Posted by Jeffreyteck > 2020-07-13 21:17 | Report Abuse

Ceo resigned for new opportunities... haha, instead of reporting worst results Q2.

Posted by Orson Chin > 2020-07-13 22:31 | Report Abuse

all ppl force her resign la... do nth... share price keep drop like shit..

Posted by babyqueen > 2020-07-14 07:02 | Report Abuse

Gone case

Posted by Good123 > 2020-07-14 08:16 | Report Abuse

Akan jatuh .CEO Dah resign. sering Tukar CEO. Ada hantu Dalam tune protect Ka?

Posted by Davidl > 2020-07-14 12:03 | Report Abuse

Patiently wait at 0.20!

Posted by warchest > 2020-07-16 00:07 | Report Abuse

https://klse.i3investor.com/blogs/TimelessInvestment/2020-07-16-story-h1510570654-Tune_Protect_Group_Critical_Questions_for_coming_AGM_4_August_2020.jsp

Posted by warchest > 2020-07-16 00:08 | Report Abuse

Let's bring along those issues in the coming AGM to protect the interests of minority shareholders

Posted by Jeffreyteck > 2020-07-16 08:54 | Report Abuse

Unless goreng up without good reasons, no thesis for now. Maybe a high profile new ceo may temporarily push up its price or TF trying to give confidence as for AA.

Posted by yfchong > 2020-07-19 10:15 | Report Abuse

Boss also tender resignation

Posted by gemfinder > 2020-07-19 11:36 | Report Abuse

Bankrap soon

Posted by Good123 > 2020-07-22 16:04 | Report Abuse

CEO resigned ,share fell.Change

Posted by Good123 > 2020-07-22 16:04 | Report Abuse

Change

Posted by Good123 > 2020-07-22 16:04 | Report Abuse

Change in Principal Officer

TUNE PROTECT GROUP BERHAD
Date of change31 Jul 2020NameMISS KHOO AI LINAge51GenderFemaleNationalityMalaysiaType of changeResignationDesignationGroup Chief Executive OfficerReasonMs Khoo Ai Lin will be moving on to pursue new opportunities.Details of any disagreement that he/she has with the Board of DirectorsNoWhether there are any matters that need to be brought to the attention of shareholdersNo

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information

1

Degree

Bachelor's Degree in Economics majoring in Banking and Finance

La Trobe University, Melbourne, Australia

  Working experience and occupation1.TUNE INSURANCE MALAYSIA BERHAD Chief Executive Officer (August 2017 to May 2019) 2. PRUDENTIAL ASSURANCE MALAYSIA BERHAD Chief Marketing Officer (August 2016 to July 2017) Chief Officer - Partnership, Distribution

Posted by Good123 > 2020-07-22 16:05 | Report Abuse

share price tumbled

Posted by Good123 > 2020-07-22 16:05 | Report Abuse

without CEO to cut cost :)

Posted by Good123 > 2020-07-22 16:05 | Report Abuse

takda new CEO announced

Posted by Good123 > 2020-07-22 16:06 | Report Abuse

target price around 20sen, becoming reality without CEO soon :)

Posted by Good123 > 2020-07-22 22:19 | Report Abuse

tune pro also sinks with airasia

Posted by Arnold76 > 2020-07-23 13:34 | Report Abuse

Although missing most travel insurance, I think this is temporary only will be come back soon..

Posted by Arnold76 > 2020-07-23 13:36 | Report Abuse

In few months market share price up , maybe earns a lot in investment portfolio...

Posted by Good123 > 2020-07-24 10:09 | Report Abuse

Target Price (TP). We are rolling forward our valuation base year to FY21 and revise our TP to RM0.25 (previously RM0.42). This is derived by pegging its FY21EPS of 3.7sen to PER of 6.9x which is about the 1.0x SD-discount to the group’s 2-year historical average.

Downgrade to SELL. We are foreseeing a bleak outlook of the group’s earnings performance in FY20 where it could be potentially dragged by its AirAsia segment in the intermediate term due to the extended MCO throughout 2QCY20 and COVID-19 outbreak which has disrupted global travel. To recall, travel insurance has been the key profit contribution for the group (>70%). Moving forward, we are expecting that the reduced air travel demand and unfavourable claims environment to put further downward pressure on its revenue and NEP which could possibly result in lower underwriting profit as evidenced in 1QFY20. Note that the travel segment still accounts for about 80.0% of the NEP of its TPR’s businesses. We also expect the group’s underwriting profit to be negatively affected by the general insurance arm, TPM, due to the increasingly competitive landscape and weakening economic indicators. All in, we are downgrading our call on TPG to SELL from previously NEUTRAL.

Source: MIDF Research

Posted by Good123 > 2020-07-24 10:09 | Report Abuse

towards 25sen

Posted by Good123 > 2020-07-24 17:25 | Report Abuse

sink with airasia

Posted by firehawk > 2020-07-25 11:38 | Report Abuse

slow slow die ....: -(

Posted by Good123 > 2020-07-26 14:53 | Report Abuse

terjun bersama airasia. Menteri Kanan (Kluster Keselamatan) Ismail Sabri Yaakob tidak menolak kemungkinan Perintah kawalan pergerakan (PKP) kembali dilaksanakan jika kes positif harian Covid-19 di negara ini mencecah tiga angka.

Beliau berkata, jika kes terus meningkat kerajaan tiada pilihan melainkan menguatkuasakan semula PKP sekali gus mengehadkan pergerakan seperti yang dilakukan pada awal penularan wabak berkenaan.

"Empat hari berturut-turut kes meningkat. Laporan Kementerian Kesihatan Malaysia (KKM) mengatakan kes meningkat disebabkan kealpaan kita sendiri. Kita lupa apabila kita melanggar prosedur operasi standard (SOP) akhirnya kes semakin meningkat.

Posted by Good123 > 2020-07-27 11:53 | Report Abuse

Q2,2020 will report loss probably, tumble to 20-25sen range

Posted by Good123 > 2020-07-28 14:18 | Report Abuse

fall with aax n AirAsia

Posted by Good123 > 2020-07-28 14:18 | Report Abuse

will tumble more after aax Results

Posted by markus > 2020-07-28 15:27 | Report Abuse

https://www.marketwatch.com/story/travel-will-never-ever-go-back-to-the-way-it-was-airbnb-ceo-says-2020-06-28

Posted by Good123 > 2020-07-28 16:42 | Report Abuse



 5230    TUNEPRO    TUNE PROTECT GROUP BERHADOTHERSOTHERS
TUNE PROTECT GROUP BERHAD ("TPG" or "the Company") - Proposed Authority for the
Company to Purchase its Own Shares of up to 10% of the Total Number of Issued
Shares of the Company
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

22/05/2020   07:00 AM

Ref Code: 202005223000497

Posted by Good123 > 2020-07-28 16:43 | Report Abuse

5230    TUNEPRO    TUNE PROTECT GROUP BERHADOTHERSOTHERS
TUNE PROTECT GROUP BERHAD ("TPG" or "the Company") - Proposed Authority for the
Company to Purchase its Own Shares of up to 10% of the Total Number of Issued
Shares of the Company
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

22/05/2020   07:00 AM

Ref Code: 202005223000497

Posted by Good123 > 2020-07-28 16:43 | Report Abuse

those who trust AirAsia , tune pro is a better alternative

Posted by Good123 > 2020-07-28 16:44 | Report Abuse

still profitable belum rugi macam AirAsia and aax

Posted by Good123 > 2020-07-28 16:45 | Report Abuse

probably this insurance company will be sold to others like kurnia insurance

Posted by Good123 > 2020-07-28 16:47 | Report Abuse

NTA 74sen. profitable , acquisition target

Posted by Good123 > 2020-07-28 16:49 | Report Abuse

div yield 10.5%

Posted by Good123 > 2020-07-28 16:50 | Report Abuse

pe~6x

Posted by Victor Yong > 2020-07-28 16:57 | Report Abuse

:)

Date Close
27/07/2020 0.29
24/07/2020 0.295
23/07/2020 0.30
22/07/2020 0.30
21/07/2020 0.305
20/07/2020 0.305
17/07/2020 0.315
16/07/2020 0.315
15/07/2020 0.315
14/07/2020 0.32
13/07/2020 0.32
10/07/2020 0.33
09/07/2020 0.325
08/07/2020 0.325
07/07/2020 0.335
06/07/2020 0.345
03/07/2020 0.345
02/07/2020 0.335
01/07/2020 0.335
30/06/2020 0.33

Posted by Victor Yong > 2020-07-28 16:59 | Report Abuse

Description
TUNEPRO engages in the provision of various general and life insurance products in the Asia Pacific. It offers a range of online insurance products, including travel, lifestyle protection, and guest personal accident insurance products.

Fundamentals
TUNEPRO expects impacts from local political landscape and 2019 novel coronavirus (COVID-19) outbreak to be short-term with the expectation that tourism would rebound in the second-half boosted by the various initiatives undertaken in ASEAN countries and the budget stimulus announcement in Malaysia. Although there will be some impact on performance, over the course of the year, the group will endeavour to deliver satisfactory financial results through portfolio rebalancing strengthened by the ongoing transformation initiatives and strategies.



Source: PublicInvest Research - 20 Apr 2020

Posted by Victor Yong > 2020-07-28 17:00 | Report Abuse

Tune Protect Group Bhd is a Malaysia investment holding company that underwrites and reinsures non-life insurance products through its subsidiary companies. The group is organized into five major business segments, investment holding, and others, funds managed through collective investment schemes, general reinsurance, life reinsurance and general insurance business. The company has two general insurance businesses, Tune Insurance Malaysia Berhad as well as an associate company, Tune Insurance Public company Limited, located in Thailand. Both offer a range of products while also underwriting travel businesses in their respective countries. The company generates the majority of its revenue from general insurance business segment.

Posted by Victor Yong > 2020-07-28 17:17 | Report Abuse

Tune Protect Remains Resilient in 1Q2020
Staying steadfast with Recovery Plan
KUALA LUMPUR, 22 May 2020 - Tune Protect Group Berhad (‘Tune Protect’ or ‘the
Group’; TUNEPRO, 5230) posted a Profit After Tax (‘PAT’) of RM2.8 million with
Operating Revenue (‘OR’) of RM122.4 million and Gross Written Premiums (‘GWP’) of
RM113.2 million for the first quarter of 2020 (‘1Q2020’). The Group’s PAT and OR
declined by 86.2% and 3.4% respectively while its GWP decreased 3.8% YoY.
The lower 1Q2020 PAT is a factor of the decrease in travel business, lower underwriting
profit and unrealised investment loss due to weaker performance in the fixed income
market, whilst the drop in GWP is partly due to a decline in its travel business recorded
by Tune Protect Re (‘TPR’), the Group’s reinsurance arm, aligned to the reduction in air
travel demand, and a decrease in the Motor line of business recorded by Tune Protect
Malaysia (‘TPM’), the Group’s Malaysian General Insurance subsidiary.
Reduced Air Travel Demand Weighed on TPR
TPR managed to record a PAT of RM7.8 million in 1Q2020, despite the challenging
business environment caused by the COVID-19 pandemic. On a YoY basis, TPR’s PAT
declined by 37.8%, attributed to lower travel demand in Asia and Middle East. However,
on a quarter-on-quarter (QoQ) basis, TPR’s 1Q2020 PAT was 26% higher.
Meanwhile, TPR posted a 1Q2020 GWP of RM17.8 million, a decrease of 22.9% YoY.
The decrease in premium was a result of the reduced performance of the Travel business
and the lower premium retention for the Malaysian market.
TPM and Overseas Ventures Impacted by Investment Income
TPM recorded a minor decrease in GWP by 2% to RM98.2 million compared to the same
period a year ago, mainly due to the lower Travel Personal Accident (TPA) and Motor
portfolios, partially offset by the growth in the commercial and retail Non-Motor classes of
business. 1Q2020 PAT decreased to RM0.5 million mainly due to unrealised investment
loss as well as lower underwriting profit. Despite the marginal decline in GWP for 1Q2020,
TPM is moving towards the preferred portfolio mix between Motor and Non-motor, a ratio
of 35:65.

Posted by Victor Yong > 2020-07-28 17:18 | Report Abuse

The Group’s 1Q2020 overseas ventures recorded a share of loss of RM1.9 million, versus
a share of profit of RM1.0 million in 1Q2019. The decline is mainly due to unrealised
investment losses by Tune Protect Thailand (‘TPT’), the Group’s associate company in
Thailand, and the lower premiums from Tune Protect EMEIA (‘TP EMEIA’), the Group’s
joint venture company in Dubai, the United Arab Emirates.
“The COVID-19 outbreak has affected many businesses and industries globally, and
Tune Protect was not spared. However, the Group remains resilient with a healthy capital
position and adequate liquidity to weather the uncertainties that lie ahead.” said Khoo Ai
Lin (‘Ai Lin’), Group Chief Executive Officer of Tune Protect.
Tune Protect Recovery Plan 2020
The Group has put together a comprehensive recovery plan to address the impact caused
by the pandemic. The plan focuses on three sections: Immediate interventions on current
business; Re-prioritise line-of-business, channel and partner diversification; and Expand
offerings and solutions focusing on the new normal.
Immediate interventions on current business: The Group is closely managing its
receivables and expenses as well as optimising its investment returns by planned asset
reallocation.
Re-prioritise line-of-business, channel and partner diversification: The recovery
focus will be on driving the preferred business segments of key agents and brokers
businesses, as well as expediting digital and affinity partnerships.
Expand offerings and solutions focusing on the new normal: New products and
solutions that meet market’s demand, particularly in areas that address consumers’
preventive, protective, and lifestyle propositions are in the plan. Together with its airline
partners, plans are also underway to expand travel protection to align with the enhanced
safety requirements of the travel sector.
“The COVID-19 situation has reshaped human behaviour with consumers preference
leaning on a more digital-led recovery. The new normal for the insurance sector will be
technology and protection coming together as a complete solution to customers. Despite
a negative shorter-term outlook, I believe that in the longer term, given our aspiration of becoming the leading digital insurer, Tune Protect is poised to navigate our way through
successfully in a digital environment,” Ai Lin concluded.

Posted by Victor Yong > 2020-07-28 17:20 | Report Abuse

I think unrealised investment losses will become unrealised investment gains due to bull run in many markets in Q2,2020

Posted by Victor Yong > 2020-07-28 17:22 | Report Abuse

Between AirAsia/aax and tune protect, I rather choose tune protect, still profitable even for Q1,2020. Results for Q2,2020 could give us a surprise due to unrealised investment gains in many markets

Posted by Victor Yong > 2020-07-28 17:25 | Report Abuse

Cash position has strengthened a lot. Cash generated from operations~ RM 37mil+

Tune Protect Group Berhad (201101020320 [948454-K])
Condensed consolidated statement of cash flows
For the period ended 31 March 2020
31 Mar 2020 31 Mar 2019
RM'000 RM'000
Cash flows from operating activities
Profit before taxation 3,577 22,295
Adjustments for:
Non-cash items 219 (3,100)
Investment related income 272 (10,167)
Operating profit before working capital changes 4,068 9,028
Net change in operating assets (46,966) (8,192)
Net change in operating liabilities 75,180 (18,955)
Cash used in operating activities 32,282 (18,119)
Net interest received 827 771
Net dividend received 4,510 2,316
Rental received - 11
Retirement benefits - -
Income tax paid (478) (1,302)
Net cash generated from/(used in) operating activities 37,141 (16,323)
Cash flows from investing activities
Purchases of fair value through profit or
loss ("FVTPL") financial assets (61,046) (20,897)
Proceeds from disposal of FVTPL financial assets 45,434 27,694
(Increase)/decrease in loans and receivables (521) (5,524)
Proceeds from disposal of property and equipment 2 14
Purchase of property and equipment (149) (170)
Purchase of intangible assets (859) (345)
Net cash (used in)/generated from investing activities (17,139) 771
Cash flows from financing activity
Repayment of lease liabilities (544) (357)
Net cash used in financing activities (544) (357)
Net increase/(decrease) in cash and cash equivalents 19,459 (15,909)
Effect of exchange rate changes on cash
and cash equivalents 86 (3)
Cash and cash equivalents at beginning of period 39,414 26,304
Cash and cash equivalents at end of period 58,959 10,392
Cash and cash equivalents comprise:
Fixed and call deposits (with original maturities of less than
three months) with licensed financial institutions 45,431 5,407
Cash and bank balances 13,528 4,985
58,959 10,392
3 months ended
Current quarter
The condensed financial statements should be read in conjunction with the audited financial
statements for the year ended 31 December 2019.
5

Posted by Victor Yong > 2020-07-28 17:27 | Report Abuse

Since IPO, tak pernah rugi including Q1, 2020

Posted by Good123 > 2020-07-28 17:43 | Report Abuse

Date High Vol. Low Price Chg. % Open
01/07/2020 0.35 3.28M 0.28 0.285 -13.64% 0.325
01/06/2020 0.395 66.20M 0.31 0.33 6.45% 0.32
01/05/2020 0.365 36.28M 0.3 0.31 -12.68% 0.345
01/04/2020 0.38 81.84M 0.26 0.355 33.96% 0.26
01/03/2020 0.435 69.18M 0.2 0.265 -39.08% 0.43
01/02/2020 0.505 31.04M 0.425 0.435 -13.86% 0.49
01/01/2020 0.59 28.71M 0.505 0.505 -10.62% 0.565
01/12/2019 0.575 19.53M 0.54 0.565 3.67% 0.545
01/11/2019 0.625 35.32M 0.54 0.545 -9.17% 0.6
01/10/2019 0.61 30.78M 0.54 0.6 3.45% 0.58
01/09/2019 0.64 13.22M 0.575 0.58 -4.13% 0.61
01/08/2019 0.695 22.66M 0.59 0.605 -12.95% 0.685
01/07/2019 0.765 49.73M 0.685 0.695 1.46% 0.695
01/06/2019 0.71 11.17M 0.66 0.685 -2.14% 0.7
01/05/2019 0.72 15.21M 0.655 0.7 0.72% 0.7
01/04/2019 0.715 13.95M 0.655 0.695 3.73% 0.68
01/03/2019 0.715 32.76M 0.63 0.67 6.35% 0.63
01/02/2019 0.69 18.50M 0.615 0.63 2.44% 0.63
01/01/2019 0.665 30.27M 0.55 0.615 9.82% 0.57
01/12/2018 0.615 17.66M 0.525 0.56 -6.67% 0.605
01/11/2018 0.735 35.01M 0.6 0.6 -4.00% 0.635
01/10/2018 0.775 35.07M 0.6 0.625 -18.30% 0.77
01/09/2018 0.815 18.81M 0.75 0.765 -4.97% 0.805
01/08/2018 0.955 38.47M 0.805 0.805 -14.36% 0.94
Open:0.940 Highest:0.955 Lowest:0.200 Chg. %:-69.68%

Posted by Good123 > 2020-07-28 17:52 | Report Abuse

bull market in market countries. Q2,2020, investment income could be substantial.


Fair value measurement
Level 1:
Level 2:
Level 3:
Quoted Ob- Unob-
market servable servable
price inputs inputs
Date of (Level 1) (Level 2) (Level 3) Total
valuation RM'000 RM'000 RM'000 RM'000
Assets measured at
fair value:
31 March 2020
Financial assets at FVTPL:
Unquoted debt securities
in Malaysia 31 March 2020 - 271,586 - 271,586
Quoted unit trust funds
in Malaysia 31 March 2020 488,162 - - 488,162
488,162 271,586 - 759,748

Posted by Good123 > 2020-07-28 18:03 | Report Abuse

income/gain from investments could be high for Q2, bull run in many countries :)

Tune Protect Group Berhad (201101020320 [948454-K])
Condensed consolidated statement of financial position
As at 31 March 2020
As at As at
31 Mar 2020 31 Dec 2019
Unaudited Audited
RM'000 RM'000
Assets
Property and equipment 4,013 4,282
Intangible assets 4,922 4,402
Right-of-use assets 6,288 2,247
Investment in an associate 62,422 66,145
Investment in a joint venture company 3,534 3,263
Goodwill 24,165 24,165
Deferred tax assets 2,104 2,178
Investments 817,018 786,207
Reinsurance assets 487,701 483,927
Insurance receivables 169,900 130,654
Other receivables 87,334 87,724
Cash and bank balances 13,528 11,704
Total assets 1,682,929 1,606,898
Equity
Share capital 248,519 248,519
Employee share option reserves 3,435 3,477
Foreign currency translation reserve 9,614 11,209
Other comprehensive income ("OCI") reserve 499 499
Other reserve 55 55
Retained earnings 297,738 295,238
Equity attributable to owners of the parent 559,860 558,997
Non-controlling interests 139,310 139,038
Total equity 699,170 698,035
Liabilities
Insurance contract liabilities 791,554 781,305
Deferred tax liabilities 456 572
Insurance payables 137,771 80,559
Retirement benefits 392 392
Other payables 47,214 43,720
Lease liabilities 6,372 2,315
Total liabilities 983,759 908,863
Total equity and liabilities 1,682,929 1,606,898
Net assets per ordinary share attributable to
owners of the parent (RM) 0.74 0.74
The condensed financial statements should be read in conjunction with the audited financial
statements for the year ended 31 December 2019.
1

Posted by Good123 > 2020-07-28 18:05 | Report Abuse

don't be surprised if share buyback occurs and shareholders are given share Dividend