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

retained earnings rm297mil

Posted by Good123 > 2020-07-28 18:13 | Report Abuse

Refer Dividend Policy stated on 2018 annual report page (22):

Since Tune Protect Group Berhad’s listing back in February 2013, we have consistently maintained a payout ratio of above 40%. We foresee this trend to continue as our business continues to generate profits year after year whilst our capital reserves remain sturdy. The current payout ratio is expected to be sustainable as we remain in a zero gearing position with adequate liquidity to support growth and investment initiatives moving forward.

Q4: Is payout ratio of above 40% Tunepro’s Dividend Policy?

Q5: Am I wrong to base on 2018 Dividend Policy and Q4 financial report announced on 28-FEB 2020 financial end 31th 2019 EPS of 6.74 cents and bought more Tunepro shares in expecting a dividend of 3 cents?

Q6: Is it fair to shareholder no dividend was declared for financial end 31th Dec 2019 when EPS is 6.74 cents higher than 2018 EPS of 6.59 cents?

Q7: Please allow me to remind BOD and management, one of Tunepro’s core values: Respect and Trust are at the core of everything we do. Trust is what bonding Tunepro with policyholders. Is this trust extended to between BOD and minority shareholders when come to dividend?

Q8: Will Management publish the answers to my questions in Tunepro website AGM minutes or email the answers back to me?

Refer: https://www.sc.com.my/api/documentms/download.ashx?id=b59a0f5d-c414-4c27-b1c2-37ad15072d47

Where SC encourage shareholders to be prepared and participate effectively at an Annual General Meeting (AGM) with CORPORATE GOVERNANCE CHECKLIST FOR SHAREHOLDERS

Posted by Good123 > 2020-07-28 18:17 | Report Abuse

Valuation

If you’ve read this far waiting for a “Rule of thumb” to value insurance stocks. Unfortunately, I cannot give you any. There are too many factors. It’s a lot more qualitative than most.

You need to judge the “Combined Ratio”, “Insurance Float”, “Cost of Float” and “Investment Return on Investment Float” over a long period.

As well as various qualitative aspects, such as the business, the character of the management, its track record, the leverage and other things. All of which are far from easy.

And if you’re done with the above. The general rule of thumb, is somewhat similar to most companies.

ROE needs to be high enough to cover the cost of capital. And assuming it’s a fairly  decent one, below 1X book is probably cheap, and above 2x book is probably a bit expensive.

However good things are sometimes worth paying for, as I’ll show below.

Posted by Good123 > 2020-07-28 18:20 | Report Abuse

P/B~0.385x, super cheap, not only below 1X but lower than 0.4x the cheapest insurance company around

Posted by Good123 > 2020-07-28 18:26 | Report Abuse

probably coo and CEO combined to cut cost. coo will be promoted to CEO baru

Posted by Victor Yong > 2020-07-28 18:40 | Report Abuse

Insurance companies were sold at p/b value between 1X+ and 3X+. Tune protect at 0.385x is a good target for acquisition. :)

Posted by Victor Yong > 2020-07-28 18:45 | Report Abuse

52 Weeks Range: 0.20 - 0.705
Average Price Target: 0.35
Price Target Upside/Downside: +0.065

Posted by Victor Yong > 2020-07-28 18:48 | Report Abuse

NTA 74sen. P/B if 1x~74sen, 1.5x~rm1.11, 2x~rm1.48, etc

Posted by Victor Yong > 2020-07-28 18:51 | Report Abuse

Worth considering this extraordinary insurance penny stock from the founder of AirAsia group

Posted by Victor Yong > 2020-07-28 18:54 | Report Abuse

THIRTY LARGEST ORDINARY SHAREHOLDERS OF THE COMPANY as at 31 May 2020

Registered Holders
No. of
ordinary
shares
%

1. AirAsia Berhad 102,609,000 13.65
2. RHB Capital Nominees (Tempatan) Sdn Bhd
RHB Islamic Bank Berhad Pledged Securities Account for Tune Group Sdn Bhd
71,008,934 9.45
3. CIMB SI II Sdn Bhd 70,679,123 9.40
4. CIMB Group Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Tune Group Sdn Bhd (GCM CBM-SKY X)
44,000,000 5.85
5. Kumpulan Wang Persaraan (Diperbadankan) 27,938,100 3.72
6. DB (Malaysia) Nominee (Asing) Sdn Bhd
BNYM SA/NV for Ramam World Recovery Fund
10,223,700 1.36
7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (PHEIM)
10,191,800 1.36
8. Toh Ean Hai 5,300,000 0.71
9. Maybank Nominees (Tempatan) Sdn Bhd
Maybank Private Wealth Management for Lim Kian Onn (PW-M00543)(415941)
5,000,000 0.67
10. Citigroup Nominees (Asing) Sdn Bhd
CBNY for Emerging Market Core Equity Portfolio DFA Investment Dimensions Group Inc
4,524,400 0.60
11. HSBC Nominees (Asing) Sdn Bhd
JPMCB NA for Westpac Wholesale Unhedged International Share Trust
4,002,000 0.53
12. HSBC Nominees (Asing) Sdn Bhd
Exempt An for Bank Julius Baer & Co. Ltd. (Singapore BCH)
3,750,000 0.50
13. HSBC Nominees (Asing) Sdn Bhd
NTGS Lux for Univest
3,721,000 0.49
14. HSBC Nominees (Asing) Sdn Bhd
JPMCB NA for the National Farmers Union Mutual Insurance Society Ltd
3,668,000 0.49
15. Cimsec Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Tune Group Sdn Bhd (EDG&GCM)
3,480,000 0.46
16. CIMB Group Nominees (Asing) Sdn Bhd
Exempt An for DBS Bank Ltd (SFS)
3,150,000 0.42
17. Tan Seow Leng 3,049,000 0.41
18. DB (Malaysia) Nominee (Asing) Sdn Bhd
BNYM SA/NV for River and Mercantile Funds ICVC-River and Mercantile Global High Alpha
2,584,100 0.34
19. HSBC Nominees (Asing) Sdn Bhd
TNTC for the Health Foundation
2,317,900 0.31
20. Citigroup Nominees (Asing) Sdn Bhd
CBNY for DFA Emerging Markets Small Cap Series
2,311,500 0.31
21. HSBC Nominees (Asing) Sdn Bhd
JPMCB NA for WSSP International Equities Trust
2,298,500 0.31
22. Citigroup Nominees (Asing) Sdn Bhd
UBS AG for Maybank Kim Eng Securities Pte Ltd
2,291,900 0.30
23. Maybank Nominees (Tempatan) Sdn Bhd
Chua Eng Ho Wa'a @ Chua Eng Wah
2,285,000 0.30
24. HLB Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Loo Kee Seng
2,283,200 0.30
25. Maybank Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Su Tiing Uh
2,221,200 0.30
26. Citigroup Nominees (Asing) Sdn Bhd
CBNY for Dimensional Emerging Markets Value Fund
2,001,800 0.27
27. Gan Tuan Boon 2,000,000 0.27
28. Kenanga Nominees (Tempatan) Sdn Bhd
Lim Kok Khong (AA0039387)
2,000,000 0.27
29. Libra Capital Sdn Bhd 2,000,000 0.27
30. Maybank Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Ten Soon Lee
1,950,000 0.26

Posted by Sslee > 2020-07-28 19:03 | Report Abuse

Just an update for my questions send to IR Tunepro

Dear Mr Lee,
Thank you for the questions you submitted directly to the IR mailbox as well as our AGM facilitator Tricor Investor & Issuing House Services Sdn Bhd, which we are looking into.

With regards to your question #9, kindly note that the Summary of Minutes may be accessed from the link below.
https://www.tuneprotect.com/corporate/group/investor-relations/corporate-governance-group/
Kindly click on Shareholders Meeting. Select the respective year of interest and click on the “Summary of Minutes of the (x)th AGM”

Minutes of our 9th AGM will be published in our website in a similar manner upon the conclusion of our coming AGM as soon as practicable.

Regards,
Tune Protect Group Berhad Investor Relations

Dear Tunepro IR,
Thank you for links to AGM meeting minutes under Corporate Governance. Previously I was searching high and low under Reports & Presentations and Investor Resources.

Looking forward to BOD answers to my other questions especially on Dividend,

Thank you
Have a nice day

Best Regards

Posted by warchest > 2020-07-28 19:54 | Report Abuse

I keep raising questions directly to their investor relations team and Cc Tricor and MSWG. Hope it will be incorporated in the forthcoming AGM.

Posted by warchest > 2020-07-28 19:55 | Report Abuse

Will post something later on Tune. Stay tune!

Posted by Good123 > 2020-07-28 20:47 | Report Abuse

salute! tune protect could double or triple in share price. current price was oversold, driven by sentiment from retail players. institutional investors are holding the shares tightly :)

Posted by Good123 > 2020-07-29 07:08 | Report Abuse

TUNE Protect Group Bhd is poised to see the emergence of a South Korean shareholder soon, say sources. It is understood that Tan Sri Tony Fernandes and Datuk Kamarudin Meranun are likely the ones who will be divesting their stake in the insurance company to the interested South Korean party.

The duo are said to have considered selling their stake in the insurance business for a while now. Back in June 2015, there were rumours that Tune Group Sdn Bhd — which is jointly owned by Fernandes and Kamarudin — was thinking about disposing of its stake in Tune Protect, formerly known as Tune Ins Holdings Bhd.

At the time, Tune Group was quoted as saying that the review of its stake in Tune Ins Holdings was at a preliminary stage. But the talk died down after that.


The largest shareholders in Tune Protect are Tune Group (16.64%), AirAsia Bhd (13.65%) and CIMB SI II Sdn Bhd (9.4%), a unit of CIMB Holdings Bhd, according to the insurer’s 2016 annual report.

Fernandes and Kamarudin hold an indirect 29.42% stake in Tune Protect.

Posted by Good123 > 2020-07-29 07:10 | Report Abuse

Fernandez

Posted by Good123 > 2020-07-29 07:16 | Report Abuse

better for CIMB to have own insurance company like tune protect , already the 3rd largest shareholder. tak perlu bergantung kepada insurance products of others :) if F

Posted by Good123 > 2020-07-29 08:14 | Report Abuse



Moderna's proposed price for a two-dose course sold to governments compares with US$39 for two doses under a deal that Pfizer Inc and German partner BioNTech struck with the U.S. government.

LONDON: Moderna Inc is planning to price its coronavirus vaccine at US$50 to $60 per course, at least $11 more than another vaccine from Pfizer Inc and BioNTech, the Financial Times reported on Tuesday, citing unnamed sources.

Moderna's proposed price for a two-dose course sold to governments compares with US$39 for two doses under a deal that Pfizer Inc and German partner BioNTech struck with the U.S. government.

Industry analysts said Pfizer and BioNTech's $2 billion deal to cover 50 million patients, which is contingent on an approvable product, would likely pressure other manufacturers to set similar prices.

Moderna's proposed price would apply to the United States and other high-income countries, according to the report.

A Moderna spokesperson said the company was in discussions with governments about potential supply of the vaccine, called mRNA-1273, but did not provide any details on pricing "given the confidential nature of the discussions and contracts."

The final price for Moderna's COVID vaccine has yet to be determined, a person familiar with the discussions told Reuters.

Pfizer, Moderna and Merck

Posted by Good123 > 2020-07-29 08:15 | Report Abuse

better sell tune protect to CIMB, already the third largest shareholder.

Posted by Good123 > 2020-07-29 08:17 | Report Abuse

CIMB needs own insurance company, can offer F

Posted by Good123 > 2020-07-29 08:20 | Report Abuse

Malaysia might get access to Covid-19 vaccine from China — Khairy

Bernama

/

Bernama


July 28, 2020 17:33 pm 08





-A A

KUALA LUMPUR (July 28): Malaysia may get access to the Covid-19 vaccine from China, if the Health Ministry (MOH) finds it safe and effective for use, said Science, Technology and Innovation (MOSTI) Minister Khairy Jamaluddin.

He said this was part of the government's efforts to help develop a vaccine for the virus through scientific and strategic collaborations with countries capable of producing the vaccine.  

Explaining further, he said the collaboration team comprising MOSTI, MOH and the Foreign Ministry was formed last April, to explore opportunities between Malaysia and other countries in establishing strategic joint ventures in researching and developing Covid-19 vaccine and medication.

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Khairy said this was to enable Malaysia to gain access to the Covid-19 vaccine when it is produced, as the country currently does not have the facilities to make the vaccine for humans.

"Malaysia is also talking to China about the vaccine development by companies and institutions from the republic. China now has several companies and institutions which are more advanced in the field.

"I am scheduled to hold a video conference tomorrow evening with my counterpart in China on the matter including the possibility of Malaysia to gain access to the vaccine from China, if the MOH finds it is suitable, safe and effective to use," he said during the Dewan Rakyat question-and-answer session, today.

He was responding to a question from Datuk Mohd Nizar Zakaria (BN-Parit) on MOSTI's role in helping with the Covid-19 vaccine development effort at international level, since Malaysia did not have the facility.

Khairy said MOSTI had taken the initiative to be involved in the Coalition for Epidemic Preparedness Innovations (CEPI) and the participation as a coalition member has enabled the country to gain access to vaccine development, technology transfer and new expertise, for local researchers.

"CEPI is also committed to fair and open vaccine distribution at reasonable cost for the whole world," he said.

Posted by Good123 > 2020-07-29 08:21 | Report Abuse

strong rebound is expected with the latest vaccine news also

Posted by Good123 > 2020-07-29 09:24 | Report Abuse

essential kini. :)

Tune Protect launches enhanced AirAsia Travel Protection with Covid-19 coverage

Areeshya Thevamanohar

/

theedgemarkets.com


June 29, 2020 13:36 pm 08





-A A

KUALA LUMPUR (June 29): Tune Protect Group Bhd has launched its enhanced AirAsia Travel Protection, which now comes with Covid-19 protection benefits and is available in both Single and Annual Plans for both domestic and international travel, for AirAsia guests.

In a statement today, Tune Protect said the enhanced Travel Protection is timely with the reopening of domestic travel and the discussion that has been initiated to reopen Malaysia’s borders to “green zones” countries as Malaysia phases into the Recovery Movement Control Order.

It said the resumption of the travel and tourism sector is in line with the efforts in accelerating the country’s economic recovery and reviving the Malaysian travel and tourism industry, which was at a standstill due to Covid-19.

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“As AirAsia initiates domestic flights with new safety and health procedures, we have also put in place new and enhanced benefits to our existing Travel Protection, which include Covid-19 coverage to ensure ease and peace of mind of our customers during travelling,” said Tune Protect group chief executive officer Khoo Ai Lin.

The Annual Travel Protection Plan starts at RM56 covering customers for an entire year from the date of activation, regardless of the frequency of travel. Customers can also purchase the Single Plan coverage when they are purchasing AirAsia plane tickets or any time before they fly, it added.

AirAsia Group Bhd executive chairman Datuk Kamarudin Meranun said that while air travel remains one of the safest modes of travel, there had been an increase in awareness of the importance of travel insurance products in the last few months from the group's sales channel. This enhancement is a great complement to the various end-to-end safety measures that have been put in place by AirAsia for its passengers to fly again with a peace of mind, protecting them beyond flying.

"As travel begins to regain traction, we look forward to welcoming our passengers to fly with us again," he said.

The enhanced Travel Protection plan includes the Covid-19 Bereavement Allowance, Trip Cancellation, Daily Hospital Allowance and Compassionate Visit.

“Tune Protect understands the needs and worries of travelers since the fight against Covid-19 is still ongoing. With the enhanced coverage that comes with our Travel Protection, travelers can put their worries to rest when making their travel plans with us or through AirAsia,” Khoo concluded.

At the midday break, Tune Protect shed 1 sen or 3.03% to 32 sen, for a market capitalisation of RM240.56 million.

Posted by Good123 > 2020-07-29 09:28 | Report Abuse

cimb is the 3rd largest shareholder foreigners own >10% of tune protect

Posted by Good123 > 2020-07-29 09:28 | Report Abuse

grab, no more such price anytime

Posted by Good123 > 2020-07-29 09:36 | Report Abuse

good new market too.“In line with our aspiration to become the leading digital insurer, we are constantly on the lookout for strategic partnerships to provide digital travel protection, ” said Tune Protect Group’s chief executive officer Khoo Ai Lin.

KUALA LUMPUR: Tune Protect Commercial Brokerage LLC has entered into a strategic partnership with SalamAir, Oman’s first low-cost airline, offering passengers an attractive range of travel protection benefits.

The travel protection products are specially designed for SalamAir travellers, offering benefits such as personal accident benefits, hospital allowance, emergency medical evacuation and repatriation, travel inconvenience and other travel-related benefits.

“In line with our aspiration to become the leading digital insurer, we are constantly on the lookout for strategic partnerships to provide digital travel protection, ” said Tune Protect Group’s chief executive officer Khoo Ai Lin in a statement yesterday.

“With this partnership, the passengers from the European, Middle East, Indian and African region will benefit by the delightful customer experience this home-grown airline offers, with options for extra luggage, seat and meal selections, ” she added. — Bernama

Posted by Good123 > 2020-07-29 09:37 | Report Abuse

in Feb this year , partnership with this airlines in the middle East

Posted by Good123 > 2020-07-29 09:41 | Report Abuse

Financial capital
Our strong balance sheet,
sufficient capital adequacy ratio
and sound solvency levels enable
further value creation with other
capitals. We have zero gearing
and our sustainable investment
is guided by our prudent
Investment policy.
Premium growths in profitable
non-motor segments and from new
markets
Operational efficiency and cost
optimisation
Strategic asset allocation guided by
internal investment mandate

Posted by warchest > 2020-07-29 09:41 | Report Abuse

As promised, my new post on Tune

Posted by warchest > 2020-07-29 09:41 | Report Abuse

https://klse.i3investor.com/blogs/TimelessInvestment/2020-07-29-story-h1510785861-Tune_Protect_Group_Wishlist_can_it_be_fulfilled.jsp

Posted by warchest > 2020-07-29 09:47 | Report Abuse

Please share so that all the shareholders can address these concerns to the Board of Directors of Tune. In the meantime, stay safe

Posted by Good123 > 2020-07-29 09:54 | Report Abuse

On the technology front, Tune Protect is also looking out for strategic partnerships, joint ventures or even acquisitions.

Posted by Good123 > 2020-07-29 09:56 | Report Abuse

Being in the AirAsia ecosystem has been beneficial for the insurer. The potential number of customers has increased to include not only those from the travel business but also those in other facets of the lifestyle business, such as the Tune Hotels business.

Tune Protect is currently working with Tune Hotels to offer protection plans to suit the needs of hotel guests.

Posted by Good123 > 2020-07-29 09:56 | Report Abuse

As Tune Protect aspires to be the leading digital insurance provider, it is only too aware that growth cannot be organic.

Khoo says the way forward for Tune Protect is B2B2C (business to business to consumer), a business model in which a company accesses its customer via other businesses.

“For any retail business to succeed, you need critical mass acquisition. Our key strategy to acquire this critical mass is to leverage B2B2C. This will be done through strategic partnership with corporate clients that have a sizeable retail customer base.

Posted by Good123 > 2020-07-29 10:03 | Report Abuse

More growth on the horizon

Looking ahead to the next two years or so, industry players expect further growth in the insurtech space. Khoo believes insurtech will continue to be a large part of the industry’s offerings, with strong support from the government and regulators.

Having a supportive regulatory direction is crucial as can be seen in the case of Singapore, she says. “The regulators have eased off in terms of regulations as financial services data can now be made available via the cloud. Though personal data is kept with the most stringent security capabilities, the use of the cloud enables flexibility and scalability for the business to grow.

“Insurtech players will continue to create and innovate to stay relevant in the digital space and cater for the growing number of affluent millennials and their demands. The use of technology, such as artificial intelligence, machine learning, robotic process automation, data analytics and data modelling, to innovate and drive the business will be even more intense.”

Innovation will flourish in the development of new insurance products as the old-fashioned style of risk assessment based on generic data goes obsolete, says Khoo. The use of social media and mobile devices can provide large amounts of personal data that can help insurers develop better products.

Khoo foresees consumer demands evolving over the next two years. She says usage and behaviour-based insurance products that are lifestyle-driven will be the new norm, which consumers can easily access via digital channels at an affordable price. “Users will demand for enhanced customer experiences, with greater interaction, access to insurers and speedier turnaround times,” she adds.

AXA’s Tan expects to see more non-insurance or tech players operating with high user data volume coming into the market, with the aim of integrating skills and technology with insurers to offer a holistic customer experience or even selling insurance themselves. “This will necessitate the creation of a new ecosystem and data disruption in the industry — something that we have to progressively keep up with to ensure that we have the skills and capabilities to up our game,” he says.

Chua points out that while this year has been rather exciting with new entrants in the insurtech space, the industry needs an external party to rock the landscape and drive change, just like how Grab competed with Uber to disrupt the ride-hailing market.

“Grab is already doing insurance and it can expand to have a mini-insurtech arm under the holding company to focus on insurance. We need someone to stir the market because until then, consumers will not embrace insurtech products,” she says.

Posted by Good123 > 2020-07-29 10:06 | Report Abuse

The plans are essential for the group, as the travel insurance premium segment makes up about 60% of the insurer’s net profits and 30% of its gross written premiums (GWP).

“We will see a dip in earnings this year — it is what it is.  However, as we are rela­tively strong in our capital and liquidity position, we are channelling our efforts into our recovery and digital transformation plan during this MCO period,” says Tune Protect CEO Khoo Ai Lin in a recent interview with The Edge.

While the travel insurer leader is unable to escape a dip in earnings this year, Khoo observes that things could have been much worse had the company not accelerated its transformation plan and launched the new initiatives last year.

In recent times, the group has expanded its product range to include comprehensive coverage for small and medium enterprises, marine cargo insurance and other innovative protection plans for motor personal accident. Khoo stresses that most of it is done digitally.

“It is a blessing that we had commenced our plans early on and this has led to a marginal decline of about 3.8% y-o-y in  the group’s gross written premium in the first quarter ended March 31, 2020 (1QFY2020).

“The initial plan was that these efforts were supposed to be the ‘real incremental’ for the business this year, but given the current situation, it has also worked out well in helping to mitigate a further dip in earnings,” Khoo says.

She adds that the new initiatives have gained traction.

Posted by Good123 > 2020-07-29 10:08 | Report Abuse

Tune Protect is now in its second year of a three-year transformation plan guided by the four pillars of Go Asean and Beyond, AirAsia Ecosystem, Insurtech Capabilities and National Business.

Posted by Good123 > 2020-07-29 10:09 | Report Abuse

One thing we have to be real about, however, is that there will be more digitisation in terms of business as time goes by,” she says, adding that data analytics is critical for Tune Protect.

The group has been able to learn from the dynamic optimisation done for the travel protection segment and rolled out more on-demand, or lifestyle, insurance products.

“Dynamic optimisation with data analytics will enable us to further understand our customers’ demographic and psychographic profile to drive stronger engagements and target products and solutions based on their needs,” says Khoo.

Posted by Good123 > 2020-07-29 10:09 | Report Abuse

Khoo says the group is looking at a health and wellness strategy as it seeks to build more engagement with its customers.

“It is important to see the value of our customers over time. Thus, it is important for us to transform our mindset to see them as customers versus seeing them as our policyholders. We feel it is timely that we are driving a health and wellness strategy now. Mindfulness on personal health and well-being has been elevated and it gives us a better engagement with customers to look into their health needs and lifestyle protection.

“We are looking at a few combinations of areas in our health strategy that will be focused on digital healthcare services,” explains Khoo.

Posted by Good123 > 2020-07-29 10:15 | Report Abuse

~60% of net profit from travel segment, hopefully bull run generated more profits/gains from investments

Posted by Good123 > 2020-07-29 10:18 | Report Abuse

won't be surprised, gains from investments due to bull run > profit from travel segment for q2

Posted by Good123 > 2020-07-29 10:23 | Report Abuse

if tune protect shows a slight profit for q2, the price will be back to 50sen

Posted by warchest > 2020-07-29 10:30 | Report Abuse

https://klse.i3investor.com/blogs/TimelessInvestment/2020-07-29-story-h1510785861-Tune_Protect_Group_Wishlist_can_it_be_fulfilled.jsp

Posted by Good123 > 2020-07-29 10:41 | Report Abuse

However, "after sharp correction since march, tune Protect is quite attractive due to its positive medium to long-term prospect, helped by lucrative travel insurance business and strong collaboration with AirAsia

Posted by Good123 > 2020-07-29 10:49 | Report Abuse

with insurance probably :)

NEWS

 

TRIP REPORTS

 

ANALYSIS

 

HISTORY

 

ANDROID

Posted by Good123 > 2020-07-29 10:51 | Report Abuse

Q2 could give us a surprise from investments plus fire ticket sales with insurance with higher awareness of virus

Posted by Good123 > 2020-07-29 11:01 | Report Abuse

grab from fearful retailers, reap the profits anytime

Posted by Good123 > 2020-07-29 11:14 | Report Abuse

Q1,2020, stock market crashed in March. Q2 results, bull run in June will be different :) revenue was steady

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

31 Mar 2020

31 Mar 2019

31 Mar 2020

31 Mar 2019

$$'000

$$'000

$$'000

$$'000

1Revenue

122,356

126,665

122,356

126,665

2Profit/(loss) before tax

3,577

22,295

3,577

22,295

3Profit/(loss) for the period

2,772

20,150

2,772

20,150

4Profit/(loss) attributable to ordinary equity holders of the parent

2,500

18,342

2,500

18,342

5Basic earnings/(loss) per share (Subunit)

0.33

2.44

0.33

2.44

6Proposed/Declared dividend per share (Subunit)

0.00

3.00

0.00

3.00



AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

7
Net assets per share attributable to ordinary equity holders of the parent ($$)

0.7400

0.7400

Posted by Good123 > 2020-07-29 11:30 | Report Abuse

surely fair value gain in Q2 due to bull run

Tune Protect Group Berhad (201101020320 [948454-K])
Condensed consolidated statement of comprehensive income
For the period ended 31 March 2020
31 Mar 31 Mar
2020 2019
Note RM'000 RM'000
Operating revenue 122,356 126,665
Gross earned premiums 115,042 121,326
Premiums ceded to reinsurers (56,670) (56,266)
Net earned premiums 58,372 65,060
Investment income 6 7,314 5,339
Realised gains and losses 689 471
Fair value gains and losses (6,419) 3,355
Fees and commission income 10,292 11,736
Other operating income 2,353 775
Other revenue 14,229 21,676
Gross claims paid (37,836) (67,282)
Claims ceded to reinsurers 21,822 37,505
Gross change to contract liabilities (16,934) 11,574
Change in contract liabilities ceded to reinsurers 10,079 (1,049)
Net claims (22,869) (19,252)
Fee and commission expenses (18,250) (21,532)
Management expenses (24,798) (24,308)
Other operating expenses (1,197) (298)
Finance costs (54) (58)
Other expenses (44,299) (46,196)
Share of results of an associate (1,950) 561
Share of results of a joint venture company 94 446
Profit before taxation 7 3,577 22,295
Taxation 8 (805) (2,145)
Net profit for the period 2,772 20,150

Posted by Good123 > 2020-07-29 11:39 | Report Abuse

KUALA LUMPUR (July 27): The domestic tourism industry has shown encouraging development after tourism activities were allowed to resume when the Recovery Movement Control Order was enforced on June 10.

Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri said the average occupancy rate in several city hotels and resorts throughout the country was encouraging especially in locations which offer natural attractions like islands, beaches, highlands or forests.

She said 180,000 flight passenger seats were sold between June 10 and 28 for travel between July and September this year through domestic travel promotions by the AirAsia airline company.