Posted by Good123 > 2020-07-29 11:41 | Report Abuse



The eight-year-old startup said its funding round was led by a “global financial institution” and included existing investors, such as early backer East Ventures

SINGAPORE: Traveloka, South-East Asia’s largest online travel app, announced on Tuesday it had raised US$250mil to help bolster its operations amid the coronavirus crisis, and as domestic travel starts to pick up in the region of 650 million people.

The eight-year-old startup said its funding round was led by a “global financial institution” and included existing investors, such as early backer East Ventures.

Traveloka, which claims more than 60 million downloads, has been battered by the virus outbreak, as Southeast Asian countries shut borders and imposed strict lockdowns, throttling a previously booming tourism industry.

The startup cut jobs, with one of its affiliates, Indonesian hotel aggregator Airy Rooms, shutting down.

But as domestic travel restrictions start to ease in the region, the Jakarta-based firm’s chief executive said it “was seeing an encouraging recovery across its key markets” due to a resurgence in travel and activity bookings by local holiday-makers.

“Our business in Vietnam has returned to 100% pre-Covid-19 level and Thailand has surpassed 50% pre-Covid level, ” Traveloka co-founder and CEO Ferry Unardi said in a statement.

He noted that both Indonesia and Malaysia were also seeing “strong week-to-week improvement”.

Thai authorities unveiled in June a US$722mil subsidy to spur domestic travel, while both Vietnam and Singapore have announced extensive local tourism promotion campaigns.

The Indonesian resort of Bali plans to re-open to local tourists this week and to international travellers on Sept 11. According to Unardi, Traveloka will use the new funding to bolster its balance sheets and boost its domestic travel offerings as well as its financial offerings.

A source with knowledge of the matter told Reuters that the lead investor on the round was the Qatar Investment Authority (QIA), Qatar’s state-owned holding company.

A spokeswoman for Traveloka declined to comment on whether QIA had joined the deal or on Traveloka’s valuation.

QIA did not immediately respond to requests for comment. Earlier backers include US travel giant Expedia, Chinese online retailer JD.Com and Singapore state wealth fund GIC Pte Ltd. — Reuters

Posted by Good123 > 2020-07-29 13:31 | Report Abuse

Coronavirus: AstraZeneca ready to supply potential vaccine in September - BBC News

21 May 2020 · Drugs giant AstraZeneca has announced it is ready to provide a potential new coronavirus vaccine from September.

Posted by Victor Yong > 2020-07-29 15:12 | Report Abuse

Will recover. Profitable unlike air Asia and aax

Posted by Good123 > 2020-07-29 15:48 | Report Abuse

buy on other punya fear

Posted by Good123 > 2020-07-29 15:49 | Report Abuse

target price for AirAsia by mbb was 92sen released this month too.

Not a great start but downside risk narrowing, in our view
1Q20 core net loss was below our expectations. We slash our FY20E and FY21E estimates to reflect core net losses and nil dividends. That said, we take heart that AAGB has resumed flights in five of six countries that it operates in and fares are rising. We cut our TP to MYR0.92 on 1.4x FY21E P/BV (post-2013 12M forward P/BV mean) from MYR1.56 on 8x FY20E PER. With 3% upside potential, we upgrade AAGB to HOLD from SELL. With this report, we transfer coverage to Shao Yang.

Posted by Good123 > 2020-07-29 15:53 | Report Abuse

may happen this year. AirAsia is desperate for cash :)

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 Good123 > 2020-07-29 16:04 | Report Abuse

TUNEPRO Financial Information

Market Capital (RM)206.73m Number of Share 751.76m EPS (cent)*4.63 P/E Ratio5.94 ROE (%)6.26 Profit Margin (%)10.15y CAGR - Revenue (%)2.55y CAGR - PAT (%)-6.9 NTA (RM)0.740P/B Ratio0.37

Posted by Good123 > 2020-07-29 16:05 | Report Abuse

bull run in June will help Q2 results from investments :)

TUNEPRO Quarter Report History

FYNo.RevPBTPATEPSYoYDec201122,3563,5772,5000.3386%Dec194125,83212,28510,6381.421%Dec193123,84316,32110,9891.4620%Dec192124,46110,74710,7081.4216%Dec191126,66522,29518,3422.4411%

Posted by Good123 > 2020-07-29 16:07 | Report Abuse

SHAREHOLDING

Posted by Good123 > 2020-07-29 16:08 | Report Abuse

https://www.tuneprotect.com/corporate/group/about-us/

Posted by alexsee > 2020-07-29 17:32 | Report Abuse

Victor, u are hard selling..haha.. waiting 0.18

Posted by markus > 2020-07-29 22:57 | Report Abuse

https://www.cnn.com/travel/article/air-travel-recovery-2024/index.html

Posted by Orson Chin > 2020-07-29 23:58 | Report Abuse

Erm... going to 0.20 soon.
Oversold

Posted by Good123 > 2020-07-30 08:04 | Report Abuse

“We advise investors to stay defensive and venture into selective cyclicals that offer deep value for those with higher risk appetites, ” Ng said.

Her team noted the five investment themes for the second half of 2020 were the 15th general election play; mergers and acquisitions and deep value; dividend yield play; Covid-19 beneficiaries and Covid-19 recovery play.

Posted by Good123 > 2020-07-30 08:31 | Report Abuse

boost tune protect travel insurance. KUALA LUMPUR (July 30): AirAsia Group Bhd is aiming to launch Muslim-friendly services including packages to perform the Haj and Umrah.

In the low cost carrier’s management discussion and analysis in its Annual

Posted by Good123 > 2020-07-30 08:34 | Report Abuse

(July 30): Asian stocks looked set for gains Thursday after a signal from the Federal Reserve that more stimulus will be provided boosted U.S. equities and weighed on the dollar.

Futures rose in Japan, Hong Kong and Australia. Contracts on the S

Posted by Good123 > 2020-07-30 09:02 | Report Abuse

Plenty of opportunities for higher-than-expected online growth.
While we do not think take-up rates can surge easily, there are other
opportunities, such as potential new consumer base coverage (i.e. new
partnerships to gain customers other than through Tune Group and
AirAsia), higher passenger growth, and stronger contributions from
countries where it could get better margins (i.e. Middle East, Australia), AirSalam with Qatar, etc

Posted by Good123 > 2020-07-30 09:19 | Report Abuse

Last date of each Financial Year Foreign Shareholdings Number of Shareholders
Financial Year 2015 23.57% 4,328
Financial Year 2016 25.25% 6,116
Financial Year 2017 19.90% 9,081
Financial Year 2018 15.09% 10,582
Financial Year 2019 12.18% 11,333

Posted by Good123 > 2020-07-30 09:36 | Report Abuse

LATEST NEWS

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SALAMAIR ADDS BAHRAIN TO ITS GCC NETWORK Read More ...

Posted by Good123 > 2020-07-30 09:57 | Report Abuse

Go ASEAN and Beyond
In 2019, we established several key partnerships not just in
ASEAN but in the Middle East as well. Our success in securing
these partnerships was largely underpinned by our internal
product innovation and insurtech solutions that we offered in
addition to Tune Protect Re’s core expertise as a niche travel
and lifestyle reinsurer. Our longstanding partnership with
AirAsia and a solid track record as the exclusive travel insurer for
AirAsia testifies to our competency and cements our standing
as a preferred partner of choice.
Last year, we described our further foray in Indonesia via
a partnership with local underwriter PT Asuransi Buana
Independent as well as the Association of Indonesian Tours and
Travel Agencies East Java (“ASITA”). Travel agencies registered
with our partner can offer lifestyle travel protection products to
their customers via an online B2B portal called “Ayoberasuransi”,
that is powered by our proprietary homegrown technology. The
Indonesian market will be a key contributor to our growth plans
given the immense potential its travel market offers. By 2021,
the number of outbound travellers from Indonesia is expected
to reach approximately 10.6 million trips up from the 7 million
outbound trips in 2016.
Via a partnership with BaoViet Insurance Corporation
(“BaoViet”), we have laid the foundation for our expansion into
Indochina. BaoViet is the first non-life insurance company and
the largest financial-insurance group in Vietnam. Following the
soft launch of this exclusive tie-up in October 2019, we have
seen promising traction underpinned by Vietnam’s dynamic
economic expansion and the rise of its middle-class segment. In
the first phase of this partnership, we offered 3 simple products
to BaoViet’s own employees; Flight Easy, Gadget Easy and
Travel Easy. The next phase will be BaoViet extending these
products to its customer base of 17 million – almost 15% of
Vietnam’s population.
We also provide enhanced customer experience by introducing
a flight delay instant claims notification feature for BaoViet’s
travel customers. Travellers who purchased flight delay cover
will be entitled to a payout if their flight is delayed by 2 hours
or more. They will receive an instant claims notification on their
mobile phones requesting for their bank account details for
immediate remittance of the payout.
On 30 December 2019, Tune Protect EMEIA started a partnership
with SalamAir, as part of our expansion in the Middle East.
SalamAir is Oman’s first low-cost carrier that flies to over 27
destinations across the Middle East, parts of Asia, Africa and
the Indian Subcontinent, carrying approximately 1.3 million
passengers in 2019.

Posted by Good123 > 2020-07-30 09:58 | Report Abuse

Through our network of underwriters, we offer travel protection
plans with a host of benefits such as overseas medical expenses,
travel cancellation, baggage and travel delays, and personal
accident, through SalamAir’s online ticketing portal. The travel
protection product is currently available in 4 key markets –
Oman, the UAE, Kuwait and Qatar. Recently SalamAir launched
a new channel for customers to buy flight tickets and travel
protection via their call centre.
The initial response has been positive, and we are encouraged
by SalamAir’s aggressive expansion plan to penetrate new
routes within the regions that it currently operates in.
In Thailand, Tune Protect Thailand commenced its partnership
with Srikrung, a company that runs the online aggregator
platform, 724insure, and TieThai, the provider of an e-visa-on-
arrival mini application on WeChat for China tourists inbound
to Thailand. These partnerships allow Tune Protect Thailand
to diversify its distribution framework with its direct travel
protection products now available for purchase via their
platforms in addition to the AirAsia booking platform and D2C
website.
Another lifestyle protection product that was launched in 2019
is paragliding cover, where we reinsure the personal accident
policy for tandem pilot and passengers or students of licenced
paragliding operators in several locations both in East and West
Malaysia. We are starting to see traction in this space as the
interest in paragliding in Malaysia both for locals and tourists is
burgeoning. Going forward, as we secure more of these types of
partnerships, we are confident of capturing mass retail market
share amongst young working adults that are both technology
savvy and who better appreciate the importance of insurance.
Recently, we have also ventured into the nano-insurance –
insurance products that are small bite-size and low in price.
An example of this venture is reinsuring personal accident and
medical insurance with a Malaysian e-scooter start-up operating
out of Cyberjaya. The nano insurance element is bundled with
the cost of renting the e-scooter. The pilot launch for this
e-scooter rental service was done in Cyberjaya and around
the universities located within Seri Iskandar, Johor and soon
expanding into other universities around the country.

Posted by Good123 > 2020-07-30 09:59 | Report Abuse

Insurtech Capabilities
At the Group and our Overseas Ventures, we take pride in being
the forefront of technological innovation. We are constantly on
the lookout for the next breakthrough in technology or innovation
that not only can disrupt the market but also improve the lives
of our customers. With this in mind, we have established White
Label (formerly known as Tune Direct (M) Sdn. Bhd.) to house
all our technology assets, intellectual property and information
technology personnel. By having all these resources under one
roof, we aim to empower this technology arm to better support
our general insurance arm and reinsurance business in their go-
to-market strategy. We currently have a dedicated hands-on
team ready to handle matters from 3rd party systems integration
right up to troubleshooting system issues without having to rely
on a 3rd party technology service provider.
One such technology that has enabled us to secure most of
our major partnerships outside of Malaysia is our travel pricing
platform known internally as ZEUS. The ZEUS system is a robust
platform that is currently being utilised by our airline partners.
ZEUS has an API that allows integration with any operating
system that a partner currently uses. This makes ZEUS highly
adaptable as it can easily be integrated with a partner’s operating
system within a very short span of time. It is also a robust and
highly scalable platform that easily handles our current digital
policy issuance of approximately 28,000 a day.
Earlier this year, the Company completed the disposal of Tune
Direct Ltd.’s entire equity stake in Laka Ltd. for a consideration
of £555,369.36. Laka Ltd. is a UK-based insurtech startup that
currently offers peer-to-peer (P2P) insurance coverage targeting
high-end bicycle owners.
The decision to divest our equity stake is aligned with our
digital transformation strategy whereby the Company intends to
channel the proceeds from the disposal towards strengthening
our own homegrown digital and technology capabilities. The
price at which we disposed our stake was 11% higher than the
price at which we initially acquired Laka Ltd. – translating into a
satisfactory return on investment.
In the past year we have stepped up our performance marketing
initiatives to better understand our customers’ purchasing habits
and this in turn has allowed us to better craft our advertisement
messaging and content to drive sales conversions. Our marketing
efforts have significantly helped us to manage our marketing
cost better as we can leverage real time data of how successful
a digital advertisement is. In just one year we have seen our D2C
channel increasing its premiums and policies issued by 29% and
14% y-o-y respectively.

Posted by Good123 > 2020-07-30 09:59 | Report Abuse

AirAsia Ecosystem
The Group has a long-term strategic partnership with AirAsia
which extends beyond the airline business, to encompass
digital and lifestyle arenas, across ASEAN and the wider AirAsia
ecosystem.
One of the successes of our partnership with AirAsia was the
Revenue Optimisation initiative for their signature Tune Protect
Travel - AirAsia product. We commenced revenue optimisation
for our 4 largest markets; Malaysia, Thailand, Indonesia, and
Singapore via AirAsia’s in-path online booking platform.
Revenue optimisation first explored multiple combinations of
content optimisation encompassing page layout, messaging,
and User Interface/User Experience (UI/UX) in March 2019,
before progressing to dynamic pricing optimisation in selected
markets, from June 2019 onwards. We executed multiple tests
to pre-determined segments to identify the most appropriate
product and price to the particular segments of customers.
We achieved an incremental revenue of RM2.9 million or 7%
of contribution to AirAsia GWP in these four markets for the
9 months of 2019.
The revenue optimisation initiative that integrates both the
platforms of AirAsia and the Group, provides valuable insight
to the travellers’ community in response to insurance product.
For the next phase of revenue optimisation, we expect to gain
even deeper learnings via more targeted campaigns, and we will
continue to improve our optimisation platforms and analytics
capability.
Offline is a more challenging channel to penetrate as it involves
coordinating and servicing AirAsia Travel and Service Centres
(ATSC) from various geographical locations, and this could prove
to be time-consuming and resource intensive. Nevertheless in
2019, we continued to make strides in opening up 5 new offline
markets – Vietnam, Macau, Bangladesh, Sri Lanka, and Maldives.
Our AirAsia Bundled product that we introduced in 2017 centres
on the twin unique selling points (USPs) of Baggage Delay and
1 Hour On-time Guarantee. We have seen a steady increase in
sales performance in tandem with the rise of AirAsia’s premium
fare sales of Value Pack, Premium Flex and Flatbed. Going
forward, we look to expanding our range of bundled products
to a wider range of AirAsia’s passenger segments.
In 2019, the Group achieved several firsts in terms of product
innovation. We rolled out several innovative travel and lifestyle-
related products including an annual travel plan for the frequent
traveller, baggage protection, and gadget cover on smart devices
and also introduced value add-ons on top of our travel insurance
such as free AirAsia WiFi and DoctorOnCall services. In addition,
we introduced a Shariah-compliant Travel Takaful product
especially for the offline market of AirAsia Indonesia. Besides
the comprehensive travel takaful plan for regular travels, AirAsia
Indonesia’s Mekah/Madina/Jeddah bound passengers can take
up the Umrah/Hajj travel takaful plan which offers customised
benefits such as Badal Haji, Qurban and Wakaf.
Rewarding customers as they journey with AirAsia and the Group
encourages customer loyalty and allows us to deliver more value
to customers. In May 2019, we introduced free Flexiroam 1GB
high speed data roaming for 3 days. This service is activated
both via physical sim or e-sim and can be used in more than
140 countries worldwide. The free roaming service is available to
Tune Protect Travel – AirAsia online customers.

Posted by Good123 > 2020-07-30 10:01 | Report Abuse

National Business
Portfolio Restructuring Strategies
Tune Protect Malaysia has embarked on several portfolio
restructuring strategies to rationalise the composition of our
motor portfolio and increase the portfolio mix of non-motor
businesses. The results have been favourable.
- Motor portfolio rationalisation
Under the motor rationalisation initiative, we channelled
our efforts to improve the mix of preferred segments in
our motor portfolio. We have achieved good growth in the
Motorcycle and Private Car Third Party Fire

Posted by Good123 > 2020-07-30 10:32 | Report Abuse

National Business
Distribution and Innovation
• Affinity partnerships
Collaborating with digital retail affinity partners is a key priority.
We constantly seek opportunities to work with partners that
have already amassed a large customer base from their existing
operations, or even with ambitious start-ups to build the future
together. We aim to create unique value propositions that can
either complement or elevate the partners’ existing offerings
and create wins for all parties. In January 2020, we are proud to
be the insurance partner for EcoWorld, offering three protection
plans to homeowners via the renowned property developer’s
community mobile application. The products offered on the app
include protection for Burglary, Smart Home Devices and Maid.
• New mobile application
We believe in investing for the future. With the increase in
mobile penetration in Malaysia and more businesses moving
into the e-commerce platform, our new mobile app which is
scheduled to be launched in 2020 is geared towards promoting
higher level of engagement with our policyholders. We aspire to
develop more lifestyle and on-demand pay-as-you-use products
that are easy to buy and convenient to claim.
In line with the Company’s vision of being the leading digital
insurer in the region, we will continue to explore and invest to
stay ahead in the realm of digital insurance.
• Agency Business
We will continue to strengthen the relationship with our valued
agency force to increase our market share in the preferred
classes of insurance. In this aspect, we will focus on enhancing
the partnerships and improving the quality of services rendered.
There will be more products and new functions incorporated
into our Tune Agency Online System (TAOS) to provide an
efficient business transaction environment for our agents. Tune
Protect Malaysia will continue to expand the agency force in
order to reach out further to the targeted market segments.
Sustaining business growth and profitability
We aim to achieve profitable and sustainable business growth. In
2020, our business strategies will be supported and complemented
with more new products, active pricing review, enhanced claims
management, and strengthened distribution partnerships.
Tune Protect Malaysia’s Capital Adequacy Ratio (CAR) has
increased favourably. This will allow us to embark on more business
opportunities to enhance shareholders’ returns.

Posted by Good123 > 2020-07-30 10:33 | Report Abuse

Last year we introduced the flight delay instant claims notification
feature in Vietnam via BaoViet. This feature has been well
received with customers providing feedback that the claims are
instantaneously remitted as soon as they submit their bank details
via a link provided. As mentioned earlier, plans are underway to
introduce this feature for AirAsia customers as well to enhance
their overall customer experience. We are also exploring the
potential of a flight delay instant claims pay-out feature whereby
once a flight delay happens exceeding the 2-hour timeframe, a
claim is immediately remitted to a customer’s e-wallet and a short
messaging service (“SMS”) is sent to inform them of the remittance.
As we look forward to launching our mobile application with buy
and claims functions this year, in addition to a revamped D2C
website that focuses on consumer experience, customers can look
forward to a refreshed user interface, simpler customer registration,
easy browsing, buying and claims submissions, and more. By
downloading this application either through the Google Play Store
or Apple App Store, users can purchase any of our current retail
products which are similarly available via our D2C website.

Posted by Good123 > 2020-07-30 10:34 | Report Abuse

Go ASEAN and Beyond
Digital Insurer
• Strive towards attaining
digital insurance license
Acquisition or JV or Strategic
Partnerships
• Capture emerging market
growth
• Win new regional airlines,
B2B and partnerships
Diversify
• Expand reinsurance business
beyond travel to a wider
retail/personal lines portfolio
• Offer solutions across
product, customer
experience and digitisation
G
AirAsia Ecosystem
Airline Business
• Enhance bundled plans
• Introduce new and differentiated products to
cater to wider segments of travelers
• Penetrate new markets and business verticals
Lifestyle and Digital Business
• Leverage on airasia.com to cross sell other
products in addition to travel across their new
key pillars of businesses
• Explore medical tourism and umrah market
opportunities
A
Insurtech Capabilities
Use of open APIs
• Extend technology
solutions to
insurance partners
and strategic
clients using open
APIs
Data driven
organisation
• Use data to drive
various AI/ML
models to serve
customers better
Cloud Technology
• Move towards
cloud to leverage
tools ecosystem
Product Innovation
• Core Modernisation
• Build capabilities to
deliver faster and
innovative products
across Line of
Business
I
National Business
Balance Portfolio Mix
• Focus on healthy motor :
non-motor mix
• Drive strong non motor retail
vs commercial business
Growth in Digital
• Strengthen digital retail
offerings
• Expand online to mobile for
D2C customers
New Initiatives
• Secure more affinity and
digital tie-ups
• Innovate and provide
complete solutions driven by
customer needs

Posted by Good123 > 2020-07-30 10:36 | Report Abuse

National Business
Portfolio Restructuring Strategies
Tune Protect Malaysia has embarked on several portfolio
restructuring strategies to rationalise the composition of our
motor portfolio and increase the portfolio mix of non-motor
businesses. The results have been favourable.
- Motor portfolio rationalisation
Under the motor rationalisation initiative, we channelled
our efforts to improve the mix of preferred segments in
our motor portfolio. We have achieved good growth in the
Motorcycle and Private Car Third Party Fire

Posted by Good123 > 2020-07-30 12:22 | Report Abuse

The main driver will be pent-up demand. The sheer size of its market distracts from the fact that when it comes to insurance density and penetration, China still ranks midfield in Asia, like Malaysia and Thailand.”

According to the report, insurers are being forced to adopt digital measures during the current pandemic that would otherwise have taken years to implement under normal circumstances. Client communications has been the key area of focus, with the lockdowns bolstering the popularity of online platforms and remote interactions. The applications have ranged from advertisements to real-time quotations.

The report says chatbots can be used to improve customer satisfaction by redirecting customers to the relevant departments. Text and image recognition can be used to eliminate human interaction, promote automation and reduce human error when filing claims while speech recognition technology can be used for authentication purposes and data mining.

“The increased use of analytics, automation and risk management will help the industry transform into a more customer-centric business. It will become increasingly important to create strategic alliances and partnerships to move away from being technology late adopters to becoming innovators,” it adds.

“Business strategies coming out of the crisis will make the insurance sector look fundamentally different. With the pandemic, we can expect a reshuffling of priorities in technology spending within the industry — not only at the product level or individual components of the value chain but across the entire value chain.”

Over the past decade, the persistent low-yield environment has continued to drag the demand for life insurance products in the global market, according to the report. In most cases, it has deterred savers from engaging in long-term maturing assets. As a consequence, life premiums have grown a meagre 2.7% annually in the last 10 years, with demand particularly weak in mature markets such as Western Europe (1.8%) and North America (1.1%).

“Insurers have changed their investment behaviour, with an emphasis on more alternative assets that earn illiquidity premiums and flexible product designs that allow for higher returns. Savers have recognised the ageing population trend and have realised that their retirement goals can be best achieved with long-term investments. Consequently, the life business rebounded in 2019 with a growth rate of 4.4%, almost double the previous year’s growth of 2.8%,” says the report.

Posted by Good123 > 2020-07-30 12:24 | Report Abuse

with the pandemic, less IT savvy insurance players might acquire tune protect to reduce the learning curve

Posted by Good123 > 2020-07-30 12:27 | Report Abuse

good for tune too. HONG KONG: Sun Life Financial Inc expects Asia’s contribution to its income to rise to about 25% in five to six years, from 18% now, driven by its push to sell insurance products via digital channels and higher demand after the coronavirus pandemic.

The Canadian insurer has recently ramped up its digital capabilities in some Asian markets, helping it cushion the impact of a slowdown in physical sales by agents amid virus-related lockdowns, the president for Sun Life Asia said.

It would further bolster its digital capabilities to tap into a growing awareness of life and health insurance products in a region where insurance density is quite low, Léo Grépin added.

“We think that is, and that’s going to be even more going forward, a competitive advantage, ” Grépin said.

Sun Life has a presence in seven markets in Asia, including China, Hong Kong, India, and the Philippines. Insurance firms in Asia mainly rely on their army of agents for sales, but regulators are now encouraging the use of digital tools to ease the challenges posed by the pandemic.

Asia is a promising market for global insurers due to the low penetration of insurance and fast-growing economies.

Insurance premiums as a percentage of gross domestic product in emerging Asia-Pacific markets was 3.89% on an average last year, versus 11.43% in the United States and 10.30% in Britain, a Swiss Re Institute report shows.

While an economic slowdown and a drop in income has created near-term challenges, the pandemic has also raised awareness about the need for insurance in Asia, Grépin said.

“The awareness will stay (and) the economic side of the crisis will resolve itself, ” he said, adding Sun Life was already seeing a rebound in sales in China and Hong Kong.

Sun Life’s underlying profit from Asia rose 27% in the first quarter, with most of the earnings coming from before lockdowns were imposed in March, versus 8% and 7% in the United States and Canada respectively.

It will report April-June results on Aug 6. — Reuters

Posted by Good123 > 2020-07-30 12:31 | Report Abuse

pandemic helps to crease awareness about insurance. :)

Posted by Good123 > 2020-07-30 16:00 | Report Abuse

probably tune protect will be sold by AirAsia and Fernandez to raise fund for airasia. :)

Posted by Good123 > 2020-07-30 16:02 | Report Abuse

if tune protect is sold to foreign insurance company, better valuation probably :)

Posted by Good123 > 2020-07-30 16:04 | Report Abuse

more urgent sale now, AirAsia needs cash :) https://www.theedgemarkets.com › ...

Newsbreak: South Korean investor eyeing stake in Tune Protect | The Edge Markets

18 Sep 2017 · TUNE Protect Group Bhd is poised to see the emergence of a South Korean

Posted by Good123 > 2020-07-30 16:08 | Report Abuse

sell to American or European insurance company could fetch higher price probably

Posted by Good123 > 2020-07-30 16:10 | Report Abuse

please announce like oversea restaurants, say, approached by investors to buy the shares will do? :)

Posted by Good123 > 2020-07-30 16:13 | Report Abuse

just tell the talk restarts is good also, right? :)

Newsbreak: South Korean investor eyeing stake in Tune Protect | The Edge Markets

18 Sep 2017 · TUNE Protect Group Bhd is poised to see the emergence of a South Korean

Posted by Good123 > 2020-07-30 16:15 | Report Abuse

hot stock , anytime can change ownership? :)

Posted by Good123 > 2020-07-30 16:20 | Report Abuse

net assets per share 74sen, if p/BP value 1X, also 74sen for take over, etc

Posted by Good123 > 2020-07-30 16:35 | Report Abuse

liquid investments~rm817mil

Tune Protect Group Berhad (201101020320 [948454-K])
Condensed consolidated statement of financial position
As at 31 March 2020
As at As at
31 Mar 2020 31 Dec 2019
Unaudited Audited
RM'000 RM'000
Assets
Property and equipment 4,013 4,282
Intangible assets 4,922 4,402
Right-of-use assets 6,288 2,247
Investment in an associate 62,422 66,145
Investment in a joint venture company 3,534 3,263
Goodwill 24,165 24,165
Deferred tax assets 2,104 2,178
Investments 817,018 786,207
Reinsurance assets 487,701 483,927
Insurance receivables 169,900 130,654
Other receivables 87,334 87,724
Cash and bank balances 13,528 11,704
Total assets 1,682,929 1,606,898
Equity
Share capital 248,519 248,519
Employee share option reserves 3,435 3,477
Foreign currency translation reserve 9,614 11,209
Other comprehensive income ("OCI") reserve 499 499
Other reserve 55 55
Retained earnings 297,738 295,238
Equity attributable to owners of the parent 559,860 558,997
Non-controlling interests 139,310 139,038
Total equity 699,170 698,035
Liabilities
Insurance contract liabilities 791,554 781,305
Deferred tax liabilities 456 572
Insurance payables 137,771 80,559
Retirement benefits 392 392
Other payables 47,214 43,720
Lease liabilities 6,372 2,315
Total liabilities 983,759 908,863
Total equity and liabilities 1,682,929 1,606,898
Net assets per ordinary share attributable to
owners of the parent (RM) 0.74 0.74

Posted by Good123 > 2020-07-30 18:49 | Report Abuse

so profitable, Q2, 2020. next Monday, melambung :)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

30 Jun 2020

30 Jun 2019

30 Jun 2020

30 Jun 2019

$$'000

$$'000

$$'000

$$'000

1Revenue

100,942

124,461

223,298

251,126

2Profit/(loss) before tax

20,603

10,747

24,180

33,042

3Profit/(loss) for the period

18,766

11,588

21,538

31,738

4Profit/(loss) attributable to ordinary equity holders of the parent

12,597

10,708

15,097

29,050

5Basic earnings/(loss) per share (Subunit)

1.68

1.42

2.01

3.86

6Proposed/Declared dividend per share (Subunit)

0.00

3.00

0.00

3.00



AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

7
Net assets per share attributable to ordinary equity holders of the parent ($$)

0.7600

0.7400

Posted by alexsee > 2020-07-30 18:58 | Report Abuse

wow.. pandai buat report cantik2 .. dan release cepat2. ogos belum sampai lagi oi.. and mana dividen 3 cen?? tak ada ke?

Posted by Good123 > 2020-07-30 19:04 | Report Abuse

harga syer boleh memecut dengan laju isnin depan. syabas.

Into the new normal, the Group is aware that a key to their business sustainability is
to diversify. In this regard, the Group is focusing on business expansion, diversification
and other opportunities to drive growth. The Group has established partnerships with
strategic insurance providers and business partners, namely in Thailand, Vietnam and
Indonesia to expand in the ecommerce sphere and on retail products and takaful
offerings. In Vietnam, the Group has partnered Baoviet Insurance Corporation and a
leading e-wallet provider to offer insurance products via their e-platform.

Posted by Panorama1 > 2020-07-30 19:36 | Report Abuse

Undervalue company based on P/B or NAV. A sale of insurance/financial services company should command at least an average P/B of 1.3-1.5x. Major shareholders should consider hiving off to MetLife US, China Insurance Company Ltd. or Prudential PLC.

Posted by Good123 > 2020-07-30 19:56 | Report Abuse

extremely undervalued. seeking approval to buyback shares up to 10%. next Monday, siapa cepat, siapa dapat :)


Corporate proposal
On 25 June 2020, the Board of Directors of the Company announced that the Company is seeking
approval from its shareholders to purchase up to ten percent (10%) of the total number of issued
share capital of the Company at the forthcoming Annual General Meeting scheduled on 4 August
2020.

Posted by BabyAce > 2020-07-30 20:42 | Report Abuse

https://klse.i3investor.com/blogs/BabyAceStockAnalysis/2020-07-30-story-h1511443182-TUNEPRO_5230_Good_Quarter_TP_RM0_31_by_Top_1_Analyst_in_i3investor_Baby.jsp

Posted by Victor Yong > 2020-07-30 21:45 | Report Abuse

OTW 50sen? :)


30-Jul-2020 Quarter Result Quarter Result on 30-Jun-2020[#2] QoQ - up 403.88% YoY -
up 17.64%.

TUNE Historical Data
Time Frame:

Monthly
08/10/2018 - 07/30/2020

Date Price Open High Low Vol. Change %
Jul 20 0.275 0.325 0.350 0.270 1.57M -16.67%
Jun 20 0.330 0.320 0.395 0.310 66.20M 6.45%
May 20 0.310 0.345 0.365 0.300 36.28M -12.68%
Apr 20 0.355 0.260 0.380 0.260 81.84M 33.96%
Mar 20 0.265 0.430 0.435 0.200 69.18M -39.08%
Feb 20 0.435 0.490 0.505 0.425 31.04M -13.86%
Jan 20 0.505 0.565 0.590 0.505 28.71M -10.62%
Dec 19 0.565 0.545 0.575 0.540 19.53M 3.67%
Nov 19 0.545 0.600 0.625 0.540 35.32M -9.17%
Oct 19 0.600 0.580 0.610 0.540 30.78M 3.45%
Sep 19 0.580 0.610 0.640 0.575 13.22M -4.13%
Aug 19 0.605 0.685 0.695 0.590 22.66M -12.95%
Jul 19 0.695 0.695 0.765 0.685 49.73M 1.46%
Jun 19 0.685 0.700 0.710 0.660 11.17M -2.14%
May 19 0.700 0.700 0.720 0.655 15.21M 0.72%
Apr 19 0.695 0.680 0.715 0.655 13.95M 3.73%
Mar 19 0.670 0.630 0.715 0.630 32.76M 6.35%
Feb 19 0.630 0.630 0.690 0.615 18.50M 2.44%
Jan 19 0.615 0.570 0.665 0.550 30.27M 9.82%
Dec 18 0.560 0.605 0.615 0.525 17.66M -6.67%
Nov 18 0.600 0.635 0.735 0.600 35.01M -4.00%
Oct 18 0.625 0.770 0.775 0.600 35.07M -18.30%
Sep 18 0.765 0.805 0.815 0.750 18.81M -4.97%
Highest: 0.815 Lowest: 0.200 Difference: 0.615 Average: 0.548 Change %: -65.839

Posted by Victor Yong > 2020-07-30 21:47 | Report Abuse

Takaful products pun ada. wow.

The Group has established partnerships with
strategic insurance providers and business partners, namely in Thailand, Vietnam and
Indonesia to expand in the ecommerce sphere and on retail products and takaful
offerings.

Posted by Victor Yong > 2020-07-30 21:49 | Report Abuse

Airasia and aax rugi teruk, tune protect boleh dijual pada harga yang lebih tinggi sekarang.
NAV 76sen@30.6.2020. if P/B value = 1.5X~RM1.14.

@Panorama1 Undervalue company based on P/B or NAV. A sale of insurance/financial services company should command at least an average P/B of 1.3-1.5x. Major shareholders should consider hiving off to MetLife US, China Insurance Company Ltd. or Prudential PLC.
30/07/2020 7:36 PM