insurance model to rival traditional premiums. Laka offers non-conventional peer-to-peer protection to members of a same community. The intention of TPG investing was to leverage the technological expertise of Laka to support its aspirations to become a leading digital insurer. The total cost for the investment back in 2018 was £499,478.07 or RM2.67mil and it was funded internally.
With a selling price of circa RM3mil, an estimated one-off gain of RM0.3mil is expected to be recognised in the group’s upcoming 1Q20 results which are trivial in our opinion. The transaction is expected to be completed by 31 March 2020.
The disposal of its investment in Laka is not expected to impact the group’s core earnings. Hence, we are leaving our net profit estimates unchanged.
Source: AmInvest Research - 10 Jan 2020

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
10/01/2020 0.565 0.62 +0.055 (9.73%) HOLD AmInvest
22/11/2019 0.58 0.70 +0.12 (20.69%) BUY TA
22/11/2019 0.58 0.72 +0.14 (24.14%) BUY MIDF

tune protect could be disposed off by the major shareholders too..time to accumulate

time to buy... nowadays people realise the importance of insurance when they fly.. better proxy to airasia

Also~
This announcement is based on the information in the Notice of PersonCeasing to be a Substantial Shareholder from River and Mercantile AssetManagement LLP dated 20 December 2019 received by the registered office of TuneProtect Group Berhad on 21 December 2019.You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



23/12/2019 07:00 AM

mct is a member of ayala group in the philippines... bigger than sime darby here... spanish filipino conglomerate... safe bet also

passengers worldwide will realise the importance of insurance when they fly. so, tune protect is a much a safer bet or proxy to airasia.. :)

buy tune protect better than airasia..a safer proxy to airasia. more people will buy insurance when they fly from now onwards

lowest last time was about 89sen... this time with the virus, it could be lower too... tak tau bottom price kali ini

cash burn rate is very fast... expecting the worst for several quarters

if we buy, we must get ready cash for right issue which is very likely

likely right issue is otw or seek govt bail out looking at the virus impact... expecting bigger loss in Q1, 2020

very likely to fall below RM1... those who want to buy for long term... sediakan wang sekarang

right issue otw ... big loss???

Thursday, 27 Feb 2020

6:34PM AIRASIA PROVISION OF FINANCIAL ASSISTANCE

6:06PM AIRASIA Financial year end net loss 285.963 million

Tak tau. Many people are reluctant to fly :(

KUALA LUMPUR (Feb 20): Malaysia's theme parks and attractions are one of the worst-hit leisure segments as both domestic and foreign tourists shy away from crowded places for fear of contracting the deadly coronavirus.

Malaysian Association of Amusement Theme Park & Family Attractions (MAATFA) president Tan Sri Richard Koh told theedgemarkets.com that visitorship in January, post-Chinese New Year, dropped 38%, and that in the first 20 days of February, patronage tumbled by a staggering 80%.

As a result, Koh expects the industry, of which all categories of attractions have been affected "... especially waterparks and family entertainment centres and playland," to take between six and nine months to recover.

Theme parks, amusement parks and attractions located in Kuala Lumpur, Johor, Sabah, Sarawak and Melaka have been worse hit, he said.

Whether indoor or outdoor, the parks have not been spared. As a result, all F&B and retail businesses are also suffering.

Some of Malaysia's popular water parks include Sunway Lagoon, Lost World of Tambun, Legoland Water Park and Adventure Waterpark Desaru Coast.

Listed companies with theme parks and attraction components include Sunway Bhd, Sentoria Group Bhd and I-Bhd.

To date, Malaysia has confirmed 22 cases of Covid-19.

In China, where the number of confirmed cases has surpassed 74,000 and the virus has claimed over 2,000 lives, Disneyland has shut its theme parks in Shanghai and Hong Kong indefinitely.

For remembrance


https://www.theedgemarkets.com › s...
Share price is falling but Fernandes says AirAsia has done everything right. Why ...
1 Mar 2019 · AirAsia Group Bhd group chief executive officer (CEO) Tan Sri Tony Fernandes on Thursday said the low-cost carrier made all the right .

Takda vaksin lagi :(

NOVEL CORONAVIRUS CASES
PLACES CONFIRMED CASES REPORTED DEATHS
China 74,185 2,004
Cruise ship (Diamond Princess) 621 0
Singapore 84 0
Japan 65 1
Hong Kong 62 2
South Korea 51 0
Thailand 35 0
Malaysia 22 0
Taiwan 20 1
Expand table
TOTAL 75,277 2,010
As of 11:05pm Feb 19, 2020

Makin serious


NOVEL CORONAVIRUS CASES
PLACES CONFIRMED CASES REPORTED DEATHS
China 74,185 2,004
Cruise ship (Diamond Princess) 621 0
Singapore 84 0
Japan 65 1
Hong Kong 62 2
South Korea 51 0
Thailand 35 0
Malaysia 22 0
Taiwan 20 1
Expand table
TOTAL 75,277 2,010
As of 11:05pm Feb 19, 2020

:p

Malaysia
Authorities confirm 19th case, involving a woman from China.
WHO advises Malaysia to prepare for more COVID-19 cases.
The Ministry of Health will form a joint committee with its Singaporean counterparts to manage the outbreak in both countries.
The government’s economic stimulus package will focus on the retail, aviation, and tourism industries. The sectors most impacted by the coronavirus outbreak.
Malaysia’s Domestic Trade and Consumer Affairs Ministry has been conducting inspections in the city of Johor Baru to ensure there was no panic buying of essential food and household items by Singaporeans. Singapore and Johor Baru are connected by a 1,000-meter causeway.
Sarawak has imposed a 14-day home quarantine rule for travelers coming from Singapore.
Three Chinese nationals who tested positive for the virus in Malaysia have been discharged from the hospital. Once they arrive in China, they will be subject to medical screening by health officials.
The government is looking to launch an economic stimulus package to mitigate the impact of the virus outbreak.
The number of cases rises to 18. Six have been transmitted in Malaysia.
Malaysia confirms 17th case.
Malaysia has expanded a ban on visitors from China to now include Zhejiang and Jiangsu provinces.
Malaysia confirms 16th case.
Article from the Malay Mail about national capability to handle infectious disease outbreaks here.
One more case confirmed Chinese national from Wuhan who arrived in Johor Bahru from Singapore to visit family members. Total cases now 15.
14 cases now reported, including first recorded in-country transmission.
Reports of two new cases, including Malaysian national who attended a conference in Singapore where Chinese delegates were also present.
Eighth case, Malaysian navy to send ships to bring nationals home from China.
Confirmed cases reach seven, Malindo Airlines flight, 31 passengers and crew held in quarantine in Tianjin.
Reported cases now up to seven.
Malaysia has followed the Singapore lead and has ceased visa on arrival facilities for travellers arriving from Hubei. The country has four confirmed cases.

Better late than never :)

Malaysia
Authorities confirm 19th case, involving a woman from China.
WHO advises Malaysia to prepare for more COVID-19 cases.
The Ministry of Health will form a joint committee with its Singaporean counterparts to manage the outbreak in both countries.
The government’s economic stimulus package will focus on the retail, aviation, and tourism industries. The sectors most impacted by the coronavirus outbreak.
Malaysia’s Domestic Trade and Consumer Affairs Ministry has been conducting inspections in the city of Johor Baru to ensure there was no panic buying of essential food and household items by Singaporeans. Singapore and Johor Baru are connected by a 1,000-meter causeway.
Sarawak has imposed a 14-day home quarantine rule for travelers coming from Singapore.
Three Chinese nationals who tested positive for the virus in Malaysia have been discharged from the hospital. Once they arrive in China, they will be subject to medical screening by health officials.
The government is looking to launch an economic stimulus package to mitigate the impact of the virus outbreak.
The number of cases rises to 18. Six have been transmitted in Malaysia.
Malaysia confirms 17th case.
Malaysia has expanded a ban on visitors from China to now include Zhejiang and Jiangsu provinces.
Malaysia confirms 16th case.
Article from the Malay Mail about national capability to handle infectious disease outbreaks here.
One more case confirmed Chinese national from Wuhan who arrived in Johor Bahru from Singapore to visit family members. Total cases now 15.
14 cases now reported, including first recorded in-country transmission.
Reports of two new cases, including Malaysian national who attended a conference in Singapore where Chinese delegates were also present.
Eighth case, Malaysian navy to send ships to bring nationals home from China.
Confirmed cases reach seven, Malindo Airlines flight, 31 passengers and crew held in quarantine in Tianjin.
Reported cases now up to seven.
Malaysia has followed the Singapore lead and has ceased visa on arrival facilities for travellers arriving from Hubei. The country has four confirmed cases.

Q1, Q2 tak baik punya results. After June maybe recovery :)

COVID-19 CORONAVIRUS OUTBREAK
Last updated: February 14, 2020, 01:27 GMT
Cases - Deaths - Countries - Death Rate - Incubation - Age - Symptoms - Opinions
Coronavirus Cases:
65,247
view by country
Deaths:
1,491
Recovered:
7,066
ACTIVE CASES
56,690
Currently Infected Patients
46,086 (81%)
in Mild Condition

10,604 (19%)
Serious or Critical

CLOSED CASES
8,557
Cases which had an outcome:
7,066 (83%)
Recovered / Discharged

1,491 (17%)
Deaths

Trader Vs investor Vs short seller :)

If virus not overcome, the coming Q1 & Q2 this year, bad results expected

OPR continuous falling to support the economy is another negative factor for banking stocks

Fell like this. Takut a lot of bad debt provisions? :)

Cash rich and can wait, genm seems ok, if can't hold for 1 year, better don't touch :)

Jika Tony Dan kamaruddin didapati bersalah Dan dipenjarakan, impak besarkah?

Tak tau, jika KES Kian Naik, mungkin semua penerbangan antarabangsa diberhentikan buat sementara, barangkali , tak tau

Macam ini, pelabur mesti Ada Wang pegang lama :)

COVID-19 CORONAVIRUS OUTBREAK
Last updated: February 13, 2020, 10:10 GMT
Cases - Deaths - Countries - Death Rate - Incubation - Age - Symptoms - Opinions
Coronavirus Cases:
60,396
view by country
Deaths:
1,369
Recovered:
6,166
ACTIVE CASES
52,861
Currently Infected Patients
44,708 (85%)
in Mild Condition

8,153 (15%)
Serious or Critical