Posted by Victor Yong > 2020-07-30 21:51 | Report Abuse

Big market potential. Population: Indonesia 200mil++, Vietnam 100mil++, Thailand 60mil++

The Group has established partnerships with
strategic insurance providers and business partners, namely in Thailand, Vietnam and
Indonesia to expand in the ecommerce sphere and on retail products and takaful
offerings. In Vietnam, the Group has partnered Baoviet Insurance Corporation and a
leading e-wallet provider to offer insurance products via their e-platform.

Posted by Good123 > 2020-07-31 07:54 | Report Abuse

if tune protect is acquired, its selling price should be:
~ 1.99 times x 76sen (NAV)~ RM1.52


AmG to acquire Kurnia Insurans for RM1.6b

The Editor


TheEdge


April 13, 2012 06:11 am 08


KUALA LUMPUR: AmG Insurance Bhd will acquire Kurnia Insurans (Malaysia) Bhd, a subsidiary of Kurnia Asia Bhd, for RM1.55 billion.

“This acquisition will position us to deliver on AmG’s strategic objective of being among the top three domestic general insurers. The combined businesses of AmG and Kurnia will emerge as the largest domestic general insurer and the market leader in motor insurance,” said AMMB Holdings Bhd chairman Tan Sri Azman Hashim in a statement yesterday.

AMMB said the purchase price translates to a price-to-book multiple of 1.99 times, based on Kurnia’s audited net assets of RM778.7 million. It is equivalent to a price-earnings ratio of 17.9 times based on Kurnia’s audited net profit of RM86.6 million for its financial year ended Dec 31, 2011.

Posted by Good123 > 2020-07-31 08:03 | Report Abuse

tune protect's insurance partner in Vietnam. In Vietnam, the Group has partnered Baoviet Insurance Corporation and a
leading e-wallet provider to offer insurance products via their e-platform.


During the COVID-19 pandemic, some local banks, insurers and firms have worked together to help further protect the community with different anti-coronavirus packages.

Since March 16, state-owned Bao Viet Insurance Firm provided financial support of VND20 million (US$860) for each SARS-CoV-2 positive case for the first one million Vietnamese citizens between aged 18 and 70 years old.

The insurance beneficiaries are people who are at least residing in Viet Nam for twelve months with truthful medical declarations, complying with the Government's regulations on pandemic prevention and quarantined methods and not infected with SARS-CoV-2 virus at the time they registered for the insurance.

The protection period was one month from the date of registration and time of registration was from March 16 to April 15.

The protection programme will be effective for those who test positive for SARS-CoV-2 by a medical facility. The firm will pay the financial support via Baoviet Pay e-wallet.

Together with Bao Viet, Sai Gon – Ha Noi Bank (SHB) started giving its individual customers who borrow or deposit at the bank nationwide the "nCoV Shield Insurance" package from March 16 until May 31, 2020.

Those customers who borrow or deposit from VND500 million at least a year or from VND1 billion in at least six months will be given an insurance package with benefits up to VND100 million. The package will also provide beneficiaries with VND100,000 each day in case of in-patient treatment.

In HCM City, Minh Bao Tin Investment Joint Stock Corporation, a private firm in the fashion industry also signed deals with the insurer firm of Military Insurance Joint Stock Company on March 16 for thousands of insurance packages which will be donated to the firm’s consumers and staff in more than 100 stores of Biluxury men's fashion nationwide.

On the morning of March 17, 14 local banks awarded VND120 billion to support the local prevention of COVID-19 and to help people suffering from drought and saline intrusion across Viet Nam. — VNS

Posted by warchest > 2020-07-31 12:40 | Report Abuse

We need to continue to pressure the Company to reduce management expenses (i.e. staff cost), increase investment income and reduce the claims (by only underwrite good products and customers). That's how we can ensure profitability can be sustained.

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

Posted by warchest > 2020-07-31 12:51 | Report Abuse

I'm nibbling now because of its value. NAV value around RM0.74 should be a fair value. But Year 2020 is a year of reflection for Tune and hopefully by 2021 Tune can rebound strongly. But it doesn't come easy. A lot of works need to be done.

Posted by Good123 > 2020-07-31 14:28 | Report Abuse

nav has risen to 76sen now. CFO must do something, IPO price was RM1.55. Valuation at 2 times nav~rm1 52.

Posted by Good123 > 2020-07-31 14:29 | Report Abuse

the share price should be around IPO price but undervalued at a penny stock :)

Posted by Victor Yong > 2020-07-31 15:02 | Report Abuse

IPO price=RM1.55, current price = 27.5sen. Five years have seen the share price descend precipitously, down a full 83% [RM0.275/RM1.55~17%]. It’s true that the results of Q2, 2020 bounce could signal the company is turning over a new leaf.

Investors who subscribed to the IPO 5 years ago would like to see the value of their investments are restored and with ROI.

Posted by Victor Yong > 2020-07-31 15:06 | Report Abuse

expecting analysts to revise their target prices for Tune Protect higher next week :)

Posted by Good123 > 2020-07-31 19:38 | Report Abuse

CFO needs to buck up, tell the world its values. the investor relations dept also buck up too

Posted by gongkia > 2020-08-01 09:28 | Report Abuse

tony's share all same same

Posted by Good123 > 2020-08-01 17:48 | Report Abuse

wait for analysts' revised target price news on M

Posted by Good123 > 2020-08-02 10:08 | Report Abuse

zero contribution from AAX's travel since march 28, but tune protect is still strong and profitable. Q2, 2020 has proven it.

Group chief executive officer Nadda Buranasiri said its operating environment was aggravated by the Covid-19 outbreak in the beginning of this year.

“AAX Malaysia scaled down flight frequency to all markets in several phases beginning with China in February, ” he said in a statement.

In mitigating the adverse effects of Covid-19, it has had to undertake the temporary hibernation of fleet under AAX Group, as AAX Malaysia suspended all scheduled operations from March 28, while AAX Thailand’s scheduled operations have been suspended from March 16.

Posted by Good123 > 2020-08-02 10:14 | Report Abuse

:) Commentary on prospects
AirAsia Group has been severely affected by the global COVID-19 pandemic. AirAsia temporarily
hibernated most of its fleet across the network in late March 2020 due to increasing movement
restrictions.
Since the end of April 2020, AirAsia has resumed domestic travel in Malaysia (29 April), Thailand
(1 May), India (25 May), Philippines (5 June) and Indonesia (18 June). We are gradually adding
frequencies and opening routes in the domestic sector, with the advice and regulations from
government and health authorities. Since the resumption of domestic services, demand has been
positive, with our load factors increasing week by week. Competition has also been rational in their
pricing.
AirAsia Group is looking forward to the gradual reopening of international borders in recognition
that air transport provides the connectivity that is essential for the resumption of economic
activities. The formation and discussion of “travel bubbles” and “green lanes” with key economic
partners with a low infection rate and proven pandemic curbing systems, is a step in the right
direction. The aviation and tourism sectors account for around 4% and 10% of world GDP,
respectively. Over 65 million jobs are supported worldwide in the aviation sector, while 1 in 10
jobs around the world is contributed by the tourism sector.
To ensure sufficient working capital during these challenging times, we have sought payment
deferrals from our suppliers and lenders. We have also restructured a major portion of the fuel
hedges with our supportive counterparties and are still in process of restructuring the remaining
exposure. This will help deal with the excess of hedged volume against expected fuel consumption
post-COVID-19 and reduce the hedging losses if fuel price remains at today’s prices. Further
measures in managing and containing cost include both the management and senior employees of
AirAsia Group volunteering a salary sacrifice, re-negotiating contracts and deferring all non-
essential expenditures. While confirmed initiatives so far is expected to result in at least a 30% cost
reduction YoY in 2020, we are hopeful of further cost reduction than 30% in 2020.
We have applied for bank loans in our operating countries to shore up our liquidity. We have also
been presented with proposals to raise capital to strengthen its equity base and/or liquidity from a
number of investment bankers, lenders as well as potential investors to help the Company weather
the storm caused by the Covid-19 pandemic. In addition, AirAsia has ongoing deliberations with a
number of parties for joint-ventures and collaborations that may result in additional third party
investments in specific segments of the group's business.

Posted by Good123 > 2020-08-02 10:14 | Report Abuse

let see tomorrow. how high could tune protect rebound

Posted by Panorama1 > 2020-08-02 13:08 | Report Abuse

Value Buy based on QR2 results. Hopefully, quick momentum accumulation to 0.40-0.50 range :-) and it will still be undervalue based on NAV/intrinsic value..Existing Market capitalization of only RM200m for an insurance company with a much higher Intrinsic Value and growth potential!

Posted by Good123 > 2020-08-02 23:09 | Report Abuse

probably limit up tomorrow :)

Posted by Good123 > 2020-08-03 08:03 | Report Abuse

AGM tomorrow. 5230    TUNEPRO    TUNE PROTECT GROUP BERHADGeneral Meetings: Notice of Meeting52049
Indication: Notice of Meeting
Description: Notice of the Ninth Annual General Meeting ("AGM")
Date of Meeting: 04/08/2020
Time of Meeting: 02:30 PM
Venue: Tricor Business Centre, Manuka 2

Posted by Jeffreyteck > 2020-08-03 08:37 | Report Abuse

Getting difficult to est profit growth where many est its profit will be affected but it turned out to be the opposite with the resignation of ceo which share price dropped from 1.40 to current level during her tenure. Travel insurance contributed to how many % of its revenue and profit?

Posted by Good123 > 2020-08-03 08:48 | Report Abuse

tak tau, Ada buyer queue to buy at 34.5sen now

Posted by Good123 > 2020-08-03 08:52 | Report Abuse

tune protect with zero travel insurance from aax since march 16, its general insurance company is getting more n more stronger and performing well.

The company said in a statement that the higher earnings were mainly contributed by its Malaysian general insurance subsidiary, which benefited from a decrease in net claims, management expenses, as well as an increase in unrealised investment gain.

During the quarter in review, Tune Protect’s revenue fell 18.9% to RM100.9mil from RM124.5mil in the previous corresponding period, while its earnings per share rose to 1.68 sen from 1.42 sen previously.

Posted by Good123 > 2020-08-03 08:53 | Report Abuse

The company said in a statement that the higher earnings were mainly contributed by its Malaysian general insurance subsidiary, which benefited from a decrease in net claims, management expenses, as well as an increase in unrealised investment gain.

PETALING JAYA: Tune Protect Group Bhd’s net profit rose 17.64% to RM12.6mil for the second quarter ended June 30 from RM10.7mil in the corresponding period last year.

Posted by Good123 > 2020-08-03 08:54 | Report Abuse

could tune protect be the penny stock of the day with the highest increase today?

Posted by Good123 > 2020-08-03 08:55 | Report Abuse

general insurance biz up, claims down, income from investments up, management expenses down

Posted by Good123 > 2020-08-03 08:58 | Report Abuse

strategic alliances and penentrated into big insurance market such as Indonesia with takaful and other insurance products, Vietnam with state owned back Viet insurance company (selling insurance via ewallet,website, etc) and Thailand with 200mil , 100mil and 60mil population respectively

Posted by Good123 > 2020-08-03 09:05 | Report Abuse

rising higher n higher

Posted by Good123 > 2020-08-03 09:05 | Report Abuse

flying , just started

Posted by Good123 > 2020-08-03 09:08 | Report Abuse

uptrend, strong rebound

Posted by Good123 > 2020-08-03 09:08 | Report Abuse

otw IPO price RM1.55 :)

Posted by Good123 > 2020-08-03 09:10 | Report Abuse

net assets per share 76sen, price/book value just one time = 76sen, if 3 times~RM2.28, if 2X=RM1.52 closer to IPO price at rm1.55 :)

Posted by Good123 > 2020-08-03 09:12 | Report Abuse

uptrend just started, fasten your seat belt

Posted by Good123 > 2020-08-03 09:14 | Report Abuse

40-50sen or higher by this week? :)

Posted by Good123 > 2020-08-03 09:15 | Report Abuse

nothing can stop its recovery or uptrend, flow with its wave :)

Posted by Good123 > 2020-08-03 09:17 | Report Abuse

so early 3mil shares traded

Posted by Good123 > 2020-08-03 09:17 | Report Abuse

strong buy rate :)

Posted by Good123 > 2020-08-03 09:18 | Report Abuse

surging higher n higher

Posted by Good123 > 2020-08-03 09:19 | Report Abuse

flying from 27.5sen to 31.5sen after opening, 30.5-31sen, big fight uptrend today

Posted by Good123 > 2020-08-03 09:21 | Report Abuse

3.5mil shares traded the fight uptrend is on

Posted by Good123 > 2020-08-03 09:25 | Report Abuse

need to break 35sen, then 40-50sen next stage :)

Posted by Good123 > 2020-08-03 09:28 | Report Abuse

31sen now the fight uptrend is real :)

Posted by Good123 > 2020-08-03 09:29 | Report Abuse

3.8mil shares traded buy rate was impressive

Posted by Good123 > 2020-08-03 09:30 | Report Abuse

July 3, 35sen is within reach soon :)

Posted by Good123 > 2020-08-03 09:31 | Report Abuse

target price 35sen before lunch break, 35-40sen or higher in the 2nd session after lunch break :)

Posted by Good123 > 2020-08-03 09:32 | Report Abuse

4mil shares traded, getting more intense the buy power

Posted by Good123 > 2020-08-03 09:35 | Report Abuse

those who ride on its uptrend could reap probably :) just started today :)

Posted by Victor Yong > 2020-08-03 09:42 | Report Abuse

The rebound is impressive. 4mil shares ++traded, just the start, much higher volume traded is coming

Posted by Victor Yong > 2020-08-03 09:45 | Report Abuse

Smart invrstors will hold or add probably. Too early now :)

Posted by Victor Yong > 2020-08-03 09:46 | Report Abuse

These price range before lunch break is likely :)

07/07/2020 0.335 - 0.345 0.335 606,100
06/07/2020 0.34 - 0.345 0.345 1,112,700

Posted by Good123 > 2020-08-03 09:50 | Report Abuse

ya, 4.5mil shares traded till now, just warming up volume

Posted by Good123 > 2020-08-03 09:57 | Report Abuse

~5mil shares traded , fast indeed