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Stock Analysis - BabyAce

Author: BabyAce   |   Latest post: Mon, 24 Aug 2020, 8:56 PM

 

TUNEPRO (5230) Good Quarter TP: RM0.31 - by Top 1 Analyst in i3investor BabyAce 30/7/2020 (CLOSED TP HIT ON 3/8/2020)

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Stock to review: Tunepro (5230) Current Share price: RM0.275

While I don't like AirAsia in general if you have read what I wrote, Tunepro's performance seems to have improved, however, need to be cautious. Please read in the P&L section for the performance.

Financial Position - Normal, refer below nothing much had changed. Net operating cash flows RM22mil good.

Performance in terms of profit have been good given margin of 18.59% below. However, to note revenue had decreased but profit seems to have increased.

This is mainly due to Tune Protect Malaysia benefited from the reduction of claims during the quarter, management expenses (probably because they changed their key personnel if you've read about it), and increased in net unrealised gain from investments. Since stock market is doing well, they too benefited from this. Reason why I wrote on top is to be cautious, is because these positive pointers is not so performance based on the business itself but rather other factors. Having said that what's in my mind is also to see improvement of results, which indeed had improved. 1.68 EPS for a quarter seems great. Generally it still will follow the direction of Air Asia.

 

Prospects - Seems improving

 

Conclusion

Short term TP of  RM0.31. Still to remain cautious due to operating in a challenging environment. This quarter is good.

TP hit on 3/8/2020. Closed. This is actually the easiest the identify with the lowest risk.

 

Gadang Premium Detailed Report covering all the details about the Company and some strategies based on 8 hours research of reading every page of latest Annual Report and quarterly report to date and available infomation. It is summarised in a detailed manner so readers could understand every detail about the Company and prospects. It is available from 3/8/2020 @ RM150. It will be posted via Pos Express/Pos Laju to your address. Please email babyace1188@gmail.com for further enquiries.

I provide certain services that could be found on the following link together with my email:

https://drive.google.com/file/d/1BvjTmfXFE3U6lVJaddWiNGOIyfXMQHir/view?usp=sharing

Disclaimer

The research, information and financial opinions expressed in this article are purely for information and educational purpose only. We do not make any recommendation for the intention of trading purposes nor is it an advice to trade. Although best efforts are made to ensure that all information is accurate and up to date, occasionally errors and misprints may occur which are unintentional. It would help if you did not rely upon the material and information in this article. We will not be liable for any false, inaccurate, incomplete information and losses or damages suffered from your action. It would be best if you did your own research to make your personal investment decisions wisely or consult your investment advisor.

 

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Labels: TUNEPRO

Related Stocks

Chart Stock Name Last Change Volume 
TUNEPRO 0.355 +0.005 (1.43%) 583,800 

  firehawk likes this.
 
firehawk ok lah ... give u a like again ....
1) agreed with yr TP=0.31
2) next time pls post in larger wording, too small now!
30/07/2020 10:49 PM
BabyAce Sorry boss I will post larger word next time...
30/07/2020 10:58 PM


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