【TUNEPRO 5230 专区】（前名 TUNEINS）

icy97

Tune保障不放弃印尼　冀近期併购资產

财经  2016年06月03日
（吉隆坡3日讯）由于看好印尼市场，Tune保障（TUNEPRO，5230，主板金融股）仍会寻找印尼併购机会，並且也会专注其他东盟市场。

Tune保障主席拉兹曼哈菲兹指出，由于监管限制，导致该公司2次尝试收购印尼资產都失败，但该公司並没有放弃，依然在印尼市场寻找其他併购机会，冀望可在近期或今年內购买资產。

与此同时，Tune保障首席执行员赵龙衍补充道，该公司在印尼寻找的资產超过1项，並有信心可完成收购。

同时，该公司也会保持开放態度，一旦有素质良好的资產，而且价格合理的话，该公司也会考虑收购，而公司目前优先考虑的市场则是东盟。

他们在今天出席公司股东大会后，向媒体发表上述谈话。

对于公司2016財政年前景，赵龙衍表示，虽然大马普险市场充满挑战，但公司认为保险渗透率仍处于低水平，而且旅游活动不断增长，將带动旅游保险需求，所以相信公司今年营业额可交出高单位数至低双位数增长。

次季可维持增长势头

「Tune保障首季已交出不俗表现，相信公司在次季仍可维持目前增长趋势。同时，合理推断的话，也预测公司盈利也能交出与营业额同等的表现。」

此外，他说，为了確保公司能达到预期表现，公司也会採取一些措施，如简化產品、提升索赔效率等，让顾客有更好的体验。

目前，该公司普险业务佔总营业额约75%，而旅游保险则佔约25%。

然而，以整体盈利来看，75%的贡献则来自旅游保险，剩余的25%来自普险业务。

赵氏表示，目前，数码业务的贡献並不明显，但相信该业务在接下来会扮演重要的角色，不仅为顾客带来便利，更会配合大数据，而推出更好的產品予顾客。

同时，他也认为，火险及汽车保费定价限制放宽，也会让业者推出更多符合顾客需求的產品。

儘管网络逐渐普及化，不过，赵龙衍指出，目前TUNE保险大马公司（TUNE Insurance Malaysia Berhad，简称TIMB）保单中的60%来自保险经纪，主要是因为他们可提供顾客更多的服务选项。

针对即將在7月15日卸下首席执行员职务，赵龙衍回应说，辞职是因为私人理由，主要是要为花更多时间陪伴家人。

拉兹曼哈菲兹则表示，董事局安排他接替首席执行员职务，主要是他已在董事局3年，拥有相关经验，能在交替之际確保公司营运不会受到太大影响。【东方网财经】

icy97

旅遊保險獲利看俏‧TUNE保障財測大幅上調

2016-06-09 18:54      
（吉隆坡9日訊）受惠於姐妹公司業績大好提振，TUNE保障（TUNEPRO,5230,主板金融組）旅遊保險業務獲利前景備受看好，分析員大幅度上調其2016至2017財測與目標價。

姐妹公司業績提振

該公司自2月1日其股價從1令吉16仙漲至6月9日的1令吉53仙，共漲了31.89%或37仙。

MIDF研究表示，雖然該公司股價已經過一輪大漲，但按該公司最近一期的業績表現來看，其股價應有更好表現。

該公司最新一季淨利成長37.30%至2262萬8000令吉，營業額也成長16.44%至1億2954萬4000令吉。

在其姐妹亞航X（A A X，5238，主板貿服組）和亞洲航空（AIRASIA,5099,主板貿服組）合作下，其業務會在旅遊保險業務帶動下繼續猛漲。

MIDF內部的數據預測，亞洲航空和亞航X乘客數量，2016年全年將分別成長4.8%和5%。這對Tune保障旅遊保險業務來說是一項利好。

儘管受到姐妹公司業務出色帶動，但該公司計劃在未來3年減少亞洲航空業務上的依賴，預料與姐妹公司相關的業務將減低至80%至85%之間。該公司與半島航空公司（Air Arabia）保險業務合作會是此舉的第一步。這也會為該公司打開中東的市場。

另外，國際航空運輸協會（IATA）預測今年中東市場將成長11.2%。該公司也正在與當地的旅遊代理合作，拓展在當地保險銷售，相信會進一步推高該公司保險的銷售量。

目前該公司的網絡保險領域仍處於初期階段，尚未為公司帶來顯著獲利貢，但MIDF認為這只是時間上問題。此外，該公司也正在擴大其數據庫，以進軍回教保險以及區域性市場，以帶來更多傭金回酬。

此外，Tune保障與大馬汽車保險聯營公司（Malaysian MotorInsurance Pool）淨保費收入增加與重新調整產品組合，也使到該公司未來賺幅增加。

綜合以上，MIDF維持該公司評級“買進”不變，目標價調高至“2令吉14仙”。（星洲日報／財經‧報道：傅文耀）


TUNE保障旅游保单贡献看涨
2016年6月11日
http://www.enanyang.my/news/20160611/tune保障旅游保单贡献看涨/

哭哭鸟

Tune Protect Group Bhd forms bullish "Symmetrical Continuation Triangle" chart pattern
Jul 11, 2016

Recognia has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Tune Protect Group Bhd (5230:MYX). This bullish signal indicates that the stock price may rise from the close of 1.47 to the range of 1.67 - 1.71. The pattern formed over 21 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend.

This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.

icy97

拉兹曼15日接掌Tune保障

财经  2016年07月14日
（吉隆坡14日讯）Tune保障（TUNEPRO，5230，主板金融股）现任主席拉兹曼哈菲兹7月15日起，將卸下主席职位，並正式被委任为首席执行员，以取代在同天卸任赵龙衍。

Tune保险在今日发布文告，宣布相关监管机构批准上述人事变动。同时，Tune保险独立非执行董事黄世川（音译）將暂代主席一职，直至该公司另行委任新任独立主席。

拉兹曼哈菲兹对自己被正式委任为首席执行员一事，表示兴奋。

「公司董事局与监管机构对我的信任，將激励我带领Tune保障实现其所有潜能。」【东方网财经】

Date of change	15 Jul 2016
Name	MR NG SOON LAI @ NG SIEK CHUAN
Age	62
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Non Executive Director
New Position	Chairman
Directorate	Independent and Non Executive
Qualifications
Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest: 100,000 ordinary shares of RM0.10 each

Date of change	15 Jul 2016
Name	ENCIK RAZMAN HAFIDZ BIN ABU ZARIM
Age	61
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Group Chief Executive Officer
Qualifications	1. Joint-Honours Degree in Economics and Accounting, BSc ("Econs") from University College, Cardiff, Wales2.Member of the Institute of Chartered Accountants in England and Wales3. Member of the Malaysian Institute of Accountants
Working experience and occupation	1. Malaysian Assurance Alliance Berhad- Chief Executive Officer (2000 to 2002)2. Norush Sdn. Bhd.- Chairman (1994 to 2016)3. Price Waterhouse's Management Consulting Practice, Malaysia- Partner-in-Charge (1989 to 1993)4. Hacker Young, Chartered Accountants, London, England- Audit Assistant Manager (1984 to 1987)- Audit Partner (1987 - 1989)5. Touche Ross & Co., Chartered Accountants, London, England- Audit Junior (1977 to 1987)
Directorships in public companies and listed issuers (if any)	1. Panasonic Manufacturing Malaysia Berhad2. Linde Malaysia Holdings Berhad (formerly known as Malaysian Oxygen Berhad)3. Hartalega Holdings Berhad
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Nil

Remarks :

We refer to the announcements dated 20/05/2016 and wish to update that Encik Razman Hafidz Bin Abu Zarim is formally appointed as the Group Chief Executive Officer of Tune Protect Group Berhad (formerly known as Tune Ins Holdings Berhad) with effect from 15/07/2016 following the approval granted by regulatory authorities.This announcement is dated 14 July 2016.

Date of change	15 Jul 2016
Name	ENCIK RAZMAN HAFIDZ BIN ABU ZARIM
Age	61
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Resignation
Reason	Requirement by regulatory authorities as Encik Razman Hafidz Bin Abu Zarim will be formally appointed as the Group Chief Executive Officer of Tune Protect Group Berhad (formerly known as Tune Ins Holdings Berhad) with effect from 15/07/2016, following the approval granted by regulatory authorities.

icy97

Type	Announcement
Subject	OTHERS
Description	TUNE PROTECT GROUP BERHAD (FORMERLY KNOWN AS TUNE INS HOLDINGS BERHAD) ("TPG")- Press Release - Appointment of Group Chief Executive Officer
Please find attached the Press Release dated 14 July 2016 for your attention. This announcement is dated 14 July 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5148357

Attachments TPG - Press Release 140716.pdf

icy97

Date of change	19 Aug 2016
Name	MISS TAN AH MOI
Age	57
Gender	Female
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Financial Officer
Reason	To pursue other opportunities.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Remarks :

Tune Protect Group Berhad (formerly known as Tune Ins Holdings Berhad) is in the midst of finalising a replacement and a further announcement will be made in due course.This announcement is dated 19 July 2016.

Junechang1

Tunepro的潜能是很大的，无论如何，根据airasia的走势tunepro在1.60交易未免也太便宜了吧，之前看一篇文章蛮不错，分享。
http://chartian.com/another-counter-against-market/

icy97

TUNE保障委新财务总监

2016年8月16日
（吉隆坡15日讯）TUNE保障（TUNEPRO，5230，主板金融股）宣布，委任曾惠微（译音）担任财务总监，并从9月1日起生效。

现年46岁的曾惠微，毕业于爱荷华大学，是大马会计师协会（MIA）以及大马注册会计师协会（MICPA）的会员。

曾惠微在这之前是安盛艾芬保险有限公司（AXA AFFIN General Insurance Bhd）财务报告与投资部的高级副总裁。

她也曾担任多个保险企业要职，包括东京海运（Tokyo Marine）保险有限公司财务助理总经理、太平保险有限公司（The Pacific Insurance Berhad）的金融服务高级经理等。【e南洋】

Date of change	01 Sep 2016
Name	MISS CHEN OOI WAI, SHIRLEY
Age	46
Gender	Female
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer
Qualifications	1. Malaysian Institute of Accountants (MIA) - Member (since 1996) 2. Malaysian Institute of Certified Public Accountants (MICPA) - Member (since 1996) 3. BBA in Accounting from The University of Iowa, USA
Working experience and occupation	1. AXA-AFFIN GENERAL INSURANCE BERHAD Senior Vice President : Finance Reporting & Investment (April 2011 till July 2016) 2. TOKIO MARINE LIFE INSURANCE MALAYSIA BERHAD Assistant General Manager, Finance (2009 till 2010) 3. THE PACIFIC INSURANCE BERHAD Senior Manager - Financial Services Department (2004 till 2008)Senior Manager - Planning, Development & Compliance Department (2002 till 2003) 4. KONSORTIUM INSURANS BERHADVice President II  Finance & Administration Department (June 1996 till 2001) 5. ARTHUR ANDERSEN & CO.Experienced Senior  Audit Department (April 1992 till  May 1996)

icy97

TUNE保障次季净利飙64%

2016年8月20日
（吉隆坡19日讯）由于保费和投资收入走高，带动TUNE保障（TUNEPRO，5230，主板金融股）截至6月30日次季，净利按年飙涨64%，同时宣布派息每股5仙。

该公司次季净赚2646万8000令吉，优于去年同期的1614万3000令吉。

营业额则按年涨8.92%，报1亿2553万5000令吉。

累计首半年，净利按年扩大50.5%，至4909万6000令吉；营业额则提升12.62%，录得2亿5507万9000令吉。

TUNE保障总执行长拉兹曼在文告中指出，业绩稳健归功于次季的普险业务表现强劲，同时创下最高的承保盈利记录。至于旅游保险业务的增长则缓和，首6个月的承保盈利扬15%。

“尽管营运环境充满挑战，不过，普险业务包括大马旅游个人保险、泰国和阿联酋的Tune保障的贡献，以及数码业务的表现，意味着公司处于正轨，符合多元化业务和平衡收入来源的策略。”

他说，宏观经济低迷和汇率波动，估计将会延伸至下半年。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	125,535	115,254	255,079	226,500
2	Profit/(loss) before tax	35,173	18,436	61,170	35,742
3	Profit/(loss) for the period	29,637	17,226	53,920	34,429
4	Profit/(loss) attributable to ordinary equity holders of the parent	26,468	16,143	49,096	32,624
5	Basic earnings/(loss) per share (Subunit)	3.52	2.15	6.53	4.34
6	Proposed/Declared dividend per share (Subunit)	5.00	4.04	5.00	4.04
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6100		0.6000

icy97

TUNE保障
今明年财测上修

2016年8月23日

分析：MIDF投资研究
目标价：2.28令吉

最新进展

受惠于保费和投资收入走高，TUNE保障（TUNEPRO，5230，主板金融股）截至6月30日次季，净利按年飙涨64%至2646万8000令吉，或每股净利3.52仙；营业额则按年涨8.92%，报1亿2553万5000令吉。

累计首半年，净利按年扩大50.5%，至4909万6000令吉，相等于每股净利6.53仙；营业额则提升12.62%，录得2亿5507万9000令吉。

同时，TUNE保障宣布派息每股5仙。

行家建议

TUNE保障首半年的盈利取得4860万令吉，超越我们的预期，占我们全年净利预测的61%。

基于净索赔减少，加上净保费收入上涨，因此，我们将2016及2017财年收益预测，分别提升至16.8%以及8.3%，尽管如此，净索赔比例预测我们仍保守地定在31%。

我们将维持“买入”投资评级，并将目标价从2.14令吉，上修至2.28令吉。

目标价上修的潜在因素，分别为TUNE保障主导本地旅游保险的市占率、拥有健康的资产负债表、强劲的双位数投资回酬率（ROE）增长，以及较低的股价对账面价值（PBV）与本益比（PER）估值。



【e南洋】

icy97

TUNE保障盈利可期

cheah问：

TUNE保障（TUNEPRO，5230，主板金融组）的业绩前景如何？可买进吗？

答：根据大华继显最新的分析报告，TUNE保障盈利成长优于同侪，加上估值具吸引力，未来净利可稳健成长。

大华继显表示，该公司最主要收入来自旅游保险，而旅游保费赚幅高达55%，远高于非旅游保险，后者赚幅一般介于8%。

该公司整体赚幅介于15%至20%，而普险赚幅介于8%至13%。

该行表示，该公司与亚洲航空（AIRASIA，5099，主板贸服组）的合作协议即将截止，惟风险不大，因亚航持有前者13.7%股权，亚航6%营业额由TUNE保障贡献。

大华继显认为，TUNE保障亦可能上调保费，因其保费低于其他业者。

目前，TUNE保障最低保费额为14令吉，同侪则为16令吉，但TUNE保障意外身亡赔偿金额为30万令吉，同侪则为17万令吉。

大华继显说，该公司索赔率也从2010的50%走低至35%至37%，其中车险索赔率低至57%，而保险赔偿则为3.5%，同侪的车险索赔率分别为71%。

大华继显表示，尽管预期该公司2017及2018财政年的每股净利复合成长率为9.4%，而同侪则为6.2%，但该公司2017财政年12.5倍本益比及2.2倍的账面价值估值，仍低于同侪15.6倍，因此给予该公司“买进”评级及2令吉零5仙目标价。

文章来源：
星洲日报‧投资致富‧投资问诊‧文：李文龙‧2016.10.20

哭哭鸟

TUNE保障第三季赚1433万
派息每股5仙
2016年11月26日
http://www.enanyang.my/news/20161126/tune保障第三季赚1433万br-派息每股5仙/

（吉隆坡25日讯）由于普险收入走高，带动TUNE保障（TUNEPRO，5230，主板金融股）今在9月30日第三季的净利，按年涨11.5%，报1433万6000令吉，或每股净利1.91仙，同时宣布派息每股5仙。

营业额也从去年同期的1亿2277万1000令吉，增2.69%至1亿2607万6000令吉。

累计9个月表现，净利年增39.45%，报6343万2000令吉；营业额也按年升9.13%，至3亿8115万5000令吉。

TUNE保障提到，该季取得按年增长，归功于普险和联营公司的盈利贡献。

投资线上保险

虽然在投资控股业务按年由盈转亏，保险业务盈利也萎缩15.7%，但普险业务的盈利年增1.5倍，抵消了前者带来的影响。

今年6月15日上任的集团总执行长拉兹曼哈菲兹，在今天发出的文告中提到，该公司将会继续投资发展线上保险业务，加强在数码平台的品牌销售。

“我们会专注发展本地和泰国的普险业务，强化盈利。”

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	126,076	122,771	381,155	349,271
2	Profit/(loss) before tax	16,701	13,422	77,871	49,164
3	Profit/(loss) for the period	15,339	13,275	69,259	47,704
4	Profit/(loss) attributable to ordinary equity holders of the parent	14,336	12,862	63,432	45,486
5	Basic earnings/(loss) per share (Subunit)	1.91	1.71	8.44	6.05
6	Proposed/Declared dividend per share (Subunit)	5.00	4.04	5.00	4.04
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6400		0.6000

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TUNE保障末季净利跌30%

2017年2月25日
（吉隆坡24日讯）普险与普险再保险业务盈利下跌，加上营销成本走高，抵消海外公司盈利，TUNE保障（TUNEPRO，5230，主板金融股）截至去年12月杪末季，净利按年下跌29.56%。

该公司昨天向马交所报备，末季净利达1654万4000令吉，低于上财年同期的2348万6000令吉。

当季营业额按年增3.47%，至1亿3546万6000令吉，比上财年同期的1亿3092万2000令吉高。

合计全年，净利按年增加15.95%，至7997万6000令吉；营业额微升7.59%，达5亿1662万1000令吉。

TUNE保障总执行长拉兹曼哈菲兹称：“如之前所述，我们的线上保险业务取得重大进展，公司的线上业务数量能证明我们所言属实。”

“我们加强客户直接投保，虽然数量不大，但该业务在去年增长了近5倍，共发出了7506份保单。”

旅游保费飙4.26倍

“航空旅游保险——Tune Protect Travel Easy的总保费收入，飙涨超过4.26倍，全年录得44万令吉。”

该公司董事部预计，今年的线上业务将继续蓬勃发展。

因此，将专注在产品创新、客户体验，以及创新管道，以达到容易购买保险的承诺。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	135,466	130,922	516,621	480,193
2	Profit/(loss) before tax	16,812	27,359	94,683	76,523
3	Profit/(loss) for the period	17,326	25,179	86,585	72,883
4	Profit/(loss) attributable to ordinary equity holders of the parent	16,544	23,486	79,976	68,972
5	Basic earnings/(loss) per share (Subunit)	2.20	3.12	10.64	9.17
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	5.00	4.04
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6600		0.6000

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涉违反竞争法令
TUNE保障子公司罚款361万

2017年3月1日
（吉隆坡28日讯）由于涉及违反竞争法令，TUNE保障（TUNEPRO，5230，主板金融股）普险子公司遭大马竞争委员会罚款360万8530令吉。

该公司今日向马交所报备，TUNE保险大马有限公司（TPM）在2月22日接获大马竞争委员会通知，初步决定TPM与其他马普通保险协会（PIAM）会员，或21家普险业者，因操纵汽车零件折扣和人工费用而违反竞争法令。

尽管如此，大马竞争委员的初步决定并非最终结论，因此马普通保险协会会员可在宽限期内，提呈信函捍卫立场。

咨询公司法律顾问后，TUNE保障决定采取所需及适当的行动，捍卫该公司没有违法的立场。

同时，该公司也强调，TPM一直都是按照马普通保险协会发出的指令行事。【e南洋】

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Type	Announcement
Subject	OTHERS
Description	Tune Protect Group Berhad ("TPG" or "the Company") - Notice of Proposed Decision by the Malaysia Competition Commission to General Insurance Subsidiary of the Company
The Board of Directors of the Company wishes to announce that its general insurance subsidiary, Tune Insurance Malaysia Berhad (“TPM”) wherein the Company owns 83.26% of total shares has on 22 February 2017 received a notice from the Malaysia Competition Commission (“MyCC”) concerning a proposed preliminary decision (“Proposed Decision”) which found  that TPM and 21 other general insurance companies in Malaysia who are members of the General Insurance Association of Malaysia (“PIAM”) had purportedly infringed one of the prohibitions under the Competition Act 2010 (“CA”). The Proposed Decision by MyCC is pursuant to the investigation outcome in respect to the agreement entered into between PIAM and the Federation of Automobile Workshop Owners’ Association of Malaysia (“FAWOAM”) concerning the trade discount rates applicable to parts for certain types of vehicles and agreed labour rates for PIAM Approved Repairer’s Scheme workshops. PIAM engaged with FAWOAM to resolve the issues concerning parts trade discounts and the hourly labour rates and subsequently issued agreed rates via the PIAM members’ circular which were adopted by PIAM members including TPM. The Proposed Decision suggests a financial penalty of Ringgit Malaysia Three Million Six Hundred Eight Thousand Five Hundred Thirty only (RM3,608,530.00) on the part of TPM and a consolidated amount of RM213,454,814.00 on all the 22 members of PIAM. The Proposed Decision is not conclusive as PIAM members have been given an indulgence of time to file their respective written representations to defend their positions. The Company and TPM in consultation with their legal counsels will take all necessary and appropriate actions to defend that it has not infringed Section 4(2) of the CA and at all times maintain that TPM acted in accordance to the directives issued. This announcement is dated 28 February 2017.

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TUNE保障 净利料增5.2%

2017年3月21日

分析：兴业研究
目标价：1.66令吉

最新进展

公布2016财年末季业绩后，TUNE保障（TUNEPRO，5230，主板金融股）股价深跌7%，但之后略有回升，徘徊在1.30至1.34令吉水平。

我们与TUNE保障会面时，管理层进一步说明下个月会推出一系列旅游保险配套。

该公司已与亚洲航空（AIRASIA，5099，主板贸服股）达成协议，把旅游保险纳入Value Pack、Premium Flex ，以及Premium Flatbed 机票当中。

行家建议

我们相信TUNE保障目前的价格水平，比历史价格对账面价值（P/BV）折价38%，基本上已消化投资回酬（ROE）在未来走低的因素。

虽然没有官方数据显示多少名搭客购买旅游保险配套，但我们认为这些保险配套占亚洲航空及亚航X（AAX，5238，主板贸服股）所售机票不到10%。

虽然TUNE保障努力提高2016财年末季的投保率，达到10.8%感到正面，但暂时还是先观望，直到投保率维持增长趋头。

管理层预计净利双位数增长，但我们预测只有5.2%。

随着全球增长前景改善，加上投资者风险胃口好转，纳入最新的现金流折扣（DCF）估值，目标价从1.56令吉，提高至1.66令吉。



【e南洋】

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TUNE PROTECT GROUP BERHAD

EX-date	18 May 2017
Entitlement date	22 May 2017
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final Single Tier Dividend of 5.2 sen per ordinary share under the single-tier system which is tax exempt in the hands of the shareholders pursuant to paragraph 12B of Schedule 6 of the Income Tax Act, 1967 for the financial year ended 31 December 2016 payable in cash
Period of interest payment	to
Financial Year End	31 Dec 2016
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:0378490777Fax:0378418151
Payment date	15 Jun 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	22 May 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.052
Par Value	Malaysian Ringgit (MYR) 0.000

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Type	Announcement
Subject	OTHERS
Description	TUNE PROTECT GROUP BERHAD ("Tune Protect Group" or "the Company") - Proposed establishment of Retakaful window within wholly owned subsidiary, Tune Protect Re Ltd
The Board of Directors of Tune Protect Group is pleased to announce that its wholly owned subsidiary, Tune Protect Re Ltd (“TPR”) has obtained an approval from the Labuan Financial Services Authority (“LFSA”) on the proposed establishment of a retakaful window within TPR. This approval is pursuant to Section 77(2) of the Labuan Islamic Financial Services and Securities Act (“LIFSSA”) 2010. Bank Negara Malaysia (“BNM”) has written a letter to the Company acknowledging the establishment of the retakaful window. A seed capital amounting to RM1.0 million equivalent in a foreign currency will be set aside from internally generated funds, for the funding of the retakaful window. TPR will comply with the conditions outlined by LFSA and BNM which among others are the appointment of a Shariah Advisor, set up and operations, investment activities and reporting expectations for the retakaful window. The establishment of the retakaful window will not only provide the Company with an opportunity to accelerate its growth in the retail business space but also meeting the current demands from consumers. Essentially, the key strategies of this retakaful window are to:- penetrate ASEAN’s travel retakaful sector expand reach via partnerships with takaful underwriters worldwide offer direct and digital retail retakaful solutions The initial costs in establishing the retakaful window is not expected to have any material effect on the earnings, net assets, share capital and structure of TPR and the Company in the current financial year. This announcement is dated 4 May 2017.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	130,081	129,544	130,081	129,544
2	Profit/(loss) before tax	15,064	25,997	15,064	25,997
3	Profit/(loss) for the period	13,390	24,283	13,390	24,283
4	Profit/(loss) attributable to ordinary equity holders of the parent	11,939	22,628	11,939	22,628
5	Basic earnings/(loss) per share (Subunit)	1.59	3.01	1.59	3.01
6	Proposed/Declared dividend per share (Subunit)	5.20	0.00	5.20	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6800		0.6600

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Date of change	22 May 2017
Name	MR NG SOON LAI @ NG SIEK CHUAN
Age	62
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Chairman
New Position	Chairman
Directorate	Independent and Non Executive
Qualifications
Working experience and occupation	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest: 100,000 ordinary shares.