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[公司专区] 5230 TUNEPRO TUNE保險

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发表于 2012-10-15 01:26 | 显示全部楼层 |阅读模式
本帖最后由 ckng2007 于 2016-3-6 01:37 编辑

Tune 保险首次公开发售2.1亿股
2012-10-14 09:25

(吉隆坡13日讯)亚航旗下保险臂膀———Tune保险,计划在大马交易所主要市场上市,首次公开发售(IPO)2亿1022万4929股。

Tune保险已呈交初步招股书予证券监督委员会,但未透露上市时间表和献售价。

路透社稍早前报道,东尼和亚航集团副总执行长拿督卡马鲁定共同持有的Tune集团,将在明年进行多达3项上市计划,包括Tune保险和亚航X。

新股1亿

根据初步招股书,Tune保险成立于2011年6月14日,旗下业务为寿险和普险业务以及网络保险业务。

公开发售的2亿1022万4929股中,1亿4337万4929股为新股,大股东献售则为6685万股。

公开发售的新股中,4134万6800股供大马公众、公司、机构以及合格董事、职员与公司相关伙伴认购。

其余的1亿202万8129新股和大股东献售,将献售给机构投资者,包括大马机构、获财政部批准的土著机构、外国机构和指定投资者。

招股书中也提及,新股每股面值10仙,Tune保险的缴足股本将会在上市后扩大至7亿5176万9股,相等于7517万6000.9令吉。

通过上市计划所筹集的资金将用作偿还银行贷款、营运资本、策略投资和支付上市费用。

2012年上半年,Tune保险营运营收为6769万3000令吉,净利则为1663万3000令吉。

http://www.nanyang.com.my/node/484322?tid=462

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 楼主| 发表于 2012-10-15 01:28 | 显示全部楼层

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 楼主| 发表于 2012-10-31 00:26 | 显示全部楼层
20倍本益比上市 Tune保险拟筹10-12亿
2012-10-30 10:39

(吉隆坡29日讯)消息指出,Tune保险将以20倍本益比上市马股,计划筹资10亿至12亿令吉。

《The Edge》财经日报引述不具名消息人士报导,Tune保险的首次公开献售(IPO)卖点将放在“旅游保险”上,而非普通保险业务。

“Tune保险市场稳固,即亚洲航空(AirAsia,5099,主板贸服股)的顾客群。”

“同时,Tune保险甚至计划摆脱汽车保险并收购更多区域保险公司,进一步加强旅游保险业务。”

Tune保险是亚航旗下保险臂膀,早前已呈交初步招股书予证券监督委员会,首次公开献售2亿1022万4929股。

公司计划圣诞节前上市马股,预计将为亚航带来1亿8000万令吉盈利(依市值计)。

估值1.6亿

此计算方式是根据亚航本月初落实回购选择权,以1600万令吉收购Tune保险的20%股权、加上后者上市后10亿令吉估值计算。

Tune保险有两项核心业务:销售旅行保险的网上保险营运,以及透过Tune大马保险(前称东方资本保险公司)营运的普险业务。

消息人士称,Tune保险10亿令吉估值中,90%来自赚幅达40至50%的再保险业务,而非一般认为的Tune大马保险。

据了解,Tune大马保险估值维持在1亿6000万令吉。

Tune保险曾在招股书指出,透过上市计划所筹集的资金将用作偿还银行贷款、营运资本、策略投资和支付上市费用。

http://www.nanyang.com.my/node/488050?tid=462

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发表于 2013-1-8 11:50 | 显示全部楼层
传Tune保险2月杪IPO
財经 2013年1月7日
     
(吉隆坡7日讯)消息人士称,Tune集团旗下的Tune保险控股预料在今年2月杪进行总值6500万美元(约1亿9500万令吉)的首次公开发售(IPO)活动。

Tune集团联合创办人丹斯里东尼费南德斯与拿督卡玛鲁丁將在2013年进行超过5亿美元(约15亿3660万令吉)的3项首次公开发售活动,Tune保险控股则是当中的第一炮。

《路透社》引述消息人士的话称,配合此次的首次公开发售,將在本月杪展开投资者推介。

早前,另一名消息人士透露,Tune保险控股上市后市值可达到2亿6000万美元。

东尼费南德斯去年9月表示,此次的首次公开发售集资所得,將作为Tune保险控股在东南亚区域的业务发展。

拉昔胡申投行將作为此次首次公开发售的首席顾问,而联昌国际、里昂证券(CLSA)、益资利金融集团及拉昔胡申投行则作为联合配售经办行。

http://www.orientaldaily.com.my/ ... -ipo&Itemid=198

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发表于 2013-1-8 17:01 | 显示全部楼层
筹1.9亿市值上看7.9亿 传Tune保险2月挂牌
财经新闻 财经  2013-01-08 12:02


卡玛鲁丁    东尼

(吉隆坡7日讯)消息透露,亚洲航空(AirAsia,5099,主板贸服股)创办人或在2月底为Tune保险有限公司推介总值6500万美元(约1亿9773万令吉)的首次公开募股(IPO)。

路透社引述两名消息人士的话说,这将是亚航创办人丹斯里东尼费南德斯和卡玛鲁丁今年第一项上市计划;两人计划今年内推出3项IPO以筹集5亿美元(约15.4亿令吉)。

一名消息人士表示,一项关于上述IPO的投资者巡回展将在本月底展开。

去年10月间,市场曾有消息传出东尼和卡玛鲁丁旗下Tune集团探讨让Tune保险在上市后、创造2亿6000万美元(约7亿9092万令吉)的市值。

东尼去年9月受访时表示,包含2亿1000万股的Tune集团上市计划将协助融资东南亚区域业务拓展计划。

亚航X上市日未定

据了解,兴业投资银行是Tune保险上市计划主要顾问,也将连同联昌国际(CIMB,1023,主板金融股)、里昂证券和益资利金融(ECM,2143,主板金融股)担任联合配售商。

市场去年传出东尼和卡玛鲁计划今年进行3项上市计划,除了Tune保险,也包括亚航X和印尼亚航(Indonesia Airasia)。

亚航X之后也在证监会网站正式发布初步上市招股书,计划献售7亿9012万3500股或33.3%股权,包括将6亿8567万9000股(占扩大后发行与缴足股本28.9%)售予机构投资者,其余1亿444万4500股则公开给散户认购(占扩大后发行与缴足股本的4.4%)。

不过,该公司还未拟定上市日期。

至于印尼亚航,根据早前的消息,公司同样预计今年首季内挂牌,估计筹集最高2亿美元(约6亿1600万令吉)。

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发表于 2013-1-10 15:35 | 显示全部楼层
傳Tune保險2月上市‧集資6500萬美元
大馬 2013-01-07 18:03

(吉隆坡7日訊)據《路透社》引述兩位知悉消息內情人士的消息透露,本區域最大廉價航空亞洲航空(AIRASIA,5099,主板貿服組)的兩位創辦人計劃讓Tune保險公司於2月底公開上市,預期集資6千500萬美元。

此上市計劃將是亞航創辦人丹斯里東尼費南達斯與卡瑪魯汀規劃在今年內3波上市集資行動的第一波。

不願具名的知情人士向路透社表示,預計在本月底就會展開對投資人的路演(road show)。

Tune保險高層尚未對此報導做出評論。

知情人士之一指出,東尼費南達斯與卡瑪魯汀期望Tune保險市值能達2億6千萬令吉。

興業投資銀行為Tune保險主市主理顧問。

東尼費南達斯曾於去年9月底指出,此宗IPO案將釋股2億1千萬股股票,募得資金將向保險不足的東南亞市場拓展業務。

Tune集團旗下2家子公司如亞航X、印尼亞航及Tune保險料今年陸續上市,市場消息指這3項上市案的籌資額料達15億令吉。

根據Tune保險的初步招股書,該公司計劃發售的2億1千零22萬股中,1億4千337萬4千929股新股將公開發售,余下6千685萬股則獻售予機構投資者,以及余下4千134萬6千800股則予零售投資者申購,包括我國公民、企業、合作社,及該公司合格董事及員工申購。(星洲日報/財經)

http://biz.sinchew.com.my/node/68986

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发表于 2013-1-23 22:57 | 显示全部楼层
Tune Ins adopts min 40% dividend policy after IPO
http://www.theedgemalaysia.com/b ... licy-after-ipo.html

23 January 2013

KUALA LUMPUR (Jan 23): Tune Ins Holdings Bhd (TIH), which is scheduled to be listed on Feb 22, will have a dividend policy no less than 40%, chief executive Peter Miller said today the launch of its prospectus.

“We have a dividend policy as you will see in the prospectus, at minimum 40%,” said Miller.

According to TIH’s prospectus, the company made a net profit of RM14.44 million on the back of RM50.13 million in revenue for the first nine months of 2012.

This is a decline from the RM25.72 million net profit and revenue of RM40.15 for the same period in 2011.

Currently, TIH is 80% held by Tune Money Sdn Bhd with the remaining 20% stake held by AIRASIA BHD []. Post-IPO their stakes will be diluted to 55.85% and 16.09% respectively.

The major shareholders of Tune Money include Tune Group Sdn Bhd with 42.64%, CIMB SI II Sdn Bhd with 25%, Datuk Seri Kalimullah Masheerul Hassan who is a director of Tune Money with 8.21% and Tune Money alternate director Lim Kian Onn with 8.21%

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发表于 2013-1-24 08:39 | 显示全部楼层
Tune Ins IPO on Feb 22
http://biz.thestar.com.my/news/s ... 28&sec=business

January 24, 2013

RM1.55 valuation seen as ‘rich’ but attractive

KUALA LUMPUR: True to the promise of the three listings for 2013 from Tan Sri Tony Fernandes' Tune Group, the prospectus of Tune Ins Holdings Bhd has been issued, and its listing date slated for Feb 22.

A total of 210 million shares are being issued at an indicative price of RM1.55 per share, with 41.3 million shares being made available to retail shareholders and a further 168.88 million for the institutional portion.

The institutional portion is being sold at a price range from RM1.20 to RM1.55 and post the book-building exercise, a final price will be set, which will then determine the final retail price of Tune Ins stock.

Of all the shares being issued, 143.37 million are new shares while a further 66.85 million are existing shares being issued by parent company Tune Money Sdn Bhd. This will dilute Tune Money's holding in Tune Ins from 80% to 55.85% post IPO. At the indicative price of RM1.55, Tune Money shareholders should pocket RM103.62mil. Using the RM1.55 price, the market capitalisation of Tune Ins would be about RM1.2bil.

Valuation-wise, the RM1.20 price is at 13 times financial year 2013 earnings, while at RM1.55 per share, the price earnings multiple is at 16 times 2013 earnings, bankers familiar with such listings told StarBiz.

The seemingly-rich valuation, though, isn't putting off investors considering its unique proposition in selling insurance products.

“There may be other insurance companies trading in the market right now but given that it (Tune Ins) is operating in a sector deemed profitable, such as the airline industry I believe there are opportunities that will be gained by Tune Ins,” Aberdeen Asset Management Sdn Bhd managing director Gerald Ambrose said.

“This is a stable industry as we have seen good passenger numbers on airlines such as AirAsia in the past few years,” he added.

Tune Ins is a regional insurance product manager for its online partners AirAsia, Tune Hotels and AirAsia Expedia, with its products sold to the customers as part of their online booking process. It also has a general insurance business available only in Malaysia currently.

Another key attraction of Tune Ins is its dividend policy of paying out at least 40% of its consolidated profit. An analyst said that based on its estimated financial year 2013 net profit of RM66mil, the 40% payout ratio works out to a dividend yield of between 2% and 2.5%.

At the prospectus launch, CEO Peter Miller noted that Tune Ins' online business is the focus, making up the bulk of its bottomline at 75%. Its prospectus noted its online business contributed RM26mil of profit before tax in the nine-month period in financial year 2012.

“Our profitability is based on our online business so we want these parameters to grow, even though the top-line performer is our general business,” he said.

A banker advising on the listing said Tune Ins business model allowed it to grow alongside sister company AirAsia.

“AirAsia is a growing airline and Tune Ins' business model will allow it to ride on the growth of AirAsia without the risk of fuel price volatility,” he said.

Tune Ins could latch onto AirAsia's wide customer reach, he added.

“Tune Ins is tied to AirAsia so it doesn't have to worry about its partnership,” he said, adding that the insurance unit will benefit from the synergy within the Tune group of companies.

He added that its online business is cost-efficient, thus has an attractive margin.

One of the joint bookrunners revealed that the institutional investors are mostly domestic at the moment as Tune Ins had met 70 fund managers while foreign demand was just coming in.

Tune Ins aims to raise a gross proceeds of RM222.2mil from the IPO, of which RM50mil was set aside for its expansion into Indonesia and Thailand over the next 24 months.

About RM133mil or 59.86% will go into repayment of borrowings used for the acquisition of Tune Insurance, formerly as Oriental Capital Assurance Bhd, while RM27.2mil is allocated for working capital.

When asked if Tune Ins intends to take over any local companies, Miller said Malaysian acquisitions were not in the plans.

The remaining RM12mil has been planned to fund the IPO.

After the IPO, major shareholders Fernandes and his business partner Datuk Kamarudin Meranun will have an indirect interest in Tune Ins of 72.04%. (This is via Tune Money and AirAsia, which will have 55.85% and 16.19% stakes in Tune Ins respectively post-IPO.)

Fernandes and Kamarudin co-founded Tune Air Sdn Bhd which owns AirAsia Bhd.

Other substantial shareholders of Tune Money are Datuk Seri Kalimullah Masheerul Hassan and Lim Kian Onn, the ECM Libra Financial Group Bhd chairman and ECM Libra Group co-founder, who each own 8.21% in Tune Money.

The Tune Group has also said it would list AirAsia X and Indonesia AirAsia this year.

Yesterday, Tune Ins began its international leg of investor meetings across Singapore, Hong Kong and London as it has completed domestic institutional meetings.

Retail offering closes on Feb 4 while balloting will come two days after. The share allotment will be on Feb 20.

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发表于 2013-1-24 08:41 | 显示全部楼层
Tune Ins lure for investors is its exclusive parnership with AirAsia
http://biz.thestar.com.my/news/s ... 66&sec=business

January 24, 2013

It adds depth to insurance firm

PETALING JAYA: Tune Ins Holdings Bhd's lure for investors, according to analysts, is its exclusive partnership with AirAsia Bhd.

Aberdeen Asset Management Sdn Bhd managing director Gerald Ambrose (pic) believes this partnership adds depth to Tune Ins' fund-raising activity, not discounting the fact that many initial public offerings in Malaysia have been “rushed” of late. Tune Ins, incidentally, is slated for a listing on Feb 22.

“I consider this a growth stock, given its attractiveness as a proxy to the airline industry, courtesy of its exclusive partnership with AirAsia. This is a pull factor for Tune Ins,” he told StarBiz.

The insurance arm of Tune Group will leverage on its exclusive partnership with AirAsia, riding on the latter's existing marketing, sales and distribution infrastructure and its expansion plans.

Hence, it is in a unique position to profit from the growing appetite for travel around the region, the insurance outfit said.

The company, incorporated in June 2011 under the name of Tune Ins Holding Sdn Bhd, was converted into a public limited company on Aug 17 last year. It is an insurance product manager for its online partners such as AirAsia, Tune Hotels and AirAsia Expedia, mainly designing and managing insurance products that are sold to customers of its online partners.

Tune Ins currently operates two core businesses: an online insurance business and a general insurance business in Malaysia.

Its general insurance in Malaysia is operated through its 83.26%-subsidiary Tune Insurance Malaysia Bhd and offers insurance for vehicles, property, foreign workers, individual and employee benefits and marine-related products, among others.

Customers are able to buy Tune Ins' online products while they are processing their online bookings with the company's online partners. According to its prospectus, the company is in talks with other third-party airlines and partners to provide similar services.

Its key product brands include the AirAsia travel protection plan, lifestyle protection insurance, guest personal accident insurance and travel insurance.

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发表于 2013-1-24 16:29 | 显示全部楼层
擴展東南亞‧Tune保險上市主板
大馬 2013-01-24 11:31

(吉隆坡23日訊)Tune保險首次公開發售2億1千萬新股,上市籌措資金償還債務及拓展東南亞業務版圖。

該公司首席執行員彼得米勒在招股書後表示,上市所籌措資金大部份用於償還收購OCA公司的貸款,確保公司零負債,另一部份則作為策略收購印尼和泰國公司資金。

每股1.55令吉
售2.1億新股


根據招股書,59.86%籌獲資金將用於償還貸款、22.5%作策略投資、12.24%為營運資金及5.4%為上市開銷。

該公司建議至少40%派息政策,以1令吉55仙每股零售價計,上市後市值將達12億令吉。

至於為何趕在大選前匆忙上市,他如此回應:“大選不是主要考量因素,而是時機已成熟,越快上市就可迅速展開拓展計劃。"

對於1令吉55仙零售價較高的問題,他認為此定價具吸引力,因公司基本面已反映其價值,至於價格是否合理,該由投資銀行評估。

“我們享有亞航、Tune酒店獨家夥伴優勢,非凡的業務成長紀錄,未來將創造更多商機,推動線上業務成長。"

目前,Tune Money及亞洲航空(AIRASIA,5099,主板貿服組)持有該公司80%及20%股權,上市後將各稀釋至55.85%及16.09%。

此上市計劃是亞航創辦人丹斯里東尼費南達斯與卡瑪魯汀規劃今年內3波上市集資行動的第一波,促使Tune成為8年來首家宣佈上市馬股的保險公司。

招股摘要:
IPO:2億1千零22萬4千900股新股
公開發售:1億4千374萬900股
獻售:6千685萬股
機構投資者:1億零202萬8千100股
零售投資者:4千134萬6千800股
每股面值:10仙
每股零售價:1令吉55仙
上市日期:2012年2月22日(星洲日報/財經)

http://biz.sinchew.com.my/node/69534?tid=6

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发表于 2013-1-24 18:37 | 显示全部楼层
零售每股RM1.55 Tune保险冀筹2.22亿
财经新闻 财经  2013-01-24 12:31

查伦(左起) 、甘志强、拉兹曼哈菲兹、卡马鲁丁和彼得米勒在推介招股书后相互道贺。
(吉隆坡23日讯)预计2月22日在大马交易所主板上市的Tune保险控股公司(TuneIns),透过首次公开募股(IPO)计划每股零售发售价为1.55令吉,预计能为公司筹集2亿2220万令吉。

Tune保险将公开发售1亿4337万4900新股,另外股东将献售6685万股。

散户部分为4134万6800股,发售价定在1.55令吉;机构投资者部分为1亿202万8100股,认购价将通过竞标定价(Book Building)。

Tune保险相信是今年第二宗新上市计划,以零售发售价计算,Tune保险上市后的市值预计达11亿6522万令吉。

根据招股书,筹集的资金将偿还银行贷款(59.86%)、营运资本(12.24%)、策略性投资(22.5%)以及支付上市开销。

亚航持股减至16%

询及零售发售价会否过高,Tune保险总执行长彼得米勒在招股书推介礼后未正面回答,仅表示Tune保险的基本面稳健,策略伙伴表现不错,他将交由投资银行决定Tune保险的合理价。

Tune保险上市后,Tune Money私人有限公司持股权将从80%减至约50%,而亚洲航空(AirAsia,5099,主板贸服股)则从20%减至16%。

另外,彼得米勒表示,公司有意在印尼和泰国物色收购对象,大马则没有收购计划。

他说,Tune保险策略伙伴亚航集团在印尼和泰国都有业务,而且印尼和泰国也与大马毗邻,因此Tune保险将专注在这两个市场。

逾半资金还贷

针对上市筹集资金超过一半供偿还银行贷款,彼得米勒说,贷款主要源于公司早前收购东方资本保险公司(Oriental Capital Assurance)。

Tune集团去年以1亿5691万令吉向Maika控股有限公司收购东方资本保险79.84%股权,后者已易名为Tune大马保险。

彼得米勒说:“偿还银行贷款后,我们就无债一身轻,对公司会比较好。”

询及是否赶在全国大选前上市,他表示不会把大选因素考虑在内,只希望尽快上市、更早拓展业务。

出席招股书推介礼的包括Tune保险主席拉兹曼哈菲兹、亚航创办人兼Tune集团董事拿督卡马鲁丁、联昌国际投资银行拿督查伦及兴业资本(RHBCap,1066,主板金融股)董事经理甘志强。

普险贡献营收75%

Tune保险核心业务为普通保险和网络保险。

其中网络保险涵盖亚太14个市场,并有3个合作伙伴,即亚航、Tune Hotel及亚航Expedia。

2012年首9个月,亚航客户网络保险投保率为23至31%。而Tune保险2012财年共提供600万份旅游保险保单。

彼得米勒表示,约75%营业额源自普险,25%来自网络保险业务。但若以净利贡献为基准,75%的净利源自网络保险,寿险部分则不显著。

他说,主要是网络保险赚幅较高。

2011财年间,网络保险赚幅为61.2%。公司将更专注网络保险。

普险部分,Tune保险有1000名保险代理,14家分行,市占率为2至3%。

净利40%派息

彼得米勒说公司派息政策为至少净利的40%。

根据招股书,Tune保险2010财年净利为2640万2000令吉,营业额为4352万3000令吉。

另外,2011财年净利达3417万5000令吉,营业额5587万令吉。

2012财年首9个月则净赚2786万7000令吉,营业额达1亿3615万5000令吉。

Tune保险首次公开募股

●供申请股量:2亿1022万4900股
●零售发售价:每股1.55令吉
●筹资:约2亿2220万令吉
●认购日期:23/1/2013
●认购截止日期:6/2/2013
●抽签日期:6/2/2013
●定价如期:6/2/2013
●配股日期:20/2/2013
●预计挂牌日期:22/2/2013



http://www.nanyang.com/node/506812?tid=462

x 0 我要送花

x 13
发表于 2013-1-24 18:39 | 显示全部楼层
20倍PE,好像估值过高...

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x 0
发表于 2013-1-24 19:22 | 显示全部楼层
真有点过高了,而且他营业模式紧紧关联AA,可说是双面刃

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x 10
发表于 2013-1-24 23:44 | 显示全部楼层
听说待有亚洲航空股者也会分到Tune保险股是真的吗?

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x 10
发表于 2013-1-24 23:45 | 显示全部楼层
我是说免费。

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x 143
发表于 2013-1-26 17:49 | 显示全部楼层
pe 20这么高?

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x 56
发表于 2013-1-26 18:15 | 显示全部楼层
Tune Ins: First insurance listing in eight years

2013/01/26

KUALA LUMPUR: Tune Ins Holdings Bhd, an insurance company controlled by Tan Sri Tony Fernandes, plans to raise as much as RM222.22 million from a share sale exercise on the Main Market of Bursa Malaysia.

The AirAsia supremo plans to list the insurance company, the country's first insurance initial public offer (IPO) in eight years, by as early as next month, a filing to the stock exchange revealed.

Tune Ins is a unit of Tune Money, which in turn is part of the Tune Group, Fernandes' flagship holdings.

The other shareholders in Tune Ins are Datuk Seri Kalimullah Masheerul Hassan and Lim Kian Onn, ECM Libra Financial Group Bhd chairman and ECM Libra Group co-founder, who each owns 8.21 per cent in Tune Money.

Fernandes and his business partner Datuk Kamarudin Meranun will control 72.04 per cent of Tune Ins after the IPO.

The company is offering 210.2 million shares at RM1.55 each of which 143.37 million are new shares while 66.86 million are existing shares.

From the 143.37 million retail offering, 102.02 million shares have been allocated for institutional investors while the balance of 41.35 million shares are for the public.

Meanwhile, the institutional portion will be sold at a price range of between RM1.20 and RM1.55.

In a filing to Bursa Malaysia, Tune Ins said that of the total gross proceeds, RM133 million will be used to pay bank loans, RM27.2 million for working capital, RM50 million for strategic investment and RM12 million for the payment of listing expenses.

The company is expected to be listed February 22.

Tune Ins said that it is currently in preliminary discussions to acquire local insurance providers in Indonesia and Thailand through which it will be able to market its products directly in these countries.

The company also said that it is depending on low-cost carrier AirAsia for the substantial portion of its business.

"All of our operating revenue for FY2009 and FY2010 and substantially all of our operating revenue for FY2011 are attributable to the Travel Protection Plan which is offered to AirAsia customers.

"The Travel Protection Plan contributed 66.9 per cent, 62.5 per cent, 49.9 per cent and 81.1 per cent of our pro forma profit before taxation for FY2009, FY2010, FY2011 and 9M2012 respectively," it said.

Tune Ins added that it expects the plan to continue to account for a significant percentage of its profit before taxation in the future.

Read more: Tune Ins: First insurance listing in eight years http://www.btimes.com.my/Current ... icle/#ixzz2J4j88QVU

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x 52
发表于 2013-1-28 23:28 | 显示全部楼层
简单计算。

9M2012 net profit = RM 27.7 million,
annualized profit FY2012 (estimate) = RM 36 ~ 40 million,
number of shares (after ipo) = 751.7 million,
estimate earning per share =  4.8 ~ 5.3 sen

虽然,我非常看好 Tune Ins 的高成长潜能。。。
但这 RM1.55 的价格,PE = 30。。。

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x 3
发表于 2013-2-1 14:56 | 显示全部楼层
40%盈利派息

 其中,公眾购股部分达4134万6800股,机构投资部分则有1亿202万8100股以及献售的6685万现有股。

 根据招股书,首发股筹得的2亿2220万令吉资金將有59.86%用作支付银行贷款、12.24%用作营运资本、22.5%则用作策略性投资,其余为上市开销。

 该公司总执行长彼得米乐今日在推介礼上指出,该公司將继续收购海外小公司,確保获利態势;此外,该公司另有40%派息政策。

 今日列席者包括联昌投资银行总执行长拿督查隆、兴业银行集团董事经理甘志强、Tune保险控股主席拉兹曼哈菲和亚航集团副总执行长拿督卡马鲁汀。

 “招股书上有写明派息政策,將不低于40%。”

 Tune保险控股2012財年首9个月营业额报1亿3616万令吉,净利录得2787万,比较去同期营业额为4015万令吉,净利为2572万令吉。

 根据首发股1.55令吉价格,该公司上市后市值將有12亿令吉。

派息政策如果没有遵守的话会怎么样啊?

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x 0
发表于 2013-2-3 11:23 | 显示全部楼层
本帖最后由 ccwinvest 于 2013-2-3 11:47 编辑
回复  ccwinvest
是吗?虽然LPI的价钱最近滑落了,可是LPI好像靠近20了!Allianz不要忘了它的Preference  ...
lmenwe 发表于 2013-2-3 04:07


失礼了: (资料来自Bloomberg)31/1/2013

6009 P&O              PE 8.3554
8621 LPI                PE 17.68
1058 MANULFE       PE 12.02
6459 MNRB            PE 5.74
6139 TAKAFUL        PE 9.39
1163 ALLIANZ        PE 5.76

PE 20 怎样看都有点高了。想问你为什么看好他呢?是因为他的业务发展潜能?

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