Posted by Victor Yong > 2019-10-09 15:10 | Report Abuse

tune is a good buy with all the target prices far exceeded the current market price. IPO price was RM1.55, at 55sen, `1/3 of IPO price, worth investing with new Group CEO plus New Company Level CEO this year, 2 new CEOs to achieve better performance for tune

Posted by Victor Yong > 2019-10-09 15:11 | Report Abuse

this real forecast by MID, AMINVEST & affinhwang

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
22/08/2019 0.65 0.92 +0.27 (41.54%) BUY MIDF
22/08/2019 0.65 0.72 +0.07 (10.77%) HOLD AmInvest
22/08/2019 0.65 1.10 +0.45 (69.23%) BUY AffinHwang

Posted by alexsee > 2019-10-09 15:38 | Report Abuse

okay, will average down again when it reach 0.45.. hope it's not an rotten apple.. :)

Posted by Victor Yong > 2019-10-09 15:51 | Report Abuse

吉隆坡21日讯）受管理开销增加，以及汽车和火险净索赔增加影响，TUNE保障（TUNEPRO,5230,主板金融服务组）截至2019年6月30日第二季净利减少16.42%至1070万8000令吉，拖累上半年净利减1.14%至2905万令吉。

次季营业额下滑11.89%至1亿2446万1000令吉，拉低6个月累积营业额11.64%至2亿5112万6000令吉。

TUNE保障首席执行员邱爱玲透过文告表示，尽管第二季营运营业额和净利按年下跌，但强调GAIN转型支柱计划（前进东盟、亚航生态系统、科技保险能力和国家业务）依旧上轨，中期有望强化集团作为区域领先数码保险公司地位。

“集团预见区域经济和保险市场将持续严峻，为推动未来业务增长，将继续强化GAIN转型支柱计划，以及善用科技保险来提高核保与其他收入表现。”

Posted by Victor Yong > 2019-10-09 15:52 | Report Abuse

目标价：87仙



最新进展：

保费减少、佣金及管理成本增加，导致TUNE保障（TUNEPRO，5230，主板金融股）2019财年次季净利，按年下跌16.42%至1070万8000令吉，仍宣布每股派息3仙。

次季营业额报1亿2446万1000令吉，下跌11.89%。

累计首半年，TUNE保障净利滑落1.14%，至2905万令吉；营业额减少11.64%至2亿5112万6000令吉。

行家建议：



TUNE保障首半财年核心净利报2870万令吉，符合预期，分别占我们与市场的全年预测的51.7%和46.3%。

该公司近期与越南其中一家最大保险公司Bao Viet签署数字合伙协议，在当地通过TUNEPRO平台经销旅游保险计划，估计将在第三季推介，可增加额外服务费的收入。

同时，管理层指已在4个关键市场推出实时的动态定价，结果令人鼓舞，次季占亚航集团（AIRASIA，5099，主板消费股）所有旅游保险业务的3%。

管理层透露，上半财年普险总保费按年跌1.7%，所以我们相信普险领域的挑战仍然严峻，尤其是车险，归咎于价格竞争与索赔率高。

因此，估计车险业务将拖累保费增长与续险率，主要焦点将落在旅游保险与非车险业务。我们维持财测，并保持“买入”和87仙目标价，相等于下财年账面价值1.1倍。

Posted by Victor Yong > 2019-10-09 16:02 | Report Abuse

FOR IMMEDIATE RELEASE
Kuala Lumpur, 21st August 2019
2
The business portfolio restructuring initiative aimed at achieving the preferred portfolio mix of
Motor (30%) and Non-motor (70%), is part of the Group’s strategy to ensure the sustainability and
profitability of its Malaysian General Insurance business. While TPM prudently manages its motor
portfolio, it is also focusing towards growing the non- motor segment, specifically in retail, affinity
and small medium enterprises/industries.
Encouraging B2B Travel business cushioned decline in TPR revenue
Meanwhile, TPR recorded a lower quarterly GWP, down by 15% YoY at RM23.5 million, while
first half GWP was down by 17.9% YoY at RM46.6 million. TPR’s quarterly PAT declined to RM9.2
million (down 24.3% YoY) and first half PAT dropped to RM21.7 million (down 10.2% YoY). The
decline in GWP was partly due to the impact on the modification of TPR’s travel partner’s webpage
user interface and user experience design, though the real-time optimisation of travel insurance
aided in alleviating the overall impact, while the decline in PAT corresponded to the lower GWP.
Nevertheless, TPR saw encouraging EMEIA (Europe, Middle East, India and Africa) sales via its
Business-to-Business (‘B2B’) channel, with key markets like the United Arab Emirates and Saudi
Arabia registering compelling growths.
Overseas Ventures continued growth momentum
The Group’s share of results from Overseas Ventures was RM2.5 million for the first half of 2019,
translating into a 96.1% YoY growth. The TP EMEIA operations continued to see good traction in
its B2B channel while TPT enjoyed growth in the non-motor segment.
“While we recognise that the Group’s second quarter OR and PAT are lower YoY (on par if on a
normalised basis), we reiterate that GAIN is on track and poised to enhance our position in the
medium-term as a leading digital insurer in the region,” said Khoo Ai Lin (‘Ai Lin’), Group Chief
Executive Officer of Tune Protect.
Since the introduction of GAIN earlier this year, the Group has seen growing traction in each of
its four transformation pillars – (Go ASEAN, AirAsia ecosystem, Insurtech capabilities and
National business).
Go ASEAN
The Group’s business outlook in ASEAN remains bright with the successful signing of a
partnership agreement with BaoViet, the largest general insurance company in Vietnam.
Currently, integration works are underway in anticipation of the launch in 3Q2019.
The Group’s General Insurance business in Thailand has sealed the deal with TieThai to distribute
Travel Insurance with visa-on-arrival via its mobile application.

Posted by Victor Yong > 2019-10-09 16:03 | Report Abuse

AirAsia Ecosystem
Since the implementation of the revenue optimisation initiative leveraging machine learning
capabilities in several key markets, the Group has started to yield positive results with the initiative
contributing to 3% to the overall AirAsia Travel protection business in 2Q2019.
The Group is also looking at other insurance revenue and optimisation initiatives on the airline
booking platform.
During the 2Q2019, activation of the AirAsia Travel & Service Centres (ATSC), one of the offline
channels took place in Vietnam, Macau and the Philippines, whereby Travel insurance is now
distributed by the ATSCs. Plans are underway to rollout offline channels in Thailand, China and
Indonesia in 4Q2019.
The Group will further align its structure to maximise and leverage on the relationship with the
AirAsia ecosystem in growing its businesses.
Insurtech Capabilities
Tune Protect continues to mark stronger presence in the insurtech space, having recently
established its insurtech arm, White Label. The Group expects to consolidate all its homegrown
digital assets under one roof, with White Label playing a vital role in monetising the group’s
technology assets moving forward.
The partnership with BaoViet is the first digital partnership where BaoViet will leverage on the
Group’s insurtech capabilities to grow its presence in the Vietnam market.
National Business
The Malaysia entity looks to grow its retail non-motor and SME/SMI segments. In May, it
introduced Business Shield which is catered to business owners and distributed by its agency
force, and in August, Pay-As-You-Drive was officially launched and is now available for purchase
through agency channel and online at www.tuneprotect.com . Soon, TPM will be launching a
new Motorist Personal Accident insurance product.
Forging Forward
The Group foresees that the economic and insurance landscape will continue to be challenging
in the region. To drive future growth, the Group will intensify its efforts on delivering its key
transformational pillars in ASEAN business, AirAsia ecosystems, insurtech capabilities andnational business to contribute towards underwriting profits and other incomes leveraging on
Insurtech.
In pursuit of being a leading digital insurer, the Group commits to strengthening its Insurtech
capabilities by growing key expertise and expanding the team, in preparation towards monetising
its digital and technology assets in the region.
“It is critical for us to strengthen the Group’s technology and Insurtech capabilities, as they can
help the Group to understand our customers and markets better, to stay relevant, and to compete
better in this crowded industry. Moving forward, we will be expanding our presence in ASEAN,”
Ai Lin concluded.

Posted by Victor Yong > 2019-10-09 16:19 | Report Abuse

Good to invite the korean investors again at current cheap price :)

Entry of South Korean investor in Tune Protect could remove overhang, accelerate growth — UOB Kay Hian
Sulhi Azman
/
theedgemarkets.com

September 11, 2017 15:09 pm +08



-A+A
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 this news report is true, we view this positively,” UOB Kay Hian analyst Keith Wee Teck Keong said in a note to clients today, as the broker kept a “Buy” call on the stock, with a target price of RM1.40.

“As such, securing a strategic partner to dispose their stake to would be viewed positively by the market, as it removes any potential share overhang from open market disposal, and also helps the group to bring in a potential strategic shareholder who can add further value to help accelerate its overseas business expansion strategy,” Wee added.

Wee’s remark was following a report by The Edge Weekly, which had — in its latest issue — said a South Korean investor is keen to take up a stake in Tune Protect and consequently, could emerge as a substantial shareholder “soon”.

The entry of the South Korean party could be via the sale of stake by Tune Protect’s controlling shareholders — Tan Sri Tony Fernandes and Datuk Kamarudin Meranun — both of whom collectively own an indirect stake of 29.42%.

In Tune Protect, Fernandes and Kamarudin hold a combined direct stake of 16.64% via their private vehicle, Tune Group Sdn Bhd. Filings with Bursa Malaysia revealed Tune Group has been gradually disposing its stakes in the open market.

Since June 2015, speculation was rife that Tune Group was considering disposing some of its stake, as it mulls to review their broader strategic investment direction, while complying with the regulator’s directive in limiting individual shareholding limit to not more than 10%.

While the insurer is said to dispose part of its stake, UOB Kay Hian noted it will not “jeopardise the group’s crucial tie-up with AirAsia Bhd”, with the latter to remain a key shareholder in Tune Protect, owning around a 13.7% stake.

This, said the brokerage firm, was as Tune Protect had an exclusive tie-up agreement with AirAsia, which will expire from 2022 to 2027, helping to secure Tune Protect’s interest.

At the same time, UOB Kay Hian’s Wee noted AirAsia also places great emphasis on expanding its ancillary income, with travel insurance — through Tune Protect — being part of its long-term ancillary income growth strategy.

At noon-break today, shares in Tune Protect rose 4 sen or 3.45% to pause at RM1.20, valuing the insurer at a market capitalisation of RM751.76 million.

Posted by Victor Yong > 2019-10-09 16:58 | Report Abuse

if tony announces that talk with korean investors will restart then the share price will fly also, especially if he delegates the duty to his korean wife :)

Posted by Orson Chin > 2019-10-09 17:50 | Report Abuse

All keep disposal ....

Posted by Victor Yong > 2019-10-09 21:19 | Report Abuse

:)

TUNEPRO (5230): TUNE PROTECT GROUP BHD - Overview | I3investor


TUNE PROTECT GROUP BHD
Last Price Today's Change
0.55 -0.005 (0.90%)

Board: MAIN
Sector: Finance
Avg Volume (4 weeks): 1,068,110
4 Weeks Range: 0.545 - 0.64
52 Weeks Range: 0.525 - 0.765
Average Price Target: 0.86
Price Target Upside/Downside: +0.31
Tune Protect Group Bhd is a Malaysia investment holding company that underwrites and reinsures non-life insurance products through its subsidiary companies. The group is organized into five major business segments, investment holding, and others, funds managed through collective investment schemes, general reinsurance, life reinsurance and general insurance business. The company has two general insurance businesses, Tune Insurance Malaysia Berhad as well as an associate company, Tune Insurance Public company Limited, located in Thailand. Both offer a range of products while also underwriting travel businesses in their respective countries. The company generates the majority of its revenue from general insurance business segment.
Date Close
09/1/2019. 0.55
08/10/2019 0.555
07/10/2019 0.55
04/10/2019 0.56
03/10/2019 0.565
02/10/2019 0.565
01/10/2019 0.585
30/09/2019 0.58
27/09/2019 0.585
26/09/2019 0.585
25/09/2019 0.575
24/09/2019 0.58
23/09/2019 0.59
20/09/2019 0.59
19/09/2019 0.60
18/09/2019 0.605
17/09/2019 0.61
13/09/2019 0.61
12/09/2019 0.61
11/09/2019 0.635

Posted by Victor Yong > 2019-10-09 21:20 | Report Abuse

:)

The company generates the majority of its revenue from general insurance business segment.

Posted by Victor Yong > 2019-10-09 21:21 | Report Abuse

Board: MAIN
Sector: Finance
Avg Volume (4 weeks): 1,068,110
4 Weeks Range: 0.545 - 0.64
52 Weeks Range: 0.525 - 0.765
Average Price Target: 0.86
Price Target Upside/Downside: +0.31

Posted by Good123 > 2019-10-10 08:09 | Report Abuse

Hope the 2 new group CEO and CEO will deliver results within 2 years, I dont expect magicians

Posted by Good123 > 2019-10-10 08:10 | Report Abuse

At current price level, reached bottom already, with news/rumour e.g. korean investors are back etc, it could fly suddenly. Fingers crossed

Posted by Ncm88 > 2019-10-10 08:21 | Report Abuse

Not yet, fund havent dump finish

Posted by Victor Yong > 2019-10-10 09:07 | Report Abuse

tony also rejoined the board of tune pro... :)

5230 TUNEPRO TUNE PROTECT GROUP BERHAD
Change in Boardroom

Date of Change: 01/07/2019
Type of Change: Appointment
Designation: Others
Directorate: N/Ind & N/Exec
Name: ANTHONY FRANCIS FERNANDES
Age: 55
Country:
Nationality: Malaysia

Qualifications:



Working Experience and Occupation:
1. AIRASIA GROUP BERHADNon-Independent Executive Director and Group CEO(2018 to Present)2. AIRASIA X BERHADNon-Independent Non-Executive Director(2006 to Present)3. AIRASIA BERHADNon-Independent Executive Director and GroupCEO (2001 to 2018)4. WARNER MUSIC SOUTH EAST ASIAVice President (1999 to2001)5. WARNER MUSIC SOUTH EAST ASIARegional Managing Director (1996 to 1999)6.WARNER MUSIC MALAYSIAManaging Director (1992 to 1966)7. WARNER MUSICINTERNATIONAL LONDONSenior Financial Analyst (1989 to 1992)8. VIRGINCOMMUNICATIONS LONDONFinancial Controller (1987 to 1989)


Directorship of public companies (if any):
(1) AirAsia Group Berhad(2) Airasia X Berhad


Family relationship with any director and/or major shareholder of the listed issuer:
NIL


Details of any interest in the securities of the listed issuer or its s

Posted by Victor Yong > 2019-10-10 09:09 | Report Abuse

current price is lower than ESOS price :)

OTHERS TUNE PROTECT GROUP BERHAD ('TPG' OR 'THE COMPANY') - OFFER OF EMPLOYEES' SHARE OPTION SCHEME ("ESOS")
TUNE PROTECT GROUP BERHAD

Type Announcement
Subject OTHERS
Description TUNE PROTECT GROUP BERHAD ('TPG' OR 'THE COMPANY') - OFFER OF EMPLOYEES' SHARE OPTION SCHEME ("ESOS")
Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of TPG wishes to announce that the Company has on 13 September 2019, offered the ESOS for a period of five (5) years to eligible persons under its ESOS, the details of which are as follows:-



Date of offer

:

13 September 2019

Exercise price of ESOS shares offered

:

RM0.56

Number of ESOS shares offered

:

500,000

Market Price of TPG shares on the date of offer

:

RM0.610



This announcement is dated 13 September 2019.

Posted by Victor Yong > 2019-10-10 09:14 | Report Abuse

tony is back on board, 2 new CEOs (Group & Company Level) appointed this year, must be serious to improve, etc :)

Posted by Victor Yong > 2019-10-10 09:21 | Report Abuse

better late than never, tony started to pay attn to tune pro by rejoining the board :)

Friday, 28 Jun 2019

6:00PM TUNEPRO Appointment of ANTHONY FRANCIS FERNANDES As Others

6:00PM TUNEPRO Cessation of KAMARUDIN BIN MERANUN As Others

Posted by Victor Yong > 2019-10-10 09:23 | Report Abuse

With tony and 2 new CEO this year, expecting better performance in the coming years :)

Wednesday, 21 Aug 2019

6:25PM TUNEPRO 1H net profit 31.738 million (increased 0.27%)


Tuesday, 28 May 2019

5:45PM TUNEPRO 1Q net profit 20.150 million (increased 10.42%)

Posted by ahbah > 2019-10-10 09:24 | Report Abuse

River n Persaraan are dumping TunePro non stop like rotten fish !

Posted by firehawk > 2019-10-12 13:55 | Report Abuse

what a miserable thing ... tf pls do something!

Posted by firehawk > 2019-10-14 16:22 | Report Abuse

rebounds ....

Posted by alexsee > 2019-10-14 16:30 | Report Abuse

hmm.. real or fake rebounds?? i think 2 funds still not finish selling...

Posted by RJ87 > 2019-10-14 19:11 | Report Abuse

need to improve liquidity. Fund releasing the shares is a good move to increase liquidity.

Else, market difficult to move.

Posted by RJ87 > 2019-10-15 17:54 | Report Abuse

Keep selling and keep collecting.

Posted by Ncm88 > 2019-10-15 18:36 | Report Abuse

Wait for the second support to form before entering

Posted by shpok4574 > 2019-10-15 18:49 | Report Abuse

RJ87, TP what price?

Posted by RJ87 > 2019-10-16 23:29 | Report Abuse

This one hold super long term. Some counters, u buy and forget. This is one of them.

Swing traders. That’s way. ————> knm, vis, armada.

All got liquidity with reasonable margin of safety.

Posted by RJ87 > 2019-10-17 10:23 | Report Abuse

Shpok, u sapu ar? Made me bought slightly higher.

Posted by junnian0814 > 2019-10-17 12:58 | Report Abuse

I stayed at this condo 3 months d now seems not bad ya.

Posted by RJ87 > 2019-10-17 14:11 | Report Abuse

Start collecting PE dividend paying counter.

I think even if MyCC fines Tunepro, they can handle it and already priced in from the plunge from RM1.

Posted by babyqueen > 2019-10-18 09:42 | Report Abuse

rebounding

Posted by alexsee > 2019-10-18 09:50 | Report Abuse

congrats those dare to collect at 0.54-0.55 and still holding :) don't chase now, price is little high:)

Posted by RJ87 > 2019-10-18 10:39 | Report Abuse

When it's trading at 75sen, then u will find 60sen cheap. =D

Posted by RJ87 > 2019-10-18 10:40 | Report Abuse

Then, u will be thinking why u listened to alexsee.

The assessment should be on downside risk and upside reward.

Posted by yangxi > 2019-10-18 10:51 | Report Abuse

my average cost RM1. how say ya..

Posted by junnian0814 > 2019-10-18 17:09 | Report Abuse

very painful. i think you need to wait for break even.

Posted by yangxi > 2019-10-18 22:52 | Report Abuse

Dividend Yield (%)
: 4.96

saving lor~~

Posted by warchest > 2019-10-19 07:05 | Report Abuse

I bought at many different entry prices. From 55 to 60 cents, now slowly reaping reward. This is the cheapest growing insurance company in Malaysia tapping on many catalysts

Posted by Spice828 > 2019-10-19 15:20 | Report Abuse

I bought at average price below 0.60 which will give me at least 5% dividend. With the new management team and support from parent company, this company will grow in near future.

Posted by shpg22 > 2019-10-19 16:14 | Report Abuse

Ya..they have been saying that 3 years ago. Good luck

Posted by warchest > 2019-10-19 18:59 | Report Abuse

No worries, my price and with at least 5% dividend per year. Is a good deal

Posted by RJ87 > 2019-10-20 00:28 | Report Abuse

then buy for the 5-6% dividend yield and keep it.

and improvement from the management as bonus.

Go read up on revenue from insuretech and how their JV will benefit Tunepro.

Posted by Value9 > 2019-10-24 10:30 | Report Abuse

power up.

Posted by Value9 > 2019-10-24 11:11 | Report Abuse

hope can break 0.615 today.. wait show

Posted by Value9 > 2019-10-29 10:32 | Report Abuse

airasia gap up . tunepro will follow ?

Posted by Jeffreyteck > 2019-10-31 10:08 | Report Abuse

Really no idea why borrowings is huge. If revenue remains down trend, coming Q bottom line is challenging.

Posted by junnian0814 > 2019-10-31 12:42 | Report Abuse

Hmm...we should bring it to agm to ask.