TUNE PROTECT GROUP BERHAD
KLSE (MYR): TUNEPRO (5230)
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Last Price
0.295
Today's Change
+0.015 (5.36%)
Day's Change
0.295 - 0.31
Trading Volume
2,198,500
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11 people like this. Showing 50 of 5,302 comments
results to improve further. looking forward to possible dividend by end of this financial year after many years without.
2024-07-31 13:51
Hope 2Q result will be black since AAX has recorded high passenger load.
2024-08-17 22:03
Is TA good friend of Tune.
So many qtr in red, yet TA still put BUY call for Tune.
2 months ago
TA mention Tune will turnaround in 2H2024.
Hopefully it don`t turn upside down.
1 month ago
In theory should do better with more flights. But I'm betting with TF going for retirement and recent manoeuvre on Airasia X and AirAsia, there's potentially a delisting/merger type of activity with Move Digital sdn bhd.
TF gets to make another chunk of change
2 weeks ago
Tune pro the last puzzle of tony after healing acapital & aax. Super abnormal ROI at current price😜
2 weeks ago
Great eastern: The group’s new business embedded value amounted to S$176.9 million, up 7% on the year from S$165.1 million.
2 weeks ago
Tan Sri Tony Fernandes, co-founder of AirAsia and a significant shareholder in Tune Protect Group Berhad, has a vested interest in the company’s success. Tune Protect, the insurance arm of the Tune Group, was established to complement AirAsia’s services by offering travel insurance to its passengers. 
In recent years, Tune Protect faced financial challenges, including losses due to higher-than-expected Covid-19 claims from its Thai associate and fair value losses on investments. These issues led to the company reporting a net loss in the financial year ended December 31, 2021. 
Given his substantial stake and the strategic importance of Tune Protect within the Tune Group ecosystem, Fernandes would be motivated to support a turnaround for several reasons:
1. Protecting Investment: As a major shareholder, improving Tune Protect’s financial health directly safeguards his investment.
2. Synergy with AirAsia: A robust Tune Protect enhances the value proposition of AirAsia by providing integrated travel insurance solutions, thereby improving customer experience and potentially increasing revenue streams.
3. Market Confidence: Demonstrating a commitment to revitalizing Tune Protect can bolster investor confidence in both Tune Protect and the broader Tune Group.
Efforts to revitalize Tune Protect have shown positive signs. The company returned to profitability in the fourth quarter of 2022, reporting a net profit of RM558,000, attributed to a rebound in its investment portfolio and stabilization of Covid-19 claims. 
Additionally, strategic moves such as the potential entry of a South Korean investor could further support Tune Protect’s growth and remove market overhang, indicating proactive steps to strengthen the company’s position. 
In summary, Tony Fernandes’ involvement in turning around Tune Protect aligns with his interests in preserving his investment, enhancing synergies within the Tune Group, and maintaining market confidence.
2 weeks ago
IPO price RM1.25.. 29-30sen termurah/// Tony Fernandes will fix Tune Pro after Capital A & AAX matters are settled... he will make tune pro great again, dia akan bereskan semua macam janji Trump haha
2 weeks ago
Not as confident as good123.
If nothing else changes hitting 0.18 - 0.21 is quite easy at current momentum.
2 weeks ago
Trump has a much younger German model as his wife, while Tony has a young Korean air stewardess as his partner... similar characters... Tune Pro will be revitalized by Tony Fernandes... buy low.... buy low
1 week ago
**Tune Protect** is likely to remain an integral part of **AirAsia** due to several key reasons:
1. **Synergy with Core Business**: As AirAsia focuses on travel, Tune Protect complements this by offering insurance tailored to travelers, creating a seamless customer experience and additional revenue through cross-selling.
2. **Digital Ecosystem**: Tune Protect fits within AirAsia’s broader digital transformation, enhancing its financial services portfolio and supporting its digital superapp strategy.
3. **Revenue Diversification**: Insurance provides a stable, recurring revenue stream, helping AirAsia reduce reliance on the volatile airline business.
4. **Customer Loyalty**: Offering trusted, convenient insurance products strengthens AirAsia’s brand and customer loyalty.
5. **Regulatory and Market Demand**: Insurance meets market expectations and regulatory requirements in many regions, especially for travel-related coverage.
Given these factors, Tune Protect is aligned with AirAsia’s long-term strategy of expanding beyond airlines into digital services, making it a valuable asset for the future.
1 week ago
NBV @68sen 30/6/24.... kurasia was sold at 1X NBV previously... tune was undervalued.
2024-08-29
Tune Protect Group Berhad - Expect Turnaround in 2H24
1 week ago
Tune Protect Group (TunePro) has potential for a rebound similar to AirAsia and Capital A for several reasons. Both AirAsia and TunePro are associated with Capital A, sharing synergies and benefitting from the airline’s expansive network. Here’s an analysis of why TunePro could experience a similar rebound:
1. Increased Travel Demand Post-Pandemic
Market Recovery in Travel Insurance: With the resurgence of global travel post-pandemic, there is an increased demand for travel insurance products. TunePro, which has a strong focus on travel insurance, stands to benefit significantly. As travel volumes grow, especially with the revival of AirAsia’s flights, TunePro’s revenue from travel-related insurance products is likely to surge.
Cross-Promotion with AirAsia: TunePro’s close ties with AirAsia and integration into its booking platforms provide a strategic advantage. The rebound in AirAsia’s operations could directly translate into more TunePro travel insurance sales, reinforcing TunePro’s revenue streams.
2. Digital Transformation and Product Expansion
Shift to Digital Insurance: TunePro has invested in digital insurance platforms and is gradually diversifying its offerings. Its focus on becoming a digitally-driven insurance provider aligns with the broader market shift toward online and app-based services, attracting younger, tech-savvy customers.
New Product Lines: Beyond travel insurance, TunePro is expanding into other sectors, including health, lifestyle, and SME insurance. This product diversification can reduce its dependence on travel insurance, making it more resilient and positioned for growth across multiple sectors.
3. Cost-Efficiency and Lean Business Model
Efficient Operating Structure: Similar to how AirAsia has managed to streamline costs and focus on a low-cost model, TunePro has maintained a lean operating structure. This allows it to stay competitive on pricing, especially in the budget-conscious travel insurance market.
Strategic Partnerships: TunePro’s collaborations with various digital and insurance ecosystems give it greater access to customers without needing to heavily invest in distribution, helping reduce customer acquisition costs and improve profitability.
4. Potential for Market Expansion in Emerging Markets
Regional Growth Opportunities: Southeast Asia’s emerging markets are seeing rapid insurance adoption, and TunePro is well-positioned to capitalize on this trend. As disposable income rises in these markets, demand for both basic and customized insurance products grows. TunePro’s digital-first approach also aligns with the mobile-first nature of these markets.
Synergy with AirAsia’s Expanding Routes: As AirAsia explores new routes and markets, TunePro can potentially follow, creating new insurance offerings tailored to emerging market travelers and securing a foothold in previously untapped regions.
5. Capital A’s Integrated Ecosystem and Cross-Selling Potential
Integration with Capital A Ecosystem: Being part of the Capital A ecosystem offers TunePro cross-selling opportunities within a broad customer base, including AirAsia’s frequent flyers and BigPay’s financial service users. These integrations provide TunePro with data-driven insights to offer personalized insurance products, enhancing customer retention and average spend.
E-commerce and Lifestyle Partnerships: TunePro’s shift towards lifestyle-oriented insurance products, such as gadget or sports insurance, aligns well with the broader digital and e-commerce initiatives within the Capital A ecosystem, appealing to diverse customer segments.
6. Positive Sentiment from Rebound Stocks
Renewed Investor Interest in Recovery Stocks: As investors look for recovery opportunities, sectors and companies tied to travel, insurance, and digital transformation are gaining appeal. With a recovery theme, TunePro is positioned to attract investor attention, similar to the recent interest in AirAsia and Capital A.
Comparative Valuation Upside: If the market perceives TunePro as an undervalued recovery stock, investor interest could drive its share price up, mirroring how AirAsia has rebounded post-pandemic.
In conclusion, TunePro’s potential for a rebound is supported by travel recovery, a diversified digital approach, and synergies with Capital A’s ecosystem. These factors position it well to capture growth, appeal to digital-savvy consumers, and attract investor confidence, akin to the resurgence seen in AirAsia and Capital A
1 week ago
Tony fernandes will fix it; he will make tunepro great again; sama macam bagi USA; kedua-dua mereka bercerai dan berkahwin semula dengan bini muda😜😜😜
1 week ago
orporate 44 minutes ago
Tune Protect Group introduces insurance plan for Hong Kong travellers
KUALA LUMPUR: Tune Protect Group Berhad has partnered with Bolttech Insurance to introduce AirAsia Travel Insurance for Hong Kong travellers, marking a significant step in the company’s expansion into key regional markets.
6 days ago
Tony Fernandes, the founder of AirAsia and the former owner of the budget airline Tune Pro, had strong personal and professional motivations for wanting to turn Tune Pro around and make it profitable again. These motivations primarily stemmed from his reputation, his investment in the company, and his belief in its potential. Here's why he didn't want to "lose face":
1. Personal Reputation:
Tony Fernandes is a well-known figure in the aviation and business world. He gained significant recognition for transforming AirAsia into a successful and profitable airline. His business success with AirAsia earned him a reputation as a capable and visionary entrepreneur. Failing to turn around Tune Pro would have negatively impacted his personal brand and credibility. Business leaders, especially those in the public eye like Fernandes, are often judged by the success or failure of their ventures. Failure to make Tune Pro profitable could have been seen as a sign of weakness or poor judgment, which he would have wanted to avoid.
2. Investment at Stake:
Fernandes had a financial stake in Tune Pro, and like any businessman, he would want to protect his investment. If Tune Pro had failed to turn a profit or had to close down, Fernandes would have lost the capital he invested and could have faced further financial losses. As an entrepreneur, it’s critical to show that you can make businesses successful, especially when you've made public commitments to the viability of a venture.
3. Brand Integrity and the Tune Ecosystem:
Tune Pro was part of a larger ecosystem of businesses under the "Tune" brand, which also included Tune Hotels, Tune Talk, and other ventures. As the owner of these ventures, Fernandes needed to maintain the integrity of the Tune brand. If one part of the ecosystem (like Tune Pro) failed, it could have had a ripple effect on the others, damaging the entire brand. Given his focus on building a strong, interconnected brand portfolio, turning Tune Pro around was crucial for maintaining the reputation of the whole group.
4. Leadership and Responsibility:
As a leader, Fernandes was known for his hands-on approach to his businesses. His leadership was often seen as a key reason for AirAsia’s success. Letting Tune Pro fail would have conflicted with his public persona as someone who takes responsibility for the performance of his companies. Business leaders like Fernandes often see their role as ensuring that their companies succeed, even in the face of setbacks. Failing to make Tune Pro profitable would have gone against his values of perseverance and commitment to his ventures.
5. External Perceptions and Investor Confidence:
Losing face also relates to the perceptions of other investors, stakeholders, and the market. Fernandes' ability to turn around struggling companies was likely scrutinized by investors, especially if Tune Pro was facing financial difficulties. A failure would have affected investor confidence in his management capabilities and could have impacted funding or partnerships for his other ventures. By ensuring Tune Pro's success, Fernandes protected not only his reputation but also his ability to attract future investments and business opportunities.
In conclusion, Tony Fernandes didn’t want to lose face because his personal reputation, financial investment, brand integrity, leadership responsibility, and external market perceptions were all tied to the success of Tune Pro. By turning the company around, he would have demonstrated his ability to overcome challenges and maintain his standing as a successful businessman.
6 days ago
KUALA LUMPUR: Tune Protect Group Berhad has partnered with Bolttech Insurance to introduce AirAsia Travel Insurance for Hong Kong travellers, marking a significant step in the company's expansion into key regional markets.
This strategic collaboration underscores Tune Protect's commitment to delivering tailored and affordable travel insurance solutions to meet the evolving needs of global travellers.
Tune Protect Group chief executive officer How Kim Lian said: "This collaboration with Bolttech in Hong Kong reflects our ambition to grow in key regional markets. Hong Kong serves as a gateway to major Asian markets such as China, Japan, Korea, and Southeast Asia, making it an attractive hub for travellers."
The offering, developed in partnership with Bolttech's local expertise, aims to provide comprehensive travel protection while enhancing customer convenience.
6 days ago
Bolttech regional general manager for Hong Kong and Taiwan Alister Musgrave said, "We're thrilled to provide Hong Kong travellers with convenient protection and peace of mind. Our collaboration with Tune Protect highlights our shared commitment to enhancing customer experience and delivering innovative solutions."
Tune Protect plans to continue building its global network, which already includes close to 50 insurance partners worldwide.
How said that by working closely with distribution partners, it aims to offer relevant protection at critical touchpoints along the customer journey.
"Our goal is to establish ourselves as the premier one-stop digital insurance solutions partner."
The new travel insurance product is part of a long-standing partnership with AirAsia, which has helped Tune Protect provide customised solutions in various markets, and the company plans to introduce similar offerings in other Asia-Pacific markets to reinforce its position as a leading digital insurer in the region.
"By providing customised travel insurance solutions, we aim to enhance the overall travel experience while introducing innovative, value-added services," he said.
6 days ago
KUALA LUMPUR (Nov 20): Express Rail Link Sdn Bhd (ERL) and Tourism Malaysia on Wednesday inked a Memorandum of Collaboration (MOC) to promote Visit Malaysia 2026 (VM2026) and to ease tourist travelling experience by leveraging their combined strengths.
Through the MOC, ERL and Tourism Malaysia will collaborate to promote ERL's KL Travel Pass, an all-in-one transport ticket and other offers through its various digital channels such as website, social media platforms, digital screens and digital ads.
Chief Executive Officer of ERL Noormah Mohd Noor expressed gratitude that the all-in-one transport ticket which combines KLIA Ekspres service and two-day unlimited train rides on LRT, MRT and KL Monorail lines, will be promoted to the global audience by Tourism Malaysia.
"Now that we have signed the MOC, we’re excited to begin promoting KL TravelPass to tourists leading up to VM2026. From the moment they land in KLIA Terminal 1 or 2, travellers are able to immediately use KL TravelPass to seamlessly explore Kuala Lumpur, eliminating the need and hassle for separate travel cards," she said in ERL and Tourism Malaysia’s joint statement.
She added the KL TravelPass will also enable users to enjoy great savings by travelling to Kuala Lumpur in groups with ERL’s Family Package and Group Saver plan, besides obtaining door-to-door airport transfers directly from hotels to the airport with its VIP Service.
Meanwhile, director-general of Tourism Malaysia Datuk Manoharan Periasamy highlighted the importance of seamless accessibility in enhancing the tourist experience in the country.
"Seamless accessibility is crucial for ensuring that tourists can fully immerse themselves in Malaysia’s offerings without the hassle of navigating transportation hurdles, from the moment they arrive, they should feel well-connected to our vibrant attractions, which is what this partnership aims to achieve.
"By working together through joint initiatives and activities, we aim to further promote Malaysia's diverse tourism offerings and position the country as a top travel destination. Through the non-exclusive partnership with ERL, we look forward to leveraging their expertise in transportation to enhance tourist convenience and support the aspirations of Visit Malaysia 2026," he said.
Manoharan added that the collaboration is a testament to the valuable synergy between the public and private sectors.
KL TravelPass is available on single as well as return trip on the KLIA Ekspres service.
Interested travellers can log on to www.KLIAekspres.com to get more information on KL TravelPass and ERL’s latest offers and promotions.
6 days ago
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drkervokian
New CEO is current CFO and previously AirAsia CFO for 5 years and Ex consultant background.
From the little linkedin data seems like a very hardworking person that's very serious. But lacks charisma to be CEO.
A cfo as CEO is usually OK for insurer. More control.
But can be bad if cannot lead distribution. Alternatively it's can be a sign that they'll take it private.
2024-07-29 23:18