TUNE PROTECT GROUP BERHAD

KLSE (MYR): TUNEPRO (5230)

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Last Price

0.335

Today's Change

+0.005 (1.52%)

Day's Change

0.33 - 0.34

Trading Volume

830,500


11 people like this.

5,268 comment(s). Last comment by singkalin 3 weeks ago

willc48

720 posts

Posted by willc48 > 2017-08-25 10:10 | Report Abuse

Failed to atract other insurance companies

Posted by Ah Kow, Ali dan Muthu > 2017-08-25 10:36 | Report Abuse

After T3 that all the contra player gone, it's now good to go uptrend.... like sister company... AAX. :)

mentos512

287 posts

Posted by mentos512 > 2017-08-25 10:38 | Report Abuse

staffing overhaul is on the way...recruited many from prudential....expect turnaround in next few QRs.

free2invest

1,748 posts

Posted by free2invest > 2017-08-25 12:36 | Report Abuse

Still not convincing.

KL_82

65 posts

Posted by KL_82 > 2017-08-25 12:39 | Report Abuse

Once my family and I plan to travel to europe, our flight will be at Changi because we stay in JB. Call tunepro enquire about the insurance, i were informed they are unable to cover my family and I because our flight is in Changi even our journey begins in JB by land transport.

After that i contacted MISG, they do cover my situation. The next day i sold tunepro at 1.5x and never return again.

abang_misai

2,551 posts

Posted by abang_misai > 2017-08-25 12:56 | Report Abuse

Even if it doesn't back to IPO's price, who cares? I'm here to enjoy yearly dividend or 5% as my cost is around RM0.991.

KL_82

65 posts

Posted by KL_82 > 2017-08-25 13:04 | Report Abuse

What make u think eps 1.7x cent per quarter can support annual dividen 5cents? Money from air Asia?

free2invest

1,748 posts

Posted by free2invest > 2017-08-25 14:11 | Report Abuse

KL_82, Tunepro should learn from the mistake and improve it. However, I think they seem like lack of motivation to do so. Just look at their products range. it makes people feel that it goes no way and all are the same things, not innovative as AirAsia's. How do you want people to buy their insurance products.

These could be the personnel problems. Hope the new seniors will make the change.

limch

3,184 posts

Posted by limch > 2017-08-25 15:44 | Report Abuse

Anyone know when can AAX ever pay dividend?

limch

3,184 posts

Posted by limch > 2017-08-25 15:56 | Report Abuse

CIMB give buy call here but sell call on AAX. Is Tune cash the different from AAX?

limch

3,184 posts

Posted by limch > 2017-08-25 15:59 | Report Abuse

If can maintain 4-5 sen yearly dividend is Tune bad?

小鱼

59 posts

Posted by 小鱼 > 2017-08-26 10:58 | Report Abuse

Tunepro used to give around 48% of their earning so you estimate how much dividend they will give in the next term la.

limch

3,184 posts

Posted by limch > 2017-08-28 14:49 | Report Abuse

28-Aug-2017 Insider Notice of new substantial holder - RIVER AND MERCANTILE ASSET MANAGEMENT LLP on 23-Aug-2017.
https://klse.i3investor.com/servlets/stk/5230.jsp

limch

3,184 posts

Posted by limch > 2017-08-28 14:49 | Report Abuse

New 5% shareholder. Angmo?

Posted by HoldingKing > 2017-08-28 16:43 | Report Abuse

Ya weyh, Ang Mo Funds. haha

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2017-08-29 06:41 | Report Abuse

Two months to go, be patient.

gsi723

907 posts

Posted by gsi723 > 2017-08-29 18:45 | Report Abuse

98cent tomorrow? A.Asia announcement should be no impact to tune?

Posted by HoldingKing > 2017-08-29 23:36 | Report Abuse

This paperplane bullshet one. When fall few he said run when up a bit he say buy. I seen him at ANNJOO forum. No people likes him.

Booyeah

365 posts

Posted by Booyeah > 2017-08-30 12:51 | Report Abuse

tunepro- recently all bad news have been out (changes of insurance policy, high motor vehicle claims) and it was reflected the current price. recently funds are buying it. short term target of 1/20/

Booyeah

365 posts

Posted by Booyeah > 2017-08-30 12:51 | Report Abuse

short term target 1.20/1.30 shouldn't be a problem

paperplane

21,644 posts

Posted by paperplane > 2017-08-30 13:00 | Report Abuse

No need tunepro lousy company anymore. Buy AirAsia holdings terus

Posted by WarrenColdeye > 2017-08-30 14:17 | Report Abuse

Aa revenue new high record, coming qtr holiday season revenue should be another new high. Supposed TunePro should do well.. cheers!

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2017-08-31 12:26 | Report Abuse

Still strong support at this level. Sabar first.

BN_menang

2,982 posts

Posted by BN_menang > 2017-09-03 20:43 | Report Abuse

Transport Ministry willing to study extra insurance for air travellers

Read more at http://www.thestar.com.my/news/nation/2017/09/03/transport-ministry-study-need-for-extra-airline-insurance/#fStboP2BwpML6ETt.99

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2017-09-04 20:49 | Report Abuse

Haha, compulsory travel insurance, they got too much free time and $ to spend for this kind of useless and unnecessary study. Free market is up to individual to decide and shoulder their own risk. Motor driving license also unable to resolve.

gsi723

907 posts

Posted by gsi723 > 2017-09-05 18:43 | Report Abuse

seem that tune has a firm support at this level...... check what is river mercantile ?

Yew Fei

118 posts

Posted by Yew Fei > 2017-09-06 01:18 | Report Abuse

Aware!!! i have seen mr joker Flintstones share his opinion about most of the counter , and i found it most of it is just a bull shit , very smelly !

limch

3,184 posts

Posted by limch > 2017-09-06 12:29 | Report Abuse

Travel insurance must be made compulsory.

rlch

4,140 posts

Posted by rlch > 2017-09-07 10:14 | Report Abuse

CIMB stocks tip?

rlch

4,140 posts

Posted by rlch > 2017-09-07 10:16 | Report Abuse

AA fans please come here for more gain than AA itself.

rlch

4,140 posts

Posted by rlch > 2017-09-07 10:28 | Report Abuse

Now biz is 1/3 AirAsia if travel insurance(TI) become compulsory TI can gain 3X more?

Posted by GreatWarrants > 2017-09-07 10:37 | Report Abuse

Tunepro - CN best warrant

Posted by GreatWarrants > 2017-09-07 12:17 | Report Abuse

First target 5 sens TUNEPRO - CN

BabyTA

590 posts

Posted by BabyTA > 2017-09-07 12:22 | Report Abuse

just letting you all know to not believe anyone's TP

GreenTrade

647 posts

Posted by GreenTrade > 2017-09-07 12:57 | Report Abuse

Minimum tp 1.50 :)

cckkpr

219 posts

Posted by cckkpr > 2017-09-07 14:22 | Report Abuse

Only regret is not buying below RM1.00. Just dont have any more bullets.

rlch

4,140 posts

Posted by rlch > 2017-09-07 15:14 | Report Abuse

Even RM 1.15 hard to cross when can reach MIDF RM 1.47 or CIMB RM 1.71?

rlch

4,140 posts

Posted by rlch > 2017-09-07 15:19 | Report Abuse

My IB like AA but why don't like Tune? Unaware?

rlch

4,140 posts

Posted by rlch > 2017-09-07 15:24 | Report Abuse

3 Tune for 1 AA sure TIH better buy.

ooihk899

2,057 posts

Posted by ooihk899 > 2017-09-07 16:19 | Report Abuse

Hope can move past 1.2 soon.

pilot20

138 posts

Posted by pilot20 > 2017-09-07 16:30 | Report Abuse

be patient, tunepro found it's base and is in recovering mode

BBgsold

227 posts

Posted by BBgsold > 2017-09-07 16:34 | Report Abuse

coming....

Force

1,418 posts

Posted by Force > 2017-09-07 16:34 | Report Abuse

I have no chance to in yet.keep moving up .. I wait for adjustment .Hope coming soon

Force

1,418 posts

Posted by Force > 2017-09-07 16:35 | Report Abuse

How come like that

Force

1,418 posts

Posted by Force > 2017-09-07 16:36 | Report Abuse

Sure will drop back, I don't believe got stock can keep flying

Posted by HoldingKing > 2017-09-07 18:39 | Report Abuse

U dream la Force, it wont drop back to 1.10 dy maybe up to 1.24 drop to 1.2

Force

1,418 posts

Posted by Force > 2017-09-07 19:44 | Report Abuse

Nothing is impossible

rlch

4,140 posts

Posted by rlch > 2017-09-08 07:24 | Report Abuse

MIDF TP RM 1.47.

Tune Protect - Expect Earnings Recovery In 2HFY17
Date: 22/08/2017

Source : MIDF
Stock : TUNEPRO Price Target : 1.47 | Price Call : BUY
Last Price : 1.15 | Upside/Downside : +0.32 (27.83%)

Back

Earnings below estimates
Lower PAT in 2QFY17 attributable to higher claim cost in Motor and soft demand from travel insurance business
Company’s initiatives showed solid progress
Travel insurance business is expected to recover by the end of FY17
Maintain BUY with unchanged TP of RM1.47
Earnings below estimates. The company recorded 6MFY17’s earnings at RM26.80m, which accounted for 35.4% and 37.7% of ours and consensus’ full year forecast respectively. However, we had expected 2QFY17 to be challenging. This led 1HFY17 earnings to decline by - 50.2%yoy. On quarterly basis, 2QFY17’s PAT declined by -54.6%yoy.

Higher claim cost in Motor. The drop in earnings was mainly driven by higher claim cost in motor segment. This led to the increase in company’s overall combined ratio of 94.7%, +23.5ppt higher than in 2QFY16. Travel insurance business continued its downtrend mainly due to the effect of MAVCOM’s opt-in ruling.

Positive growth in GWP. Despite the drop in earnings, 2QFY17’s GWP growth advanced +11.4%yoy, mainly driven by Motor, Offshore Oil & Engineering, and Travel from B2B in the Middle East Market. The overall take-up rate from Global Travel business segment trended marginally higher, +0.2ppt sequential increase to +9.9% in 2QFY17. Management expected the rate to reach 15.0% in 2HFY17, as it extended its product bundling to more markets starting in the 3QFY17.

Partnership with Cambodia Angkor Air. The company secured its 4th airline partnership with Cambodia Angkor Air. It is slated to commence in 3QFY17, and expected to contribute higher premium income to the company’s overall Global Travel business. Additionally, transformation initiatives are showing positive signs with few products already underway such as Tune Protect Motor Easy. Among other initiatives, the company is also expected to launch its mobile application, concentrating its focus on acquiring more customers in the mass retail space. We opine that the company’s early attempt to reach out to customers via the digital space will leave a positive impact, which we expect coming in FY19 earnings. We believe that it will provide sustainable growth to its long term earnings’ stream due to the benefits of first mover’s advantage.

Source: MIDF Research - 22 Aug 2017
https://klse.i3investor.com/servlets/ptres/41745.jsp

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