Tune Protect Group Berhad

Tune Protect Group Berhad (TIH MK, BUY, TP: MYR1.81)
Growth Still Insured
Earnings Review
GI continues to drive Tune’s earnings, with higher NEP growth and improved net claims. This offsets the slower outlook from its global travel segment, as its take-up rate continues to be affected by the change in the opt-in booking policy. We trim our FY16-18F earnings by c.1-3% to reflect some house-keeping adjustments. Maintain BUY, with a slightly lower GGM-derived TP of MYR1.81 (from MYR1.87, 12% upside).

Cold eyes

(Share) Stock pick

Dear trader,
Potential stock to buy today:
19/07/2016

1) ARANK (7214)
Price            : 0.90
Target price: 1.00
Cut loss       : 0.735
***shariah

2) TUNEPRO (5230)
Price            : 1.57
Target price: 1.80
Cut loss       : 1.40
***NON-shariah

3)MENANG (1694)
Price            : 1.00
Target price: 1.15
Cut loss       : 0.88
***shariah

4) OPENSYS (0040)
Price            : 0.330
Target price: 0.365
Cut loss       : 0.275
***shariah

5) PUNCAK (6807)
Price            : 1.10
Target price: 1.26
Cut loss       : 0.985
***shariah

Source : RHB RESEARCH INSTITUTE

Disclaimers: This trading ideas are issued and distributed in Malaysia by RHBIB only . The views and opinions in this ideas are our own as of the date here of and is subject to change.