TUNE PROTECT GROUP BERHAD

KLSE (MYR): TUNEPRO (5230)

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Last Price

0.355

Today's Change

-0.005 (1.39%)

Day's Change

0.35 - 0.365

Trading Volume

1,750,400

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
11 people like this. Showing 50 of 5,246 comments

DividendGuy67

I'm still waiting for the right entry price for speculative trading purposes.
Rohit won't leave. He's not one to give up with this setback. Chartwise, it's clear that he has turn around the company, halted the massive downtrend caused by previous CEOs.

2024-03-04 00:57

ybss99

Waiting for the shares price to go sideways

2024-03-04 11:20

ambrose123

According to Malaysia population statistics (demographic), Malaysia is facing aging population, therefore no good for insurance industry....

2024-03-04 12:17

yfchong

Mana CeO power yeah

2024-03-05 09:55

SlowPoke

Revenue of Capital A in aviation reached up to 4.5bil- record high figures. But revenue and earnings of tunepro doesn't benefit at all from airasia and it's disappointing .

2024-03-05 11:07

bbc99

goodbye rohit, who can handle,stay. who cant handle, get lost,.This is the good company

2 months ago

warchest

10 May 2024
Name MR ROHIT CHANDRASEKHARAN NAMBIAR
Age 43
Gender Male
Nationality India
Type of change Resignation
Designation Group Chief Executive Officer
Reason Due to personal reasons.

2 months ago

warchest

Survival of the fittest. Cannot take the setbacks then resigned

2 months ago

warchest

we need someone that are more reasonably paid to get the job done. Currently, all the profits have been used to pay the management team

2 months ago

donnybelowski

Haha. Conned jobs.

2 months ago

donnybelowski

Company is shit til ceo resigned

2 months ago

drkervokian

Collecting at 0.25 upside potential to be sold.

The digital strategy has failed.
Lost hundreds of millions to buy distribution but not substantially breaking even.

New CEO will be hired to do 2 things only

Pivot back to agency. Which needs a ton of cash. Or doubledown on more marketing and digital channel distribution acquisition spend.

Either way, it's a dark black hole.

2 months ago

sheldon

Every quarter, the main task of management is to give reasons why it is making losses and keep hoodwinking shareholders of the great potential ahead. The share price trajectory clearly tells that investors are not buying it.

The only jewel in the crown of this hopeless company is the insurance licence.

2 months ago

SlowPoke

Digital channel is just part of the journey and not a point to rest on its laurels. Agency is another important channel and not an excuse to take cost-cutting to the extremes for the sake of pleasing itself by shouting aimlessly at its below 100% combined ratio.

2 months ago

drkervokian

On new group CEO.
If it's new from the street - then divestment chances are lower.
If the new CEO is promoted from within, then there's higher chances the protect will be divested from capital A.

2 months ago

DividendGuy67

I was wrong about Rohit not leaving, but the news of him leaving allowed price to fall and let me get in at a lower price. I'm sure others will have a better entry price. This is a speculative trading position (hence small).

2 months ago

DividendGuy67

Tune as a Group, is a small company, with Gross Written Premium (GWP) of only RM400 million or so average the past 5 years. You can't get that much profits from such a small GWP, the problem is relatively high fixed expenses compared to allowances and profits that can be priced in the GWP. Shareholders need to have a longer term plan, otherwise, new CEOs that brings with them short term "tricks" may show good result in the first year or two but inevitably sets the company back. Both Ms Khoo and Rohit (ex-CEOs) took short term views but after 5 years combined, has not really changed Tune fundamentally at the business level.

As they say, when there's blood on the streets, odds are better than 50/50 that we'll see a surprise on the upside.

2 months ago

DividendGuy67

Agree with Sheldon, that in the hands of the "big boys" who can afford to take a longer term view to fundamentally grow the business, that insurance license will come in handy. Problem with Tune is its shareholder who is not willing to wait to do what's necessary to grow its insurance business. If you keep demanding your new CEO to turn a profit in the first year, and not invest in the longer term, you can't grow sustainably in the mid term.

2 months ago

DividendGuy67

Divestment is probably going to be good news for Tune, as current shareholder is the problem with its unrealistic expectations on its CEO. It needs both proven Management, Board and proven Shareholder to make Tune successful.

2 months ago

DividendGuy67

@donny, it's the same pattern with past CEOs, Rohit isn't the first. The problem is CEO do what shareholders want them to do. They are creative people to extract short term results as what shareholder wanted, but insurance business doesn't work like that when constantly extracting short term results. Insurance is predicated on a large enough size insurance pool, small pools like 400 million GWP have huge hurdles long term.

2 months ago

DividendGuy67

@ambrose, Malaysia ageing population is not a factor at all. There are many other older (ageing) countries with successful insurance industry.

2 months ago

DividendGuy67

@warchest, @bbc, it's not about individual who can handle/cannot handle. CEOs and senior management by nature are resilient people. Typically Rohit and other CEO quit in the past likely due to "differences in views" masquerading as "personal reasons" / "better opportunities". It is unlikely that all these CEOs are wrong and the shareholder is right after so many CEOs. More likely, the shareholder demand is wrong / not suited for this line of business.

2 months ago

drkervokian

Tunepro before the current trade and industry minister was ceO had a super low cost base. Server room was practically a bunch of PCs and everything was auto-opt-in. Making money like mad. Then listing came; and empire building era under the lady ceo. That’s when the cost base went nuts. For such a tiny outfit; the ceo needed a head of strategy and head of distribution to manage the other channel heads. That’s just recipe for disaster.
Aside from that rohit’s hiring was a huge bet for digital distribution.
Digital distribution can be just as expensive as agency given spend on digital partnership; non digital partner distribution, search keyword, ; social media personality (Tunepro didn’t even invest there) etc.

Except you lower the risk of dodgy agency behaviour scamming the company of commissions

Changing topic a bi. That’s why I sense BNM’s noble idea of targeting B40 with digital insurer license will fail.
Only sufficiently large incumbent insurer can take the losses; or at least can leveraging marketing spend for 2 purpose.

1 month ago

drkervokian

The tenang vouchers. As outside person looking in; also likely due to pressure to meet kpi. I’m guessing there’s incentives that led to agency like behaviour from the team.

Being in corporate for 3 decades now. The lesson learned is, if there’s a incentive based KPI, there’s bound to be a scammer that can bring down the company due to greed.

1 month ago

rnamb27

@drkervokian - Rohit is leaving on very good terms with both Air Asia and the BOD. The post wasnt meant at Tune or him. Read a few posts before and you will know clearly which portfolio he refers to. Easy to malign people as keyboard warriors

1 month ago

singkalin

Celaka payment 1.2 million for Director.
Payment so high yet company loosing money.
Shouldn't get pay if company no profit.
Tenang program also can lose money.

1 month ago

1288Go

Hi everyone and DividendGuy67,
Tune still not off the ground.
How come Lpi doing so well but Tune struggling. Tune has broadened to other insurance areas BUT after a few years still struggling...
So what's the difference between LPI ( share price $12 and dividend of 66c for FY)..
Hmmmm.
I got out of Tune about more than a year ago with small profit.
Won't get in to this struggling
stock...

1 month ago

ambrose123

Due to inflation the value of money depreciate year by year. If anyone invest in Tune Protect for more than 5 years without any profit should pull out from this stock, and Look for a great company (opportunity) to invest. Time is $$$$.

1 month ago

1288Go

You are correct ambrose123..👍...
I am newbie..
Can you tell me where and which stocks you are investing now?
Thank you.

1 month ago

Babyking

something is brewing.. looking at the recent volumes

1 month ago

singkalin

Since the highly paid CEO is out, hopefully Tune will start to profit.

1 month ago

yfchong

yes yah CEO CEO

1 month ago

1288Go

Was previous CEO highly paid. Co's need to pay for good calibre management..
Tune, dunno whether can get in now ?

3 weeks ago

Vhydro

https://www.youtube.com/watch?v=LmXM5M9iBTY

Tune Protect Group 1Q24 Analyst Briefing on this Friday

3 weeks ago

singkalin

When to turn profit ???

3 weeks ago

Vhydro

Loss again.

2 weeks ago

donnybelowski

Boom! Shit again and again. Investors love shit! Con jobs.

2 weeks ago

Vhydro

Who is their new CEO ah? Macam no announcement

2 weeks ago

sheldon

Poor results expected. As usual - it tries to sugarcoat losses with vague praises.

Will this co turn around? If not then better be a takeover target. Some other co will be able to make money out of this license

2 weeks ago

Vhydro

giving up on this company

2 weeks ago

yfchong

New CeO ok boh

2 weeks ago

singkalin

Why TA announce BUY CALL for Tunepro even though Tune is loosing money ???

2 weeks ago

Progicer

No idea, do u believe in TA?

2 weeks ago

jenabchen123

Suddenly Buy Signal blinking everywhere...

2 days ago

speakup

When everybody buy, it's time to buy. There's strength in numbers

2 days ago

Xienry

goreng season?

1 day ago

jenabchen123

Yup. Kasi Che kuey tiaw! Kasi tiaw sama dia.

1 day ago

DividendGuy67

TUNEPRO is one of 14 of my speculative trading stock where the goal is price gains. My average entry price is 30 sen, so, sitting on 20% unrealized gains. However, it is an extremely small % of my stock portfolio relative to dividend income. This is to cure boredom.

22 hours ago

SlowPoke

Looks like tunepro has to buck up on gaining back investor confidence by working on its lost market share on Travel insurance like in its heyday. Now majority of low cost passengers prefers to travel without travel insurance or opt for other insurers for better offer and convenience.

6 hours ago

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