Trading Protection

TunePro Group is an underwriter, directly and via reinsurance, of general and life insurance products across the Asia-Pacific region. TunePro operates two core businesses, an online insurance business through which insurance products are sold to customers as part of their online booking process with our online partners, and other general insurance business, currently only in Malaysia. It is a related company of AirAsia Group. Would it fly like AirAsia & AirAsia X shares?

5230.MY.png

Assuming the recent low of RM1.28 is a failure test, there is a probability of TunePro’s share price going higher. Let’s assume some possible trade parameters:

  • Target Price: RM1.57
  • Entry Price: RM1.37
  • Stop Loss: RM1.28
  • 1R (risk): RM0.09
  • Expected return-to-risk ratio: 2.22x

Fundamentally, at price-to-book of slightly above 2 times, its current valuation appears to be not stretched, given its double-digit return on equity.

Comparison.png

In addition, it has a current average price target of RM1.77 per share and a buy recommendation:

TargetPrice.png

DISCLAIMER: THIS IS A PERSONAL BLOG AND SHALL NOT BE RELIED IN WHATSOEVER MANNER BY ANYONE. ALL ARTICLES CONTAINED IN THIS SITE ARE FOR INFORMATION AND ILLUSTRATIVE PURPOSES ONLY AND DOES NOT PURPORT TO SHOW ACTUAL RESULTS. IT IS NOT, AND SHOULD NOT BE REGARDED AS INVESTMENT ADVICE OR AS A RECOMMENDATION REGARDING ANY PARTICULAR SECURITY OR COURSE OF ACTION. SOURCES USED IN THIS SITE HAVE NOT BEEN INDEPENDENTLY VERIFIED FOR ACCURACY, COMPLETENESS AND TIMELINESS. YOU SHOULD SEEK INDEPENDENT AND PROFESSIONAL INVESTMENT ADVICE IN REGARD TO YOUR INVESTMENT DECISIONS. THE AUTHOR MAY HOLD POSITIONS IN THE SECURITIES MENTIONED IN THE ARTICLES.

Author: Ken Utau

Markets Observer + Food Lover

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