Highlights
KLSE: TUNEPRO (5230)       TUNE PROTECT GROUP BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
0.34   -0.005 (1.45%)  0.34 - 0.35  2,975,000
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Financials


Market Cap: 256 Million

Market Cap 256 Million
NOSH 752 Million

Latest Audited Result:  31-Dec-2019

Latest Audited Result: 31-Dec-2019
Announcement Date 22-May-2020
Next Audited Result: 31-Dec-2020
Est. Ann. Date: 22-May-2021
Est. Ann. Due Date: 29-Jun-2021

Latest Quarter:  31-Mar-2020 [#1]

Latest Quarter: 31-Mar-2020 [#1]
Announcement Date 22-May-2020
Next Quarter: 30-Jun-2020
Est. Ann. Date: 21-Aug-2020
Est. Ann. Due Date: 29-Aug-2020
QoQ | YoY   -76.50%  |    -86.37%

Annual (Unaudited) ( EPS: 6.74, P/E: 5.04 )

Revenue | NP to SH 500,801  |  50,677
RPS | P/RPS 66.62 Cent  |  0.51
EPS | P/E | EY 6.74 Cent  |  5.04  |  19.83%
DPS | DY | Payout % 3.00 Cent  |  8.82%  |  44.50%
NAPS | P/NAPS 0.74  |  0.46
YoY   2.77%
NP Margin | ROE 11.59%  |  9.11%
F.Y. | Ann. Date 31-Dec-2019  |  28-Feb-2020

T4Q Result ( EPS: 4.63, P/E: 7.34 )

Revenue | NP to SH 496,492  |  34,835
RPS | P/RPS 66.04 Cent  |  0.51
EPS | P/E | EY 4.63 Cent  |  7.34  |  13.63%
DPS | DY | Payout % 3.00 Cent  |  8.82%  |  64.74%
NAPS | P/NAPS 0.74  |  0.46
QoQ | YoY   -31.26%  |    -31.81%
NP Margin | ROE 8.19%  |  6.26%
F.Y. | Ann. Date 31-Mar-2020  |  22-May-2020

Annualized Result ( EPS: 1.32, P/E: 25.56 )

Revenue | NP to SH 489,424  |  10,000
RPS | P/RPS 65.10 Cent  |  0.52
EPS | P/E | EY 1.32 Cent  |  25.56  |  3.91%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -80.27%  |    -86.37%
NP Margin | ROE 2.27%  |  1.80%
F.Y. | Ann. Date 31-Mar-2020  |  22-May-2020


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2020 22-May-2020 31-Mar-2020 1 122,356 3,577 2,772 2,500 - 556,302 - % 2.27% 0.45% 751,759 16.28 16.28 0.33 0.33 0.00 0.00 0.7400 0.74   -76.50%   -86.37% 31-Mar-2020 0.265 1.63 79.69 0.36 1.25% 0.00% 22-May-2020 0.34 2.09 102.24 0.46 0.98% 0.00%
31-Dec-2019 28-Feb-2020 31-Dec-2019 4 125,832 12,285 11,360 10,638 - 556,302 - % 9.03% 1.91% 751,759 16.74 16.74 1.42 1.42 0.00 0.00 0.7400 0.74   -3.19%   -1.46% 31-Dec-2019 0.565 3.38 39.93 0.76 2.50% 0.00% 28-Feb-2020 0.435 2.60 30.74 0.59 3.25% 0.00%
31-Dec-2019 21-Nov-2019 30-Sep-2019 3 123,843 16,321 14,953 10,989 - 548,784 - % 12.07% 2.00% 751,759 16.47 16.47 1.46 1.46 0.00 0.00 0.7300 0.73   2.62%   20.31% 30-Sep-2019 0.58 3.52 39.68 0.79 2.52% 0.00% 21-Nov-2019 0.57 3.46 38.99 0.78 2.56% 0.00%
31-Dec-2019 21-Aug-2019 30-Jun-2019 2 124,461 10,747 11,588 10,708 22,552 533,749 210.62% 9.31% 2.01% 751,759 16.56 16.56 1.42 1.42 3.00 3.00 0.7100 0.71   -41.62%   -16.42% 28-Jun-2019 0.685 4.14 48.09 0.96 2.08% 4.38% 21-Aug-2019 0.655 3.96 45.98 0.92 2.17% 4.58%
31-Dec-2019 28-May-2019 31-Mar-2019 1 126,665 22,295 20,150 18,342 22,552 548,784 122.96% 15.91% 3.34% 751,759 16.85 16.85 2.44 2.44 3.00 3.00 0.7300 0.73   69.90%   10.68% 29-Mar-2019 0.67 3.98 27.46 0.92 3.64% 4.48% 28-May-2019 0.68 4.04 27.87 0.93 3.59% 4.41%
31-Dec-2018 22-Feb-2019 31-Dec-2018 4 140,419 9,588 11,205 10,796 - 526,231 - % 7.98% 2.05% 751,759 18.68 18.68 1.44 1.44 0.00 0.00 0.7000 0.70   18.20%   29.28% 31-Dec-2018 0.56 3.00 38.99 0.80 2.56% 0.00% 22-Feb-2019 0.675 3.61 47.00 0.96 2.13% 0.00%
31-Dec-2018 15-Nov-2018 30-Sep-2018 3 141,487 11,688 10,060 9,134 - 518,714 - % 7.11% 1.76% 751,759 18.82 18.82 1.22 1.22 0.00 0.00 0.6900 0.69   -28.71%   -28.27% 28-Sep-2018 0.765 4.06 62.96 1.11 1.59% 0.00% 15-Nov-2018 0.73 3.88 60.08 1.06 1.66% 0.00%
31-Dec-2018 29-Aug-2018 30-Jun-2018 2 141,260 13,550 13,406 12,812 22,552 503,679 176.03% 9.49% 2.54% 751,759 18.79 18.79 1.70 1.70 3.00 3.00 0.6700 0.67   -22.69%   -1.47% 29-Jun-2018 0.90 4.79 52.81 1.34 1.89% 3.33% 29-Aug-2018 0.86 4.58 50.46 1.28 1.98% 3.49%
31-Dec-2018 25-May-2018 31-Mar-2018 1 142,957 20,245 18,248 16,572 22,552 518,714 136.09% 12.76% 3.19% 751,759 19.02 19.02 2.20 2.20 3.00 3.00 0.6900 0.69   98.44%   38.81% 30-Mar-2018 0.80 4.21 36.29 1.16 2.76% 3.75% 25-May-2018 0.725 3.81 32.89 1.05 3.04% 4.14%
31-Dec-2017 28-Feb-2018 31-Dec-2017 4 138,522 8,861 9,252 8,351 - 503,679 - % 6.68% 1.66% 751,759 18.43 18.43 1.11 1.11 0.00 0.00 0.6700 0.67   -34.42%   -49.52% 29-Dec-2017 1.05 5.70 94.52 1.57 1.06% 0.00% 28-Feb-2018 1.01 5.48 90.92 1.51 1.10% 0.00%
31-Dec-2017 21-Nov-2017 30-Sep-2017 3 140,117 15,870 13,931 12,734 - 496,161 - % 9.94% 2.57% 751,759 18.64 18.64 1.69 1.69 0.00 0.00 0.6600 0.66   -2.07%   -11.17% 29-Sep-2017 1.14 6.12 67.30 1.73 1.49% 0.00% 21-Nov-2017 1.06 5.69 62.58 1.61 1.60% 0.00%
31-Dec-2017 18-Aug-2017 30-Jun-2017 2 133,878 13,103 13,445 13,003 39,091 481,126 300.63% 10.04% 2.70% 751,759 17.81 17.81 1.73 1.73 5.20 5.20 0.6400 0.64   8.91%   -50.87% 30-Jun-2017 1.24 6.96 71.69 1.94 1.39% 4.19% 18-Aug-2017 1.01 5.67 58.39 1.58 1.71% 5.15%
31-Dec-2017 22-May-2017 31-Mar-2017 1 130,081 15,064 13,390 11,939 39,091 511,196 327.43% 10.29% 2.34% 751,759 17.30 17.30 1.59 1.59 5.20 5.20 0.6800 0.68   -27.83%   -47.24% 31-Mar-2017 1.40 8.09 88.15 2.06 1.13% 3.71% 22-May-2017 1.54 8.90 96.97 2.26 1.03% 3.38%
31-Dec-2016 23-Feb-2017 31-Dec-2016 4 135,466 16,812 17,326 16,544 - 496,161 - % 12.79% 3.33% 751,759 18.02 18.02 2.20 2.20 0.00 0.00 0.6600 0.66   15.40%   -29.56% 30-Dec-2016 1.42 7.88 64.52 2.15 1.55% 0.00% 23-Feb-2017 1.37 7.60 62.25 2.08 1.61% 0.00%
31-Dec-2016 25-Nov-2016 30-Sep-2016 3 126,076 16,701 15,339 14,336 37,587 481,126 262.19% 12.17% 2.98% 751,759 16.77 16.77 1.91 1.91 5.00 5.00 0.6400 0.64   -45.84%   11.46% 30-Sep-2016 1.64 9.78 86.00 2.56 1.16% 3.05% 25-Nov-2016 1.62 9.66 84.95 2.53 1.18% 3.09%
31-Dec-2016 19-Aug-2016 30-Jun-2016 2 125,535 35,173 29,637 26,468 37,587 458,573 142.01% 23.61% 5.77% 751,759 16.70 16.70 3.52 3.52 5.00 5.00 0.6100 0.61   16.97%   63.96% 30-Jun-2016 1.47 8.80 41.75 2.41 2.40% 3.40% 19-Aug-2016 1.64 9.82 46.58 2.69 2.15% 3.05%
31-Dec-2016 27-May-2016 31-Mar-2016 1 129,544 25,997 24,283 22,628 37,587 473,608 166.11% 18.74% 4.78% 751,759 17.23 17.23 3.01 3.01 5.00 5.00 0.6300 0.63   -3.65%   37.31% 31-Mar-2016 1.35 7.83 44.85 2.14 2.23% 3.70% 27-May-2016 1.51 8.76 50.17 2.40 1.99% 3.31%
31-Dec-2015 23-Feb-2016 31-Dec-2015 4 130,922 27,359 25,179 23,486 - 451,056 - % 19.23% 5.21% 751,759 17.42 17.42 3.12 3.12 0.00 0.00 0.6000 0.60   82.60%   4.05% 31-Dec-2015 1.29 7.41 41.29 2.15 2.42% 0.00% 23-Feb-2016 1.19 6.83 38.09 1.98 2.63% 0.00%
31-Dec-2015 16-Nov-2015 30-Sep-2015 3 122,771 13,422 13,275 12,862 30,371 428,503 236.13% 10.81% 3.00% 751,759 16.33 16.33 1.71 1.71 4.04 4.04 0.5700 0.57   -20.32%   -20.44% 30-Sep-2015 1.30 7.96 75.98 2.28 1.32% 3.11% 16-Nov-2015 1.47 9.00 85.92 2.58 1.16% 2.75%
31-Dec-2015 18-Aug-2015 30-Jun-2015 2 115,254 18,436 17,226 16,143 - 413,467 - % 14.95% 3.90% 751,759 15.33 15.33 2.15 2.15 0.00 0.00 0.5500 0.55   -2.04%   12.53% 30-Jun-2015 1.64 10.70 76.37 2.98 1.31% 0.00% 18-Aug-2015 1.31 8.54 61.01 2.38 1.64% 0.00%
31-Dec-2015 19-May-2015 31-Mar-2015 1 111,246 17,305 17,202 16,480 30,371 428,503 184.29% 15.46% 3.85% 751,759 14.80 14.80 2.19 2.19 4.04 4.04 0.5700 0.57   -26.99%   -14.38% 31-Mar-2015 2.00 13.52 91.23 3.51 1.10% 2.02% 19-May-2015 1.82 12.30 83.02 3.19 1.20% 2.22%
31-Dec-2014 25-Feb-2015 31-Dec-2014 4 126,098 27,778 24,133 22,572 - 405,950 - % 19.14% 5.56% 751,759 16.77 16.77 3.00 3.00 0.00 0.00 0.5400 0.54   39.63%   4.73% 31-Dec-2014 1.70 10.13 56.62 3.15 1.77% 0.00% 25-Feb-2015 1.97 11.74 65.61 3.65 1.52% 0.00%
31-Dec-2014 17-Nov-2014 30-Sep-2014 3 109,510 15,664 16,924 16,166 - 383,397 - % 15.45% 4.22% 751,759 14.57 14.57 2.15 2.15 0.00 0.00 0.5100 0.51   12.69%   -3.87% 30-Sep-2014 2.26 15.51 105.10 4.43 0.95% 0.00% 17-Nov-2014 2.07 14.21 96.26 4.06 1.04% 0.00%
31-Dec-2014 18-Aug-2014 30-Jun-2014 2 101,510 15,714 14,631 14,346 - 368,362 - % 14.41% 3.89% 751,759 13.50 13.50 1.91 1.91 0.00 0.00 0.4900 0.49   -25.46%   -12.01% 30-Jun-2014 2.27 16.81 118.95 4.63 0.84% 0.00% 18-Aug-2014 2.47 18.29 129.43 5.04 0.77% 0.00%
31-Dec-2014 22-May-2014 31-Mar-2014 1 113,952 22,144 20,396 19,247 29,017 375,879 150.77% 17.90% 5.12% 751,759 15.16 15.16 2.56 2.56 3.86 3.86 0.5000 0.50   -10.70%   38.53% 31-Mar-2014 1.97 13.00 76.95 3.94 1.30% 1.96% 22-May-2014 2.20 14.51 85.93 4.40 1.16% 1.75%
31-Dec-2013 24-Feb-2014 31-Dec-2013 4 107,363 24,038 23,166 21,553 - 360,844 - % 21.58% 5.97% 751,759 14.28 14.28 2.87 2.87 0.00 0.00 0.4800 0.48   28.17%   18.88% 31-Dec-2013 1.95 13.65 68.02 4.06 1.47% 0.00% 24-Feb-2014 1.82 12.74 63.48 3.79 1.58% 0.00%
31-Dec-2013 18-Nov-2013 30-Sep-2013 3 98,810 20,074 17,623 16,816 - 338,291 - % 17.84% 4.97% 751,759 13.14 13.14 2.32 2.32 0.00 0.00 0.4500 0.45   3.13%   79.83% 30-Sep-2013 2.04 15.52 91.20 4.53 1.10% 0.00% 18-Nov-2013 1.90 14.46 84.94 4.22 1.18% 0.00%
31-Dec-2013 26-Aug-2013 30-Jun-2013 2 96,707 15,914 17,323 16,305 - 323,256 - % 17.91% 5.04% 751,759 12.86 12.86 2.29 2.29 0.00 0.00 0.4300 0.43   17.35%   136.58% 28-Jun-2013 1.85 14.38 85.30 4.30 1.17% 0.00% 26-Aug-2013 1.93 15.00 88.98 4.49 1.12% 0.00%
31-Dec-2013 21-May-2013 31-Mar-2013 1 86,746 17,027 15,223 13,894 - 300,703 - % 17.55% 4.62% 751,759 11.54 11.54 2.07 2.07 0.00 0.00 0.4000 0.40   -23.36%   98.00% 29-Mar-2013 1.40 12.13 75.75 3.50 1.32% 0.00% 21-May-2013 2.14 18.55 115.79 5.35 0.86% 0.00%
31-Dec-2012 28-Feb-2013 31-Dec-2012 4 90,508 26,136 20,845 18,130 - 105,695 - % 23.03% 17.15% 587,198 15.41 12.04 7.12 2.41 0.00 0.00 0.1800 0.14   93.88%   171.29% 0.00 0.00 0.00 0.00 0.00% 0.00% 28-Feb-2013 1.31 8.50 42.43 7.28 2.36% 0.00%
31-Dec-2012 30-Sep-2012 3 68,462 13,906 11,060 9,351 - - - % 16.15% - % 725,501 9.44 9.11 65.68 1.24 0.00 0.00 - -   35.68%   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 30-Jun-2012 2 50,886 9,931 8,277 6,892 - - - % 16.27% - % 712,154 7.15 6.77 48.41 0.92 0.00 0.00 - -   -1.78%   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 31-Mar-2012 1 16,807 8,338 8,298 7,017 - - - % 49.37% - % 670,722 2.51 2.24 4.93 0.93 0.00 0.00 - -   5.00%   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2011 31-Dec-2011 4 15,721 8,460 8,460 6,683 - 829,254 - % 53.81% 0.81% 588,124 2.67 2.09 4.69 0.89 0.00 0.00 1.4100 1.10   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  10 people like this.
 
Stockhunter88 Market is believing mco will be lifted on 12th May, if not earlier. It is normal to see this counter back to normal, even genting is shooting up for no reason
30/04/2020 11:10 AM
ivanlau TUNEPRO business highly rely on Airasia passengers.... hope the current share price already priced in future 3 months business .
01/05/2020 1:59 PM
Rishi hopefully it will break the resistance and wanna do my cut loss here
01/05/2020 4:34 PM
yfchong Air craft can lift .....so does tune pro
02/05/2020 8:11 AM
Ttttader Hope this week can continue up
03/05/2020 12:01 AM
johnbrooks Cheaper alternative if you want to bet on the revival of Air Asia. But have to look past 2020 i think. If in 2021 the company can deliver RM50 mil PAT (average RM55 mil for FY16 to FY19), at current valuation the company is only valued at 5.3x PE. Dividend yield would be around 7.5% ( company has a policy of paying at least 40% of profit).
03/05/2020 11:44 AM
johnbrooks I also think the mentality of travelers would change after this if and when they decide to travel overseas. Most would likely prefer to pay a small premium for insurance in case anything happens when travelling in foreign countries. A lot of tourist got stuck in foreign countries during this pandemic with no recourse to aids (accommodation, additional spending funds etc).
03/05/2020 11:50 AM
Rishi Supposedly this stock should declare dividend by now!
08/05/2020 10:21 AM
chesslim This year has dividen again ??
08/05/2020 12:37 PM
Rishi If it touches 0.56 then im out of the game! I don't think this stock good to hold anymore! AirAsia is gone now!
14/05/2020 3:31 PM
Ttttader How come can go 0.56
14/05/2020 7:51 PM
mf gap down
22/05/2020 6:11 PM
Kai YaNg lol i thought tunepro will lost in this qr result
22/05/2020 7:28 PM
Ttttader How low will it go ?
22/05/2020 7:58 PM
KLCI King 20 cents is not a dream
22/05/2020 11:10 PM
Tang Khangseng Someone please explain why cashflow increased by ~19.4mil from 39.4mil to ~59mil?
22/05/2020 11:27 PM
CHLEONG888 Unlikely drop to RM0.20, think strong support at RM0.32,wait and see.
23/05/2020 7:45 AM
jowong7 A RM7mil loss is due to fair valuing their fixed income portfolio which is non-cash item. The co is loaded with liquid assets around RM0.7 and once travel resume, travel insurance is deemed as a must for travelers.
23/05/2020 8:48 AM
yfchong Wow 30s. Buy
23/05/2020 10:10 AM
Gohhocks I think the share price depends on Q3 & Q4 eps, Q2 eps might not be good too..0.34 may be good entry if Q3 & Q4 improving, or turn the other way.. Goof luck
23/05/2020 6:58 PM
Gohhocks Importantly now is whether the dividend giving out soon...
23/05/2020 6:59 PM
orange11 next Q, loss
wait below 30
23/05/2020 7:02 PM
Jeffreyteck Unless goreng, otherwise going south is quite certain. Simeproperty chairman said in Apr on company resilient, when results announced, profit dropped by more than 90%, may be that is what she meant resilient, otherwise should be loss. Lol.
24/05/2020 10:25 AM
jowong7 whether resilient or not have a look at the increase in cash and bank balances. increase from RM10mil to RM58mil.
24/05/2020 10:32 AM
ivanlau calculate the forward pe , the fair value of TUNEPRO is around 26 - 30 cents
25/05/2020 1:02 PM
Tang Khangseng Also, anyone can explain what is FVTPL? I extracted below value from AR2019, in statement of CF

Purchases of FVTPL financial assets--> 2019: -326mil vs 2018: -372mil
Proceeds from disposal of FVTPL financial assets --> 2019: 249mil vs 2018: 378mil

Does it mean its derivatives was actually making paper loss of >100mil compared to 2018?
Thanks.
25/05/2020 3:04 PM
Sslee FVTPL mean fair value thro profit or loss.
For investment of FVTPL financial assets you can look into P&L account of investment realise and unrealise profit/loss
25/05/2020 5:04 PM
Tang Khangseng Thanks Sslee, it's still not very clear to me but I take it the actual profit for investment of FVTPL for 2019 is 3.89mil. Btw, what is your view on Tunepro?
26/05/2020 3:39 PM
hongheng7 Tune Protect Group Bhd - Travel insurance to be hit by Covid-19 (Downgrade to Reduce with a lower TP of RM0.22)
27/05/2020 9:46 AM
hongheng7 AmInvest
We downgrade our call on Tune Protect Group (TPG) to SELL from HOLD with a lower fair value of RM0.25/share (previously RM0.48/share) based on FY20 P/BV of 0.3x, supported by a lower ROE of 5.8%. We trim our FY20/21/22 earnings by 35.2%/37.8%/35.9% to reflect lower premiums from travel insurance and a reduced estimate for investment income and share of profit from associates
27/05/2020 10:20 AM
hongheng7 TA securities

Outlook
The outlook of the general insurance business in Malaysia is expected to
remain very challenging due to the slowdown in business activities due to
the Movement Control Order. We believe insurance premiums may face
downward pressure due to weaker demand and higher competition.

Given that a large chunk of underwriting profit for TUNEPRO is derived
from travel insurance, the group is likely to continue suffering from the
negative impact of Covid-19 until, the pandemic is effectively contained.

Valuation
We maintain our Sell call on the stock, with a target price of RM0.24,
based on unchanged 0.3x CY21 P/B.
27/05/2020 10:22 AM
Rishi Visiting my alma!
27/05/2020 12:40 PM
drkervokian best move ever to consolidate the CFO office!
27/05/2020 4:05 PM
Edmundtrade Proposing Share Buy back ? Any comment ?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3052917
27/05/2020 4:30 PM
drkervokian Share buy back is just a silly trick to bump up share price and lower the total dividend payout (if it ever announce one)

TunePro just need to focus on whittling down the middle management and all will be fine. Am still waiting for them to chop some of the distribution channel heads and the strategy head.
28/05/2020 4:19 PM
MoneyShow3 Long term prospects for tunepro considering pent up travel demand could be forced to purchase insurance prior to any trips. New products and strategies could emerge if they were to leverage their digital instech platforms.
Time to cost cut, get lean and speedy for future biz. I will accumulate and keep this counter for a big future reward.
29/05/2020 12:30 AM
orange11 Valuation
We maintain our Sell call on the stock, with a target price of RM0.24,
based on unchanged 0.3x CY21 P/B.
27/05/2020 10:22 AM
29/05/2020 8:42 AM
warchest Sometimes, analysts are people that can't think out of box. They couldn't understand how the business works, evolves over time. And business does intervene drastically in changing competitite and negative environment, including drastic costs cutting exercise and changing the business model. I believe it will since they are getting a big shock from reduction in air travels that contributed 70% of their profitability. But with the transformation plans are intact and current price of RM0.31, that is a bargain in long-term. Anyway, there are into insurance sector and tend to make money over the long-term.
29/05/2020 2:04 PM
Gohhocks I think Usually analysts only look for 6 months to 1 year earning per share.. when the environment on travel business getting better, they tend to adjust the target price according, so if Tunepro can withstand the storm ahead, the target price will be up accordingly, but investor usually react faster before the analyst report.. so good luck to Tunepro..my thought.
30/05/2020 4:38 PM
yfchong Just keep a good watch
31/05/2020 8:56 PM
Gohhocks Hopefully dividend will be announced soon for Tunepro shareholders. Good luck.
31/05/2020 10:13 PM
chesslim 2020 have dividen again ??
31/05/2020 11:39 PM
Victor Yong :)

Date Price Target Source News
27/05/2020 0.25 MIDF Price Target News
27/05/2020 0.25 AmInvest
01/06/2020 9:59 PM
warchest Huat !! will test 50 cents level soon
02/06/2020 3:34 PM
alexsee airasia up 14%.. tunepro up 7%.. airasia down 14%, tunepro down 14%
02/06/2020 3:43 PM
warchest Tune going to fly high soon. Please wear your seatbelt and prepare for the launch soon
02/06/2020 4:40 PM
pretty_life Sapu sapu all in
02/06/2020 4:50 PM
thesteward Tomolo fly
02/06/2020 9:31 PM
warchest Financial industry counters slowly picking up momentum amid economy reopening soon. And FM going to announce a path to recovery soon. It bode well companies like Tune
04/06/2020 9:13 PM
warchest Testing 40 cents very soon :)
04/06/2020 9:13 PM