GOOD DIVIDEND
TUNEPRO 5230 Share Price
RM0.29
klse: Tune Protect Group Berhad
Stock Information
Board : Main
Shariah : Non-Shariah Compliant
Sector : Insurance Fund Management
Address: Level 8, Wisma Capital A, 19 Lorong Dungun, Damansara Heights, 50490 Kuala Lumpur
Contact: +603-40654244
Website: https://www.tuneprotect.com
Stock Background
Tune Protect Group Berhad is engages in the provision of various general and life insurance products. The Company offers a range of online insurance products, including travel, lifestyle protection, and guest personal accident insurance products.
Profit Analysis: TUNEPRO 5230
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 20/05/26 | 80,863 | 1,665 | 3,296 |
| 26/02/26 | 94,896 | 10,651 | 5,723 |
| 24/11/25 | 87,547 | 10,010 | 6,328 |
| 27/08/25 | 86,544 | 11,702 | 8,503 |
| 28/05/25 | 88,498 | 10,561 | 5,900 |
| 27/02/25 | 98,953 | 7,186 | 8,008 |
| 25/11/24 | 100,207 | 9,329 | 5,862 |
| 28/08/24 | 95,412 | -10,264 | -9,765 |
| 24/05/24 | 94,622 | -4,069 | -3,534 |
| 29/02/24 | 43,067 | -22,646 | -16,196 |
| 23/11/23 | 106,941 | 9,038 | 3,757 |
| 24/08/23 | 102,303 | 12,974 | 9,518 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 15 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | -6,006 |
| Last 4 Quarter EPS (sen) | -0.82 |
| Last 4 Quarter PER | 0 |
| Last 4 Quarter Dividend (sen) | – |
| Last 4 Quarter Dividend Yield (%) | 0.00 |
| Net Tangible Assets (RM) | 2642.00 |
| Goodwill (RM) | 0 |
| Cash (RM’000) | 2,120 |
| Debt (RM’000) | 20,670 |
| Total Debt (RM’000) | 94,770 |
| Net Assets (RM’000) | 172,200 |
| Current Ratio | 1.06 |
| Quick Ratio | 0.83 |
| Cash Ratio | 0.73 |
Technical
Technical Analysis
| MACD (26 vs 12) | -0.001 |
|---|---|
| Exponential Moving Average 5 | 0.11 |
| Exponential Moving Average 20 | 0.112 |
| Exponential Moving Average 90 | 0.114 |
| Relative Strength Index 14 | 0.50 |
| Stochastic %D 3 | 0.33 |
| Stochastic %K 14 | 1.00 |
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Stock Profit Analysis
-
BNASTRA 7195 ★★★★★RM2.14 - PETRONM 3042 ★★★★★RM3.44
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Salary Proof
BURSA MALAYSIA –
The Group recorded a more than 100% increase YoY in PAT at RM0.2 million as we returned to black from the loss of RM34.6 million reported in FY2022. YoY, our retention ratio increased by 17% to 79%, maintaining the same percentage of 98% and 88% for Health and Lifestyle pillar respectively but recorded a decline in SME by 4%. We are staying cautiously optimistic for 2024, as global economic growth is expected to slow down given that inflation remains a key concern for countries. There are, however, several areas that we are very positive about, with the rebound of the travel industry being one of them. We see huge opportunities in the ASEAN and B2B travel landscape and that presents a platform for us to further expand our travel and ecommerce businesses.
BURSA MALAYSIA –
The group reported a LAT of RM34.2 million in FY2022, compared to the LAT of RM18.2 million in FY2021. The increase in LAT was mainly due to an increase in the share of losses in our Thai associate and a decrease in underwriting profits due to normalisation of claims, particularly in the general insurance segment. Tune Protect will be continuing the momentum by focusing on the efficient execution of their eight key areas of commitment. Barring unforeseen circumstances, they are on track to achieving the targets for the majority of our key areas and will be concentrating on boosting three commitments: evolving our tech arm, White Label, into a profit centre, becoming a more efficient organisation on a ratio basis and growing our ASEAN presence further.
BURSA MALAYSIA –
Profit before tax of the Group by improved by RM15.4 million, from RM11.9 million loss in 3Q22 to RM3.5 million profit in 4Q22, mainly due to the increase of RM10.5 million in realised and unrealised investment income and increase of RM6.2 million in underwriting profits, mainly resulted from reduction in claims reserve in 4Q22.
BURSA MALAYSIA –
The Group’s operating revenue decreased by RM13.0 million, from RM142.8 million in 2Q22 to RM129.7 million in 3Q22, mainly due to drop in gross earned premiums in current quarter. Loss before tax of the Group reduced by RM10.5 million, from RM22.4 million loss in 2Q22 to RM11.9 million loss in 3Q22, mainly due to the increase of RM5.0 million in realised and unrealised investment income and decrease of RM3.6 million in share of loss of associate.
BURSA MALAYSIA –
Loss before tax of the Group increased by RM19.5 million from RM2.9 million in 1Q22 to RM22.4 million loss in 2Q22. The significant increase was mainly due to decrease of RM10.1million in underwriting profits, decrease of RM4.4 million in realised and unrealised investment income, and increase of RM4.4 million in share of loss of associate. The decrease of RM10.1 million in underwriting profits was mainly attributable to the increase in unearned premiums of RM14.1 million whereas total fee and commission expenses were recognised immediate during the quarter.
BURSA MALAYSIA –
Loss before tax of the Group reduced by RM12.5 million from RM15.5 million in 4Q21 to RM3.0 million in 1Q22. The significant reduction was mainly attributed by increase of RM7.8 million in underwriting profits, reduction of RM2.8 million in share of loss of an associate and improvement of RM1.5 million in realised and unrealised investment income.
BURSA MALAYSIA –
Profit before tax of the Group decreased by RM15.7 million from profit of RM0.2 million 3Q21 to loss of RM15.5 million in 4Q21. The significant decrease was mainly attributed by decreases of RM6.0 million in realised and unrealised investment income, RM7.9 million in underwriting profits and RM2.2 million in share of results of an associate in 4Q21.
BURSA MALAYSIA –
Profit before tax of the Group decreased by RM20.1 million from RM20.3 million 2Q21 to RM0.2 million in 3Q21. The significant decrease was mainly attributed by an increase of RM12.6 million in fair value losses of investments and a decrease of RM7.4 million in underwriting profits in 3Q21.
BURSA MALAYSIA –
The decrease of RM13.2 million in Group’s segment profit from RM20.6 million in 2Q20 to RM7.4 million in 3Q20 was mainly due to decrease in fair value gains on investments of RM6.6 million as a result heavy sell down during the quarter following strong market rebound in 2Q20, compensation costs due to the change in management structure and additional marketing allocation for the launch of our mobile application in Malaysia
The Star –
Tune Protect Group Bhd has appointed Rohit Chandrasekharan Nambiar as its group CEO effective today. He replaces Khoo Ai Lin who resigned on July 31,2020. The company said in a statement that his responsibility would include steering Tune Protect on its continuing journey of strong growth and digital transformation.
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 1.99 million. It was slightly low compared to average in listed companies, considering the employees’ remuneration of 58.2 million and auditor’s remuneration of 557 thousands
BURSA MALAYSIA –
The Group’s operating revenue decreased from RM125.8 million in 4Q19 to RM122.6 million in 1Q20. The decrease was mainly due to decrease in gross earned premiums; and decrease in investment income. The decrease of RM8.7 million or 70.9% in Group’s profit from RM12.3 million in 4Q19 to RM3.6 million in 1Q20 was mainly due decrease in net earned premium; Increase in net claims incurred; Decrease in fair value gains on investments; Decrease in invesment income; Decrease in management expenses; Decrease in net commission expense; and increase in other income.
INVESTING MALAYSIA –
TUNEPRO (9 JAN 20) Tune Protect Group Bhd’s unit is disposing of its stake in Laka Ltd for 555,369.36 pounds (about RM3 million). Laka is a London-based insurance technology (insurtech) startup offering non-conventional insurance targeted at high-end bicycle owners.
Investing Malaysia –
Average investing volume for Tune Protect Group Bhd in the past three months in stock market was 1414.5k lots
Investing Malaysia –
TUNEPRO gets a score of 25.25 in our equity and assets quality test based on current share price of RM0.495
Investing Malaysia –
Tune Protect Group Bhd gets a score of 40 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 5230 in Bursa Malaysia declared adjusted 5.62% dividend yield in past few years
Investing Malaysia –
TUNEPRO is estimated to have a profit consensus of 41.23 millions, with an adjusted market capitalization of 353.33 millions
REMUNERATION STUDY –
In Financial Year End 2018, the directors’ remuneration was 2.17 million. It was slightly low compared to average in listed companies, considering the employees’ remuneration of 61.7 million and auditor’s remuneration of 622 thousands