TUNE PROTECT GROUP BERHAD
KLSE (MYR): TUNEPRO (5230)
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Last Price
0.43
Today's Change
+0.005 (1.18%)
Day's Change
0.425 - 0.435
Trading Volume
339,400
Overview
Market Cap
323 Million
NOSH
752 Million
Avg Volume (4 weeks)
1,876,026
4 Weeks Range
0.42 - 0.47
4 Weeks Price Volatility (%)
20.00%
52 Weeks Range
0.23 - 0.47
52 Weeks Price Volatility (%)
83.33%
Previous Close
0.425
Open
0.43
Bid
0.43 x 9,600
Ask
0.435 x 267,700
Day's Range
0.425 - 0.435
Trading Volume
339,400
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2023 [#2] | 24-Aug-2023
Next QR | Est. Ann. Date
30-Sep-2023 | 25-Nov-2023
T4Q P/E | EY
-2587.43 | -0.04%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.72 | 0.60
T4Q NP Margin | ROE
0.88% | -0.02%
Market Buzz
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Company Profile
Sector: FINANCIAL SERVICES
Sector: FINANCIAL SERVICES
Subsector: INSURANCE
Subsector: INSURANCE
Description:
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.
Discussions
11 people like this. Showing 50 of 5,134 comments
Next resistance level 0.50
Too early to target 0.60 to be honest. Perhaps possible in 2H 2023 which is not very far off. Now's the time to "put one's money where one's mouth is". I have never abandoned this stock. Many have jumped ship.
2023-03-17 14:03
Once price breached 0.55 and held above 0.50, then there's no looking back. Just monitor the share price appreciation of CapitalA and AAX. Another appealing aspect is, historically, Tunepro has been paying dividend annually without fail since 2014 up to as recent as year 2019. You have the options to sell and take profit or hold for div.
2023-03-18 09:27
Tune Protect seems like sympathy play compared to Air Asia X and Capital Air
2023-03-18 10:00
The only downside risk is the fact that Tune Protect invested heavily in bonds back in Q4 2020. As we all know, bond portfolios across all funds all over the world suffered badly from losses.
I would be cautiously optimistic on the next quarterly result for Tune Protect
2023-03-19 08:37
I am tuning in tonight another CEO public presentation and Q&A https://www.youtube.com/watch?v=uqFGvaPsnBQ
2023-04-13 08:54
come on Singapore airline posted highst PAT in 76 years and even our national airline MAS made money after year of struggle... its no brainer 2023 and 2024 are travel year.
2023-05-19 14:03
surprise they are doing talk with RHb so close to their results annoucement first come first serve can register here https://rhbgroup.zoom.us/webinar/register/7016838681972/WN_ma3Cpv9hQjG8Q_trYNj53Q
2023-05-19 14:04
QR 31-Mar-2023 announcement on the 25th May. they livestreaming on YT again. https://www.youtube.com/watch?v=nU4tWPJIjcQ
2023-05-19 15:16
Garbage results, garbage company. There u go. Should change the biz from insurance to investment co. All profit come from investment. Core biz loss making.
2023-05-25 19:13
Better don't so fast push first. No short term positive catalyst.
Still have bullet and waiting it to drop below 38 sen
2023-06-10 06:12
Will TuneProtect follows AAX and Capital A upsurge? Or rather slowly follow as before?
1 month ago
I think it largely depend on how fast it can recover back to its profit during the glory time, more than 10m to 20m profit per quarter
1 month ago
Tune protect won't follow AAX's surge. Underwriting profit separate from air ticket sales
1 month ago
Based on AirAsia reported robust passenger traffic, Tune Protect is expected to report a better QR next month.
RHB Investment Research Reports
Tune Protect Group - The Long-Awaited Recovery Year
rhbinvest
Publish date: Tue, 16 May 2023, 06:30 PM
Tailwinds from the return of travel. The widespread recovery of global travel bodes well for TPG and its travel partners in Malaysia, Thailand, and the Middle East. Most of the group’s Malaysia travel exposure is via its related company AirAsia, which reported robust passenger traffic in 1Q23 (tripled YoY, +13% QoQ). Feedback from management suggests that the take-up rate for TPG’s travel insurance policies from AirAsia passengers is now at c.12% – up from a single-digit average before the pandemic. For its regional exposure, the group has secured multiple airline partnerships (eg Bamboo Air, Salam Air) over the past few years. We believe the return of travel contributions domestically and regionally should help the group achieve its target of double-digit YoY growth in net written premiums (NWP) for FY23.
1 month ago
Profits mostly coming from investment. Better change to investment co. Ciao.
4 weeks ago
Insurance premiums collected are mostly invested to generate income, that is what every insurance company will do.
Group’s profitability in 2Q23 was supported by an increase in profit after tax to RM11.2 million, growth
of more than 100% Year-on-Year (“YoY”).
********
Next QR is expected to be even better with the commencement of collaboration with Vietjet Air from 5th of July 2023.
4 weeks ago
Wrong, the investment income only applied to life insurance for asset liability matching. General insurance as Tunepro should rely on the core insurance profits rather than quick gain on investment for their kpi. TunePro investment track record also very poor with huge losses on investment in previous years.
Core insurance biz is very competitive with many international insurances company offer better benefits and rates. Check it out urself.
——
StartOfTheBull
Insurance premiums collected are mostly invested to generate income, that is what every insurance company will do.
Group’s profitability in 2Q23 was supported by an increase in profit after tax to RM11.2 million, growth
of more than 100% Year-on-Year (“YoY”).
********
Next QR is expected to be even better with the commencement of collaboration with Vietjet Air from 5th of July 2023.
——
12 hours ago
4 weeks ago
Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets.
4 weeks ago
Take GEICO as an example the second largest auto insurance company in U.S.
Their top line growth in tandem with the investment growth since their inception many years ago.
Without top line growth the float money for investment income in also limited.
Tunepro top line has been declining since few quarters back despite various innovative new products launched by them.
Share price indicating investor are seeing the inability of their management to generate higher top line.
4 weeks ago
History is somewhat important but future is more significant.
I will give them a little more time to see whether their core biz revenue and income will keep increasing after COVID-19 and borders reopened.
MRFS 17 also affected insurance company like tunepro
4 weeks ago
Gen2, yes, it is affecting every listed insurance company.
But my opinion is we must be clear on the incident timeline, for example COVID-19, borders reopened, discontinuation from Perlindungan Tenang scheme and fully exited a low retention large corporate account.
These incidents affected the revenue and growth of company.
Insurance company is not like casino & tech company. It also cannot compare with insurers in HK who can attract mass mainland customers. The market in Malaysia is limited. That's why after borders reopened, company is expanding to overseas especially Asean countries. This takes time.
For the past few quarters, I'm happy to see this company is turned around and the profit margin is improving. The next thing is to grow the biz. Again, this takes time.
3 weeks ago
This one , can buy but have to wait very long time and IF only they execute strategies well !?
Goyak stock !!
3 weeks ago
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2 weeks ago
Vhydro, according to the company management/from their latest presentation deck https://www.insage.com.my/Upload/Docs/TUNEPRO/2Q2023-Analyst%20Deck.pdf#view=Full
SkyCare insurance is bundled insurance, which means all passengers will get insured and also means 100% take up rate for the company.
2 weeks ago
Goodness, This counter still 43 to 44c...I sold last year at a profit.profit...
Insurance business vely vely tough ...
Wait till very Tua, lowdai
1 week ago
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Villagers are smart. They will not buy bundle insurance with Airasia anymore. The travel insurance from other companies is way more cheaper.
2023-03-17 09:28