TUNE PROTECT GROUP BERHAD

KLSE (MYR): TUNEPRO (5230)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.305

Today's Change

+0.025 (8.93%)

Day's Change

0.295 - 0.31

Trading Volume

967,200


11 people like this.

5,302 comment(s). Last comment by Eric Fong 16 hours ago

WDragon

135 posts

Posted by WDragon > 2014-02-26 06:37 | Report Abuse

I think somebody to accumulate the share. If not, why a lot of trade between 1.80-1.85.

speakup

27,048 posts

Posted by speakup > 2014-02-26 07:38 | Report Abuse

Tuneins is a good company, but i think it is too pricey. NTA 48sen and pays no dividend but share price trading at about 4x NTA. Only good thing is its ROE is quite high 19.

speakup

27,048 posts

Posted by speakup > 2014-02-26 07:41 | Report Abuse

FA wise not much margin of safety.
but TA wise good, sitting at support level.

novice8

603 posts

Posted by novice8 > 2014-02-26 07:45 | Report Abuse

speakup, do you feel it will go further up?

Marc

96 posts

Posted by Marc > 2014-02-26 12:50 | Report Abuse

Don't think it will go up in the 1H of FY14. 19% of Tune's revenue is from Thailand. Short term wise, 1st and 2nd qtr results might be hit due to political unrest in Thailand.

ethg

226 posts

Posted by ethg > 2014-02-27 11:56 | Report Abuse

cant understand with fantastic quarter result why the price still keep dropping...PE too high?

Posted by petertan1976 > 2014-03-01 21:08 | Report Abuse

Dividen will be out for 1st quarter 2014 with 0.05 sen

Hotrod

731 posts

Posted by Hotrod > 2014-03-07 11:44 | Report Abuse

Any idea when this stock will ever start moving ?

Posted by Gan K O Gan > 2014-03-08 12:39 | Report Abuse

would it be affected by MAS case?

thundercats

7,640 posts

Posted by thundercats > 2014-03-08 19:43 | Report Abuse

The big questions are whether Tune Ins underwrite insurance to cover Mas air passengers? If Tune Ins does cover Mas passengers insurance, then surely TI will be affected. let's hope for the best to all MAS plane passengers .

novice8

603 posts

Posted by novice8 > 2014-03-10 18:50 | Report Abuse

whats up tune??

ethg

226 posts

Posted by ethg > 2014-03-14 17:00 | Report Abuse

.... any good news? jump up so high suddenly..........

Posted by edwinwang > 2014-03-14 17:04 | Report Abuse

Tune bought Osotspa, Thailand Insurance company. Now they can tap on 10.5 million Thai AirAsia travellers.

ethg

226 posts

Posted by ethg > 2014-03-14 17:15 | Report Abuse

@edwinwang Thx for your info!

novice8

603 posts

Posted by novice8 > 2014-03-14 18:53 | Report Abuse

yaa... whats up tune??

Hotrod

731 posts

Posted by Hotrod > 2014-03-18 21:31 | Report Abuse

when is this counter ever gonna move ?

m_faiza1

556 posts

Posted by m_faiza1 > 2014-03-21 13:02 | Report Abuse

Maintain OVERWEIGHT. We remain OVERWEIGHT on the sector, but are more selective on quality insurers. For investors seeking value, we have a BUY on Syarikat Takaful Malaysia (STMB MK, BUY, FV: MYR13.10) - a proxy to the takaful sector that has been outperforming the takaful industry. We also have a BUY on Tune Ins Holdings (TIH MK, BUY, FV: MYR2.40), which we view as a growth stock with high earnings growth potential, riding on margin boost and regional expansion of its travel insurance business
-RHB-

ethg

226 posts

Posted by ethg > 2014-03-25 12:14 | Report Abuse

volumn... zero..... WHTS THAT MEAN

Hotrod

731 posts

Posted by Hotrod > 2014-03-30 15:52 | Report Abuse

boring stock

kidz90

6 posts

Posted by kidz90 > 2014-04-04 11:04 | Report Abuse

kindly to help me by explain how dividend will be calculate..i still new in this thing..

ethg

226 posts

Posted by Lai Kim Chuan > 2014-04-04 14:10 | Report Abuse

finally, it has come back

lai81533

987 posts

Posted by lai81533 > 2014-04-06 15:29 | Report Abuse

monday will go up and may reach rm2.50

lai81533

987 posts

Posted by lai81533 > 2014-04-06 15:37 | Report Abuse

good counters. Dont let go.

lai81533

987 posts

Posted by lai81533 > 2014-04-06 15:41 | Report Abuse

buy now is on uptrend nobody businesss.

4u2c

3,553 posts

Posted by 4u2c > 2014-04-06 15:42 | Report Abuse

hope so.....! My warrants also showing excellent profit ! Came back from the dead after Cheng Beng !!

lai81533

987 posts

Posted by lai81533 > 2014-04-06 21:47 | Report Abuse

4u2c, what warrant you bot? call warrant?

Posted by Aravind Kpn > 2014-04-07 10:10 | Report Abuse

yep..2.50 easy

Posted by limjiaxiang > 2014-04-11 01:32 | Report Abuse

I bought CA

johnny cash

6,400 posts

Posted by johnny cash > 2014-04-14 20:46 |

Post removed.Why?

johnny cash

6,400 posts

Posted by johnny cash > 2014-04-14 20:48 | Report Abuse

New catalyst No. 1
Entry into Middle East
On 20 Jan 14, Tune Ins entered into a joint venture agreement with Cozmo
Travel LLC (CT) to distribute travel insurance products. Subsequently, the JV
company was registered with the Department of Economic Development of
Dubai on 12 Mar 14. Tune Ins has a 49% stake in the company with the
remaining 51% held by Cozmo. As stated in an article that appeared in The
Edge over the weekend, the above JV will also give Tune Ins access to air
travellers not only in the Middle East but also Europe and even North Africa.
We understand that the key top management staff of the travel insurance unit
has been working closely with Cozmo to prepare for the commencement of the
JV in 2H14. As the booking of tickets in Dubai will still be done mainly through
agents, Tune Ins’s strategy in the Middle East is somewhat different as it will
focus on developing a system that could be placed in the agents’ offices for them
to purchase travel insurance for clients.
The above comes as a “bonus” for the company as it did not plan for the JV
when it launched its IPO last year. Tune Ins was referred to Cozmo by one of its
shareholders who likes the former's business model and capabilities in the
travel insurance business.
About Cozmo
The company was launched in Jan 10, offering customised travel solutions to
both independent and corporate travellers. Its services include travel planning,
ticketing services, hotel bookings, visa processing as well as organising
activities such as excursions and safaris.
Cozmo Travel kicked off its operations as a full-fledged IATA-certified
(International Air Transportation Association) travel agency on 26 May 10 in
Sharjah. It has a total of 12 branches operating out of the UAE. The company
also has outlets in Doha and Riyadh. Its operations have expanded to other
countries, including Saudi Arabia, Kuwait and Bahrain.

johnny cash

6,400 posts

Posted by johnny cash > 2014-04-14 20:48 | Report Abuse

Benefits of the tie-up
The JV will benefit Tune Ins in the following manner:
 A new stream of revenue
 Diversifying away from AirAsia
 A maiden venture into Middle Eastern markets
The contributions from this JV may be small compared to those from AirAsia as
(1) AirAsia is one of the leading low-cost carriers in Asia, (2) Tune Ins only
owns 49% of the JV company, and (3) the commission rate in Middle East is
higher at 50-70% compared to 25-30% in other countries. However, the JV
should be earnings-enhancing due to the low start-up costs relative to the
revenue.

New catalyst No. 2
Planting the flag in Thailand
On 4 Apr 14, the Office of Insurance Commission Thailand gave the approval
for Tune Ins to hold up to 49% in Osotspa Insurance Public Company Limited
(OI). We understand from management that all parties will sign the agreement
for the deal within 1-2 weeks, with Tune Ins acquiring a 49% stake in OI. Its
another partner will acquire 25% of OI, with the 26% interest remaining in the
hands of the existing shareholders. The 49% stake will cost Tune Ins about
US$10m.

johnny cash

6,400 posts

Posted by johnny cash > 2014-04-14 20:49 |

Post removed.Why?

jackson87

475 posts

Posted by jackson87 > 2014-04-14 20:49 | Report Abuse

Tuneins has been in sideways for few mths
Don't disappoint us plz

We have been with u for more than 6 mths
With the biz expansion and the importance of
Travel insurance

Tune insurance fly plz

Kekekekkekekemne

johnny cash

6,400 posts

Posted by johnny cash > 2014-04-14 20:49 |

Post removed.Why?

johnny cash

6,400 posts

Posted by johnny cash > 2014-04-14 20:59 |

Post removed.Why?

johnny cash

6,400 posts

Posted by johnny cash > 2014-04-14 21:00 | Report Abuse

The new products for TIM include snatch-theft insurance, employer-liability
insurance and cheaper-cost life insurance (for its tie-up with a life insurance
company).

Lifting earnings forecasts and target price
We are raising our EPS forecasts by 1.6% for FY14 and about 4% for FY15-16 to
factor in the two corporate exercises, as follows:
 Factoring in the tie-up with Cozmo increases our net profit forecasts by
1-2.4%, based on the assumptions of a rise of 5-11% for gross premium and
10-20% for the travel insurance business's operating costs.
 As we factor in the proposed acquisition of Osotspa in Thailand, our net
profit forecast for FY14 increases by 0.7% and that for FY15-16 rises 1.6%.
This is based on the assumptions of (1) 15% of its travel insurance
premium generated in Thailand, (2) a 70:30 sharing of the premium in
Thailand for Tune Ins and its partner, (3) 50% net profit margin, and (4)
Tune Ins acquiring a 49% stake in Osotspa.
The higher EPS forecasts also cause our target price to increase from RM2.55 to
RM2.71.

APPENDIX
Information on Osotspa Insurance
 Fire – perils of fire, lightning, earthquake, explosion hazards due to
water-based vehicles and aircraft disasters (not including flood)
 Expanded coverage – temporary housing
 Addition of coverage for natural disasters – flood, hurricane,
windstorm and hail – with a combined liability of THB100,000
 Addition of coverage for flood, hurricane and tsunami, with a combined
liability of not more than THB100,000
 Compulsory motor insurance – Victims Insurance Protection Act of 2535
requires all types of automotive vehicles registered with the Department of
Transport to be insured for deaths and physical injuries of the
drivers/passengers. The insurance also has third-party coverage.
 Medical expenses not exceeding THB50,000 per person, in case of
injuries
 An amount of THB200,000 per person for death and permanent
disability
 The total claims shall not exceed THB204,000 per person
 Voluntary motor insurance
Insurance Type 1 (most comprehensive coverage)
 Own and third-party vehicles or property coverage
 Coverage of losses from fire on the motor vehicles
 Addition premium for riders to cover insurance for personal accidents,
medical costs and bail expenses in criminal cases
Policy Type 2 (Class 2)
 Coverage includes (1) bodily injuries of the passengers and third party,
(2) damages to third party’s property, and (3) fire on the insured
vehicle
Policy Type 2 + 2 Plus

johnny cash

6,400 posts

Posted by johnny cash > 2014-04-14 21:01 | Report Abuse

 Coverage includes (1) bodily injuries of the third party, (2) damages to
third party’s property, (3) fire on the insured vehicle, and (4) damages
to the insured vehicle during an accident
Policy Type 3
 Only covers third parties, including the loss of life, bodily injuries as
well as damages to the property of the third party.
Policy Type 3 + 3 Plus
 Coverage includes the loss of life and bodily injuries for a third party,
damages to the property of a third party as well as damages to the
insured vehicles during an accident
 Marine and transportation (cargo)
 Coverage for loss or damage of goods while in transit, through the
means of ships, airlines, cars and trains or by mail.
 Personal accident (PA) – provides 24-hour coverage everywhere around
the world, whether the policyholders are at work, at home and travelling.
 Cancer insurance
 Insurance risks
 Legal liability insurance
 Insurance for SMEs

johnny cash

6,400 posts

Posted by johnny cash > 2014-04-14 21:03 | Report Abuse

Sit tight for another round of
re-rating

THE ABOVE IS CIMB REPORT dated 14//04//14

wahaha

215 posts

Posted by wahaha > 2014-04-21 20:20 | Report Abuse

Johnny, Can you post the relevant link so we can read it? Thanks.

mfaizalm80

456 posts

Posted by mfaizalm80 > 2014-06-02 15:02 | Report Abuse

trading buy tune tp2.93....buy recommendation

wahaha

215 posts

Posted by wahaha > 2014-06-02 15:13 | Report Abuse

Wahh... what happened?? Increasing...

SimonSezs

886 posts

Posted by SimonSezs > 2014-06-02 17:30 | Report Abuse

what is the short term tp? thx

thteh

106 posts

Posted by thteh > 2014-06-02 17:42 | Report Abuse

Anything happening ? why it suddenly is active and climb 20 over sen .

SimonSezs

886 posts

Posted by SimonSezs > 2014-06-02 18:27 | Report Abuse

yeah can someone pls explain why it suddenly shot up? thx

Posted by chiongster1234 > 2014-06-02 20:52 | Report Abuse

Very simple, cos someone want make it high.

Post a Comment