Highlights
KLSE: TUNEPRO (5230)       TUNE PROTECT GROUP BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
0.42   0.00 (0.00%)  0.415 - 0.42  941,700
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Overview

Market Cap: 316 Million
NOSH: 752 Million
Avg Volume (4 weeks):1,740,322
4 Weeks Range:0.38 - 0.45
4 Weeks Price Volatility (%):
57.14%
52 Weeks Range:0.20 - 0.57
52 Weeks Price Volatility (%):
59.46%
Average Price Target: 0.27
Price Target Upside/Downside: -0.15
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#3]  |  20-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  28-Feb-2021
T4Q P/E | EY: 11.27  |  8.87%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.76  |  0.55
T4Q NP Margin | ROE: 8.27%  |  4.90%

Headlines

Date Subject
23-Nov-2020 【行家论股/视频】TUNE保障 疫苗面市明年反弹
23-Nov-2020 Tune Protect Group- Weaker 3Q20 earnings; visibility on earnings and dividends remains low
23-Nov-2020 Trading Stocks - Tune Protect
23-Nov-2020 Tune Protect Group - Weaker 3Q20 earnings; visibility on earnings and dividends remains low
16-Nov-2020 PublicInvest Research Headlines - 16 Nov 2020
14-Oct-2020 Mplus Market Pulse - 14 Oct 2020
30-Sep-2020 【行家论股/视频】TUNE保障 违竞争法将上诉
29-Sep-2020 Tune Protect Group - Among 22 General Insurers Fined By MyCC
01-Sep-2020 8 things I learned from the 2020 Tune Protect AGM - Shak Chee Hoi
07-Aug-2020 Tune Protect Group: Key takeaways during AGM on 4 August 2020
03-Aug-2020 【行家论股/视频】TUNE保障 业务短期内可反弹
03-Aug-2020 Tune Protect - Impacted by Travel Restrictions
03-Aug-2020 Mplus Market Pulse - 3 Aug 2020
03-Aug-2020 Tune Protect Group- Still not out of the woods yet for travel insurance
30-Jul-2020 TUNEPRO (5230) Good Quarter TP: RM0.31 - by Top 1 Analyst in i3investor BabyAce 30/7/2020 (CLOSED TP HIT ON 3/8/2020)
29-Jul-2020 Tune Protect Group: Wishlist, can it be fulfilled?
18-Jun-2020 Questions for Tunepro 2020 AGM
27-May-2020 Tune Protect - Earnings From Travel Segment to be in Jeopardy
27-May-2020 Tune Protect Group- Low earnings visibility; gloomy outlook for travel insurance
20-Apr-2020 Technical Buy: TUNEPRO (5230)

Business Background

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.
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  10 people like this.
 
Davidl Uptrend towards 0.40!
26/08/2020 2:31 PM
Sslee Dear all.
For your information Tune Protect Group’s 9th AGM held on 4th August 2020 Q&A and presentation:
https://www.insage.com.my/Upload/Docs/TUNEPRO/Full%20set%20of%20Q&A.pdf#view=Full

https://www.insage.com.my/Upload/Docs/TUNEPRO/Presentation%20by%20Group%20CFO.pdf#view=Full
26/08/2020 2:43 PM
skl4723 Hi SS Lee, my I know your opinion on tunepro prospect? Btw, thanks for the sharing.
26/08/2020 8:45 PM
Sslee Good morning skl4723,
You can read the below link on insurance companies valuation.
https://klse.i3investor.com/blogs/PilosopoCapital/2018-10-28-story-h1455375686-_CHOIVO_CAPITAL_The_Art_Of_Valuing_Insurance_Companies_and_why_Teh_Hong.jsp

To me Tunepro is cheap enough for me to hold while waiting for Covid-19 to blow over and the restart of travel again
27/08/2020 8:41 AM
skl4723 Tq SS Lee. I agree with u. My only worry is whether AA or AAX can still survive through this pandemic.
27/08/2020 9:44 AM
Hustle They have to immediately sell vaccine only can survive lol
27/08/2020 10:41 AM
Hustle Glove, PPE or condom also can boost eps
27/08/2020 10:44 AM
Hustle Condom air sounds innovative hehe
27/08/2020 10:45 AM
babyqueen High volume.
07/09/2020 3:31 PM
khwong2028 lol Engineer your own dreams
08/09/2020 8:23 AM
Hustle Add Car insurance, dental, medical card sounds progressive
09/09/2020 11:12 AM
Hustle https://www.tuneprotect.com/
09/09/2020 11:14 AM
Orson Chin Dental ?????? Can buy for children le...
10/09/2020 11:47 PM
Jeffreyteck Boat without captain. Next push will be upon announcement of new captain. 3 years curse for new captain. First year, blame previous captain for poor management; second year, undergo restructuring and new business etc, give hopes; third year, still unable to improve, just resign, after all already earned quite sufficient. Lol.
18/09/2020 8:50 AM
Jeffreyteck Fine... Opportunities from volatility. Am R TP 0.25, of course mostly missed. May be should ask any piam members and association management whether they have any direct or indirect interest on workshops.
Nowadays even third party insurance with loading of 150% even without any claims record.
01/10/2020 8:18 AM
ivanlau ------------ quote --------
Stock: [TUNEPRO]: TUNE PROTECT GROUP BHD

May 25, 2020 1:02 PM | Report Abuse

calculate the forward pe , the fair value of TUNEPRO is around 26 - 30 cents
---------- unquote -------

Just refresh my old article to you all, now closing : 0.315 .
04/10/2020 9:59 PM
MoneyShow3 Will start moving up to 40sen again..more demand for piece meal insurance. Coverage vs traditional long term commitment and lock in.
11/10/2020 10:47 PM
Jeffreyteck Goreng on 40 years old new ceo.
14/10/2020 9:03 AM
drkervokian Excellent that they hired a new guy. previous management crap and bloated the company with so many layers as if it's a big old silo company.

Time to cut cut cut on useless dead-weight, attack the cost ratio and to scale expand digitally!

i have a lot of faith in leaders from Indian sub-continent.
14/10/2020 3:18 PM
MoneyShow3 Russia and China vaccine at ph3, travels opening up soon. Travel insurance demand will be in demand.
18/10/2020 8:07 PM
ivanlau ------------ quote --------
Stock: [TUNEPRO]: TUNE PROTECT GROUP BHD

May 25, 2020 1:02 PM | Report Abuse

calculate the forward pe , the fair value of TUNEPRO is around 26 - 30 cents
---------- unquote -------

Already highlighted u all the fair value of TUNEPRO at 25/May, yesterday closing 0.305
29/10/2020 11:31 AM
samo50sg https://www.straitstimes.com/singapore/inbound-travellers-to-singapore-can-purchase-insurance-for-covid-19-related-costs
18/11/2020 6:24 PM
Jeffreyteck Mco time reported a better results than Q3. Lol. Trading play as insufficient disclosure on segmental results.
22/11/2020 9:15 AM
yfchong Matti liao
22/11/2020 9:50 AM
machineprediction something is brewing
24/11/2020 9:55 AM
vivabursa worth to hold and wait for recovery...still making profit at difficult time.
25/11/2020 10:40 AM
babyqueen Tune Protect is working with Boxku on e-commerce consignment insurance
01/12/2020 1:39 PM
alex ayam goreng satu
02/12/2020 10:05 AM
Bilibulo In response to the pandemic, some countries (such as United Arab Emirates and Oman) responded quickly and had taken the lead to strongly encourage Travel and Health Insurance coverage for its inbound passengers. Closer to home, Thailand have also followed suit and made Travel and Health insurance coverage mandatory for its inbound passengers. The Group is currently involved in various discussions with selected airlines which expressed strong interest to bundle insurance coverage in their value plan or air fares

From latest quarterly report
02/12/2020 10:50 AM
108Ventures Why is it up today so much ? quarterly results so bad
02/12/2020 11:13 AM
babyqueen Quarterly results only shows past performance.
02/12/2020 3:35 PM
vivabursa One of the most Undervalued insurance company with big recovery potential
02/12/2020 8:09 PM
ValueInvestor21 3 new partners signed in October covering Vietnam, Middle East and Malaysia. Their new CEO updates regularly on his Linkedin account every weekend.
04/12/2020 10:17 PM
alex mee goreng very laku
07/12/2020 10:04 AM
Rohit_Nambiar Hello All,

Rohit Nambiar here. I joined Tune Group as the Group CEO around 8-weeks back. I am excited by the opportunity it presents.

Currently, I am in the process of listening to different stakeholders - from customers to employees, from distributors to partners and from Analysts to investors. In this regard, it is my pleasure to be here and see some of your comments first hand above. This helps us in formulating the right strategy.

Meanwhile, here is a link to an interview I had done just before joining Tune. This covers my general views on insurance, disruption, consumer experience and the like

https://www.youtube.com/watch?v=4qMY2mlwxiQ

I hope to meet some of you at the investor meets or at the AGM.

Stay safe.

Regards,
Rohit
07/12/2020 2:22 PM
Sslee Dear Rohit Nambiar,
Welcome to Malaysia and Tunepro.
I am glad that your are prepare to engage with shareholders in this i3ivestor forum.
Below are some of the questions I submitted in advance for Tunepro 9th AGM.
I felt the answers given by the Board was not very satisfactory and I would like you to have a second look into my questions.

Dear Tunepro IR,
Thank you for sharing with me the answer to my pre-submitted questions with paraphrased clarity and precision.

I had studied the answers given and I think I need to further clarify with the Board or management team on some of the essence of my original questions.

Investment in fair value through profit or loss (FVTPL) financial assets. Allow me to paraphrase:
Question 1: Any organization or governance structure in place to oversee and manage the investment holding function of the Group?
Question 2: Is there an investment committee to meet periodically to evaluate the performance of the investments and whether the investing strategies meet the investment objective? And any policy to cut loss on underperformed investment?

My original question on Dividend policy:
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?

Answer:
Our dividend practice is consistent with what was disclosed in our IPO circular. It says and I quote “As part of this policy, we target for a pay-out ratio of not less than 40% of our consolidated profit in each financial year, subject to any applicable law and provided that such distribution will not be detrimental to our Group’s cash requirement.” In addition, any distribution of dividend is subject to our Group’s availability of distributable reserves, contractual obligations and capital expenditure plan.
Based on our track record from FY2013 to FY2018, we have been consistently paying more than 40% of our PATMI to shareholders in the form of dividend.
As you are aware, part of our business being travel focused, the pandemic impact has hit the travel industry the hardest as compared to other sectors. No dividend is declared for FY2019 as the priority now is to conserve cash to ensure the Group’s operational sustainability while having excess fund to invest in and strengthen our digital capabilities in order to adapt to the new normal. Despite achieving higher YoY profitability in FY2019, we are cognisant that the operating climate for the remainder of FY2020 will continue to be challenging given the uncertainties that lie ahead. In the event the performance of Tune Protect Group significantly improves, we may consider issuing special dividend or interim dividends in the future.

After received the above answers I wrote in:
So please allow me to paraphrase:
Will the distribution of dividend for financial year end 2019 result in:
1. Against any applicable law?
2. Detrimental to the Group's cash requirement?
3. Against the Group's availability of distribution reserves?
4. Against contractual obligation and capital expenditure plan?

On AA Ecosystem:
Please allow me to paraphrase:
Any plan by Tunepro to leverage AirAsia big data and digital platform to cross sell: Health, Life, Saving and Education policies online to targeted groups?

I am looking forward to the Board or Management team clarification.

Best Regards
SS LEE
07/12/2020 3:11 PM
alex Hi Rohit_Nambiar , welcome to Tunepro..

Just a reminder, Tunepro will change their CEO every year..

Every year AGM, different CEO, this is Tunepro's culture..

BTW, the share price pike up recently .. shareholders will happy even no dividend..

kthanxbye
07/12/2020 10:22 PM
MoneyShow3 Nice, interesting that the new CEO, Rohit Nambiar is here and welcome.

Dear Rohit,
Wanted to clarify some rumours around the international digital ID/Passport which the IATA is working on with insurance companies, airlines and governments to enable vaccinated persons to be registered along with their credentials and travel insurance information, allowing them to travel across boarders.

Considering the links to airasia and many other international airlines, esp in the middle East, is tunepro aligning with such an initiative? It would certainly be a important enabler to future profit streams for the next 3 years at least...
08/12/2020 12:51 AM
108Ventures this company is very dodgy one. Play play all the time. Price pump on story...then dump all of a sudden. need to change the whole board and management. Only then can something different happen.
08/12/2020 12:15 PM
Sslee Dear Rohit Nambiar,
Thank you very much for responding to my comment in i3forum through ir@tuneprotect.com email to me.

Dear all,
Highlight of the response:
We would also like to add that Rohit will be sharing more about the Group’s strategy and plans moving forward with investors early next year. Stay tuned for that. In the meantime, you can refer to page 12 of the below link for an idea of what is to come
https://www.insage.com.my/Upload/Docs/TUNEPRO/3Q20%20Analyst%20Presentation_Final.pdf#view=Full
.
09/12/2020 5:11 PM
yfchong Ok.... rohit.
11/12/2020 8:46 PM
MoneyShow3 OK Rohit, seems you are driving this firmly to the moon. The next few quarters should be very exciting from how things are shaping up for travel again.
Since the market is confident, am going in all the way too...
15/12/2020 12:16 AM
yfchong Try to collect at lower price may be may 21 is a good time... many sifu says dont time the market
16/12/2020 10:06 AM
108Ventures told you pump and dump. Price heading south again. Need to cut losses and get out
22/12/2020 12:15 PM
yfchong 0.35 can have a look
23/12/2020 11:03 PM
khwong2028 go Binance trade lar . this is so bored , even pump and dump got many chance in crypto market .
27/12/2020 8:38 AM
vivabursa Long term investment
27/12/2020 5:36 PM
DonWorryBeHappy Sold 44
30/12/2020 3:21 PM
yfchong TunePro is facing hard time.
10/01/2021 5:41 PM
babyqueen Holding strong. Something is up for Tunepro
13/01/2021 9:58 PM


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