Posted by Gohhocks > 2018-11-15 22:50 | Report Abuse

Target price by UOB at 85 cents looks quite realistic, upside around 15% quite possible..

Posted by Flintstones > 2018-11-15 23:26 | Report Abuse

Lmao. Back to 60 cents tomorrow.

Posted by Platypus88 > 2018-11-16 00:30 | Report Abuse

Management already guided that this year profit will not be so good as they are investing for futures.... TunePro is one of the most advance Insurance company - going into AI and IoT. Should look at long term for this stock.

Posted by lizi > 2018-11-16 08:22 | Report Abuse

GG result

Posted by Investeye > 2018-11-16 08:24 | Report Abuse

In a statement today, Tune Protect said gross written premiums rose 8.7% year-on-year to RM122.2 million in 3QFY18, contributed by the digital global travel and Malaysia general insurance businesses.

For the cumulative nine months (9MFY18), the group's net profit rose by a marginal 2.2% to RM38.52 million from RM37.68 million a year ago, while operating revenue increased 5.4% to RM425.7 million from RM404.08 million in 9MFY17.

On prospects, Tune Protect said it expects a more challenging fourth quarter.

"Besides the further impact from debt provisioning under the expected credit loss model, the group will also begin to unfold its cost rationalisation plan and roll out its strategies under its business transformation plan.

"As such, the remaining months ahead are expected to be a period of consolidation in resources and business approach, with lower expectations in the overall profit prospects for the full year," it added.

"However, these strategies are envisaged to give rise to more sustainability and growth in the mid to long term after the challenging initial period," it noted.

Posted by Investeye > 2018-11-16 09:17 | Report Abuse

KUALA LUMPUR (Nov 16): Affin Hwang Capital Research has maintained its “Buy” rating on Tune Protect Group Bhd at 73 sen with a lower target price of RM1.05 (from RM1.20) and said Tune Protect saw a weaker 3Q18 net profit, of which was down 28.3% year-on-year (y-o-y) and 28.7% quarter-on-quarter (q-o-q).

In a note today, it said that as a result, 9M18 net profit saw a marginal growth of 2.2% y-o-y to RM38.5 million, coming in below house and street estimates.

It said given a lower underwriting profit (lower net claims and lower net commissions offset by higher management expenses) of 9M18, its pre-tax-profit of RM45.5 million (+3.3% y-o-y) was sustained by investment income and gains.

“Tune Protect’s outlook remains favourable, supported by strategic initiatives such as the Dynamic Pricing 2.0, a new digital platform and partnership with an Insurtech firm.

“Maintain Buy, Price Target unchanged at RM1.20 (based on a 1.45x P/BV multiple on CY19E EPS),”it said.

Posted by Investeye > 2018-11-16 09:24 | Report Abuse

KUALA LUMPUR: CIMB Equities Research sees low profit growth visibility for Tune Protect's travel insurance business in 2019 which was a drag on its net profit for the nine months ended Sept 30.

However, the research house said on Friday it was optimistic on the expansion of Tune Protect’s general insurance profit, as was reflected by the strong expansion in 9M18.

“As such, we continue to rate Tune as a Hold. The upside/downside risks for our call are a pick-up/slowdown in its premium growth,” it said. It reduced the target price from 93 sen to 75 sen.

CIMB Research said although Tune Protect’s 9M18 net profit only accounted for 66% of its full-year forecast and 65% of Bloomberg consensus estimates, it deem it as in line with expectations in anticipation of a stronger net profit in 4Q18F (vs. 3Q18).

“This is because 4Q is seasonally the strongest quarter for Tune Protect as the pick-up in travelling activities towards year end will benefit its travel insurance business,” it said.

Net profit rose by only 2.1% on-year in 9M18, dragged down by the 5.8% on-year decline in the profit after tax (PAT) of its travel insurance business.

Conversely, its general insurance’s PAT increased 12.7% on-year in 9M18; we believe this was mainly due to lower claims ratio.

Gross written premium for its travel insurance (TI) business increased 6.3% on-year in 9M18.
However, the unit's 9M18 PAT fell 5.8% on-year due to higher management expenses, which pushed up TI’s combined (claims plus cost) ratio from 59.6% in 9M17 to 64.4% in 9M18.

“We retain our FY18F EPS but cut our FY19-20F EPS by 2.7% as we increase the assumed tax rate from 10% to 12%. This is because Malaysia's Budget 2019 states that Labuan's tax ceiling of RM20,000 will be removed in 2019.

“As such, the profit from Tune Protect's TI entity (about 60% of its net profit) in Labuan will be subjected to a tax rate of 3%, instead of a maximum of only RM20,000 before 2019,” it said

Posted by Flintstones > 2018-11-16 09:32 | Report Abuse

Tuneprotect can hype up their business all they want. Recent results have suggested this company is not growing. 10x PE will be a fair price barring any changes in fundamentals.

Posted by Flintstones > 2018-11-16 09:33 | Report Abuse

They can tell everybody they are doing IOT or digital business or whatever. Results not good, traders gonna punish them. Simple as that.

Posted by lizi > 2018-11-16 09:37 | Report Abuse

outlook also not good, well, at least the management is kind enough to tell u that ahead.

Posted by BillyK > 2018-11-16 09:59 | Report Abuse

revised eps 5cts, PE10
around 50

Posted by Investeye > 2018-11-16 10:41 | Report Abuse

Take opportunity to buy few lots to average down the cost..

Posted by shpg22 > 2018-11-16 11:33 | Report Abuse

Inline with management guidance of strong headwind ahead, fair price is further adjusted down to 0.50

Posted by shpg22 > 2018-11-16 11:53 | Report Abuse

Tunepro business model is based on hype (eg. IOT, AI, Blockchain). Result cannot performed since IPO. Management expenses spiraling upward every quarter with deteriorating combine ratio.

Posted by TYS_Capital > 2018-11-16 11:59 | Report Abuse

Q at 0.645 almost whole morning tak kena, jialat. hope I don't miss this awesome stock

Posted by TYS_Capital > 2018-11-16 12:01 | Report Abuse

this kind of cheap stock with at least 4% dividend really my appetite le. got a bit nervous liao, jialat

Posted by TYS_Capital > 2018-11-16 12:06 | Report Abuse

higher expenses can be managed, operating revenue got growth is the thing attractive. just want to see business growth. startup style, growing stage, this company is a true business.

Posted by shpg22 > 2018-11-16 12:07 | Report Abuse

Oh...then u slow slow collect la. No hurry

Posted by Chanfang > 2018-11-16 13:29 | Report Abuse

This sohai najib gang member counter hexx going lo...

Posted by Chanfang > 2018-11-16 13:31 | Report Abuse

Wait anwar replace tongkat horse then enter.

Posted by davidkkw79 > 2018-11-16 13:33 | Report Abuse

Eps only 1.2sen.... http://www.bursamalaysia.com/market/listed-companies/company-announcements/5975489

Posted by davidkkw79 > 2018-11-16 14:07 | Report Abuse

Tp price revise to 40 sen is more realistic

Posted by willc48 > 2018-11-16 14:18 | Report Abuse

Bastard. Despite making good profit to its size & against other general insurance company, still no dividend except profit ploughed to push airasia share price. When will Anthony Loke going to take action against AirAsia for its pricing misleading tactics?

Posted by TYS_Capital > 2018-11-16 15:11 | Report Abuse

Q at 0.645 masih belum kena

Posted by davidkkw79 > 2018-11-16 16:55 | Report Abuse

It is normal at first day, your hard to get any lower price, it is because of their banker purposely support it to make it look like very firm & supportive at 65 sen. But don;t worry, the next few days you continue queue for it, sure you will get it lower and lower.

Posted by shpg22 > 2018-11-16 18:18 | Report Abuse

Yalo...so kin cheong for wat. Soon 0.50 also can get. Sked u not enough money only

Posted by cyeec2000 > 2018-11-16 19:02 | Report Abuse

0.5 can be possible?

Posted by Tan Chinhoe > 2018-11-16 20:04 | Report Abuse

The price 0.50 too far

Posted by jack2 > 2018-11-16 20:56 | Report Abuse

Bad times
Play safe with margin of safety

Posted by chesslim > 2018-11-16 22:41 | Report Abuse

记住，当别人恐惧时你要贪婪。

Posted by BN_better > 2018-11-17 06:05 | Report Abuse

Why TF never buy back? He think can get even cheaper?

Posted by davidkkw79 > 2018-11-17 13:25 | Report Abuse

Their initial cost is damn lower as u imagined.

Posted by yuefei01 > 2018-11-17 14:23 | Report Abuse

Nice!! Shpg22 ask to sell with TP 50 cent, then I will buy some next week. When shpg22 give buy call, I will sell all like last round. See whether i can make it for second round

Posted by James Ng > 2018-11-17 14:23 | Report Abuse

https://klse.i3investor.com/blogs/general/182693.jsp
[转贴] [TUNE PROTECT GROUP BHD：致力于其数字化转型计划中的各种短期和长期举措，以加强集团作为数字保险公司的地位，推出了Sports+，这是第一个针对极限运动的按需保护计划] - James的股票投资James Share Investing

Posted by shpg22 > 2018-11-17 14:59 | Report Abuse

When Shpg22 give a fair price the market follow. Can check back to verify.

Nice!! Shpg22 ask to sell with TP 50 cent, then I will buy some next week. When shpg22 give buy call, I will sell all like last round. See whether i can make it for second round.

Posted by shpg22 > 2018-11-17 15:13 | Report Abuse

This call was made when the price is at 0.84. Price drop to low of 0.60 before rebound.

Posted by shpg22 > Aug 30, 2018 11:43 PM | Report Abuse X

Combine Ratio (CR) has deteriorate. Looks like last Q improved CR is only 1 off. Downgrade fair price to 0.70

Posted by Tan Chinhoe > 2018-11-17 18:52 | Report Abuse

Good time to collect will announce another new policy insurance very soon

Posted by TYS_Capital > 2018-11-18 21:32 | Report Abuse

sma at 0.66, considers as a fair value, of course it is even better if you can get lower but I doubt for that as the company's business is still alive. the problem is now how the company can control or cut down the costs. the revenue part, we all can see growth.

Posted by TYS_Capital > 2018-11-18 21:35 | Report Abuse

the company seems like exploring market with more manpower and resources. ya, I guess most staffs are contract basic and can send off if they can't perform. So, short term business expenses with the purpose to enlarge market and with sufficient cash flows for a specific time frame for this act. I think ok guo.

Posted by TYS_Capital > 2018-11-18 21:35 | Report Abuse

this is real business

Posted by Tan Chinhoe > 2018-11-18 22:47 | Report Abuse

After selloff on Friday, may have some technical rebound

Posted by chesslim > 2018-11-19 23:28 | Report Abuse

TP will up to 0.80 above at 2018 end.

Posted by Chanfang > 2018-11-22 10:13 | Report Abuse

Actual price will down to 0.50 below at 2018 end.

Posted by Michael Heng > 2018-11-22 16:15 | Report Abuse

tunepro will be between 0.5-0.8 at year end

Posted by TYS_Capital > 2018-11-22 21:32 | Report Abuse

haha, I sapu this stock till broke. nvm, added this stock in, portfolio gham gham 20% dividends return

Posted by TYS_Capital > 2018-11-22 21:33 | Report Abuse

one year 20k dividends also so hard. damn tired

Posted by Tan Chinhoe > 2018-11-23 20:11 | Report Abuse

Wow, can collect slowly

Posted by davidkkw79 > 2018-11-23 22:48 | Report Abuse

Collect until u homeless

Posted by Tan Chinhoe > 2018-11-24 12:59 | Report Abuse

This is cycle time, all share are down

Posted by Tan Chinhoe > 2018-11-24 13:03 | Report Abuse

This company still profitable, better collect now