TUNE PROTECT GROUP BERHAD

KLSE (MYR): TUNEPRO (5230)

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Last Price

0.43

Today's Change

+0.005 (1.18%)

Day's Change

0.425 - 0.435

Trading Volume

286,100


11 people like this.

5,134 comment(s). Last comment by TakeProfits 1 week ago

Posted by donnybelowski > 2023-03-17 09:28 | Report Abuse

Villagers are smart. They will not buy bundle insurance with Airasia anymore. The travel insurance from other companies is way more cheaper.

Posted by wallstreetrookieNEW > 2023-03-17 09:58 | Report Abuse

Top up

Posted by wallstreetrookieNEW > 2023-03-17 09:59 | Report Abuse

Next price target is RM0.60

LubeTrader

208 posts

Posted by LubeTrader > 2023-03-17 14:03 | Report Abuse

Next resistance level 0.50
Too early to target 0.60 to be honest. Perhaps possible in 2H 2023 which is not very far off. Now's the time to "put one's money where one's mouth is". I have never abandoned this stock. Many have jumped ship.

Posted by fundamentalist69 > 2023-03-17 16:41 | Report Abuse

I agree clear 50sen first then we talk 60

Posted by Silent 88888 > 2023-03-17 16:49 | Report Abuse

buy and hold momentum looking good
able to collect some @0.42

LubeTrader

208 posts

Posted by LubeTrader > 2023-03-18 09:27 | Report Abuse

Once price breached 0.55 and held above 0.50, then there's no looking back. Just monitor the share price appreciation of CapitalA and AAX. Another appealing aspect is, historically, Tunepro has been paying dividend annually without fail since 2014 up to as recent as year 2019. You have the options to sell and take profit or hold for div.

Posted by wallstreetrookieNEW > 2023-03-18 10:00 | Report Abuse

Tune Protect seems like sympathy play compared to Air Asia X and Capital Air

Posted by wallstreetrookieNEW > 2023-03-19 08:37 | Report Abuse

The only downside risk is the fact that Tune Protect invested heavily in bonds back in Q4 2020. As we all know, bond portfolios across all funds all over the world suffered badly from losses.

I would be cautiously optimistic on the next quarterly result for Tune Protect

Posted by clamandcollected > 2023-04-13 08:54 | Report Abuse

I am tuning in tonight another CEO public presentation and Q&A https://www.youtube.com/watch?v=uqFGvaPsnBQ

Stocker

1,451 posts

Posted by Stocker > 2023-05-10 09:38 | Report Abuse

gogogo

Vhydro

1,508 posts

Posted by Vhydro > 2023-05-16 02:01 | Report Abuse

QR 31-Mar-2023 announce soon.
Wonder their performance

Posted by clamandcollected > 2023-05-19 14:03 | Report Abuse

come on Singapore airline posted highst PAT in 76 years and even our national airline MAS made money after year of struggle... its no brainer 2023 and 2024 are travel year.

Posted by clamandcollected > 2023-05-19 14:04 | Report Abuse

surprise they are doing talk with RHb so close to their results annoucement first come first serve can register here https://rhbgroup.zoom.us/webinar/register/7016838681972/WN_ma3Cpv9hQjG8Q_trYNj53Q

Posted by clamandcollected > 2023-05-19 15:16 | Report Abuse

QR 31-Mar-2023 announcement on the 25th May. they livestreaming on YT again. https://www.youtube.com/watch?v=nU4tWPJIjcQ

Posted by donnybelowski > 2023-05-25 19:13 | Report Abuse

Garbage results, garbage company. There u go. Should change the biz from insurance to investment co. All profit come from investment. Core biz loss making.

yfchong

5,510 posts

Posted by yfchong > 2023-05-26 00:02 | Report Abuse

big bosz any comments ?

LubeTrader

208 posts

Posted by LubeTrader > 2023-05-26 09:26 | Report Abuse

Some ppl just want to stoke fear

sasword

1,075 posts

Posted by sasword > 2023-05-26 15:43 |

Post removed.Why?

Orson Chin

1,989 posts

Posted by Orson Chin > 2023-06-09 15:12 | Report Abuse

Hello… when U wanna to push the share price up like AAX

Vhydro

1,508 posts

Posted by Vhydro > 2023-06-10 06:12 | Report Abuse

Better don't so fast push first. No short term positive catalyst.
Still have bullet and waiting it to drop below 38 sen

tomwah

1,539 posts

Posted by tomwah > 1 month ago | Report Abuse

seat belt tighten ready to fly :)

Vhydro

1,508 posts

Posted by Vhydro > 1 month ago | Report Abuse

Fly to where? Holland or Tokyo? lol

Posted by StartOfTheBull > 1 month ago | Report Abuse

Will TuneProtect follows AAX and Capital A upsurge? Or rather slowly follow as before?

Vhydro

1,508 posts

Posted by Vhydro > 1 month ago | Report Abuse

I think it largely depend on how fast it can recover back to its profit during the glory time, more than 10m to 20m profit per quarter

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Tune protect won't follow AAX's surge. Underwriting profit separate from air ticket sales

Orson Chin

1,989 posts

Posted by Orson Chin > 1 month ago | Report Abuse

Tunepro when I want to give dividend ?

Vhydro

1,508 posts

Posted by Vhydro > 1 month ago | Report Abuse

Orson, soon

Posted by StartOfTheBull > 1 month ago | Report Abuse

Based on AirAsia reported robust passenger traffic, Tune Protect is expected to report a better QR next month.

RHB Investment Research Reports
Tune Protect Group - The Long-Awaited Recovery Year

rhbinvest
Publish date: Tue, 16 May 2023, 06:30 PM
Tailwinds from the return of travel. The widespread recovery of global travel bodes well for TPG and its travel partners in Malaysia, Thailand, and the Middle East. Most of the group’s Malaysia travel exposure is via its related company AirAsia, which reported robust passenger traffic in 1Q23 (tripled YoY, +13% QoQ). Feedback from management suggests that the take-up rate for TPG’s travel insurance policies from AirAsia passengers is now at c.12% – up from a single-digit average before the pandemic. For its regional exposure, the group has secured multiple airline partnerships (eg Bamboo Air, Salam Air) over the past few years. We believe the return of travel contributions domestically and regionally should help the group achieve its target of double-digit YoY growth in net written premiums (NWP) for FY23.

yfchong

5,510 posts

Posted by yfchong > 1 month ago | Report Abuse

wait n see ada good boh

tomwah

1,539 posts

Posted by tomwah > 1 month ago | Report Abuse

seat belt tighten ready to fly :)..............fly to Holand :)

Posted by StartOfTheBull > 1 month ago | Report Abuse

Slow and steady.

Posted by StartOfTheBull > 1 month ago | Report Abuse

On board AAX liao?

Posted by donnybelowski > 4 weeks ago | Report Abuse

Profits mostly coming from investment. Better change to investment co. Ciao.

Vhydro

1,508 posts

Posted by Vhydro > 4 weeks ago | Report Abuse

Donny, u are welcome to offload all your units.

Posted by StartOfTheBull > 4 weeks ago | Report Abuse

Insurance premiums collected are mostly invested to generate income, that is what every insurance company will do.
Group’s profitability in 2Q23 was supported by an increase in profit after tax to RM11.2 million, growth
of more than 100% Year-on-Year (“YoY”).
********
Next QR is expected to be even better with the commencement of collaboration with Vietjet Air from 5th of July 2023.

Posted by donnybelowski > 4 weeks ago | Report Abuse

Wrong, the investment income only applied to life insurance for asset liability matching. General insurance as Tunepro should rely on the core insurance profits rather than quick gain on investment for their kpi. TunePro investment track record also very poor with huge losses on investment in previous years.

Core insurance biz is very competitive with many international insurances company offer better benefits and rates. Check it out urself.


——
StartOfTheBull
Insurance premiums collected are mostly invested to generate income, that is what every insurance company will do.
Group’s profitability in 2Q23 was supported by an increase in profit after tax to RM11.2 million, growth
of more than 100% Year-on-Year (“YoY”).
********
Next QR is expected to be even better with the commencement of collaboration with Vietjet Air from 5th of July 2023.
——
12 hours ago

Posted by StartOfTheBull > 4 weeks ago | Report Abuse

Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets.

Gen2

244 posts

Posted by Gen2 > 4 weeks ago | Report Abuse

Take GEICO as an example the second largest auto insurance company in U.S.
Their top line growth in tandem with the investment growth since their inception many years ago.

Without top line growth the float money for investment income in also limited.

Tunepro top line has been declining since few quarters back despite various innovative new products launched by them.

Share price indicating investor are seeing the inability of their management to generate higher top line.

Vhydro

1,508 posts

Posted by Vhydro > 3 weeks ago | Report Abuse

History is somewhat important but future is more significant.
I will give them a little more time to see whether their core biz revenue and income will keep increasing after COVID-19 and borders reopened.

MRFS 17 also affected insurance company like tunepro

Gen2

244 posts

Posted by Gen2 > 3 weeks ago | Report Abuse

MFRS 17 is affecting every listed insurance company not just Tunepro.

Vhydro

1,508 posts

Posted by Vhydro > 3 weeks ago | Report Abuse

Gen2, yes, it is affecting every listed insurance company.
But my opinion is we must be clear on the incident timeline, for example COVID-19, borders reopened, discontinuation from Perlindungan Tenang scheme and fully exited a low retention large corporate account.

These incidents affected the revenue and growth of company.
Insurance company is not like casino & tech company. It also cannot compare with insurers in HK who can attract mass mainland customers. The market in Malaysia is limited. That's why after borders reopened, company is expanding to overseas especially Asean countries. This takes time.

For the past few quarters, I'm happy to see this company is turned around and the profit margin is improving. The next thing is to grow the biz. Again, this takes time.

TakeProfits

1,190 posts

Posted by TakeProfits > 3 weeks ago | Report Abuse

This one , can buy but have to wait very long time and IF only they execute strategies well !?
Goyak stock !!

yfchong

5,510 posts

Posted by yfchong > 3 weeks ago | Report Abuse

Long long until neck also swollen

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Posted by clamandcollected > 2 weeks ago | Report Abuse

Vhydro, according to the company management/from their latest presentation deck https://www.insage.com.my/Upload/Docs/TUNEPRO/2Q2023-Analyst%20Deck.pdf#view=Full
SkyCare insurance is bundled insurance, which means all passengers will get insured and also means 100% take up rate for the company.

fregend

405 posts

Posted by fregend > 1 week ago | Report Abuse

More travel more revenue

TakeProfits

1,190 posts

Posted by TakeProfits > 1 week ago | Report Abuse

Goodness, This counter still 43 to 44c...I sold last year at a profit.profit...
Insurance business vely vely tough ...
Wait till very Tua, lowdai

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