May 2013
| Date: | 27th May 2013 |
| Media Title: | The Edge |
| Headline: | CIMB research maintains outperform on Tune Insurance, ups target price to RM2.54 |
| Kuala Lumpur: CIMB research has maintained outperform on Tune Insurance Holdings Bhd at RM2.04 with a higher target price of RM2.54(from RM2.50) and said that during a conference call on Monday 23rdMay,.... | |
| Date: | 20th May 2013 |
| Media Title: | The Sun |
| Headline: | Tune Ins sees quick ROI from BMI buy |
| Kuala Lumpur: Tune Ins Holdings Bhd, which is pursuing a 70% stake in Indonesian insurer PT Batavia Mitratama Insurance (BMI), expects to see a quick return on investment (ROI) if the deal proceeds as planned, its top executive said. | |
| Date: | 16th May 2013 |
| Media Title: | The Borneo Post |
| Headline: | Tune Ins Grows on bright Regional Prospects,Rising Investor Optimism |
| Tune Ins Holdings Bhd's (tune Ins) share price has seen a rapid boost of late as the insurance group continues to attract market enthusiasm which is said to build an increased appetite for growth stocks after Malaysia's May 5 general elections. | |
| Date: | 14th May 2013 |
| Media Title: | CIMB |
| Headline: | High-Flying insurance stock |
| The continuous climb in Tune's share price reflects investor's optimism on its prospects, in our view. It also suggests the market's increased appetite for growth after Malaysia's 5 May general elections. | |
| Date: | 9th May 2013 |
| Media Title: | The Borneo Post |
| Headline: | Strong earnings growth ahead for Tune Ins says analyst |
| KUCHING: Tune Ins Holding Bhd (Tune Ins), engaged in the provision of various general and life insurance products in Asia Pacific region , has potentially staring earnings growth ahead and keen investor uptake,.... | |
| Date: | 8th May 2013 |
| Media Title: | Investor.com |
| Headline: | Tune Ins-Re-Rating To Premiums Growth |
| We still see strong earnings growth for Tune Ins Holdings (TIH), whose shares have rallied sharply in the past 5 market days. The group's re-rating catalysts in its overseas acquisitions have begun to materlialized but we believe the upside.... | |
| Date: | 3rd May 2013 |
| Media Title: | The Star Online |
| Headline: | Tune Ins outlook positive,CIMB Research maintains ' outperform rating |
| PETALING JAYA: CIMB Research has raised the target price for Tune Ins Holdings BHD, saying its proposed acquisition of a 70% stake in Indonesia's PT Batavia Mitratama Insurance (BMI) is expected to be earnings accretive. | |
| Date: | 2nd May 2013 |
| Media Title: | KLSE News |
| Headline: | Tune Insurance looking to expand |
| Tune Ins Holdings (TIH) had on 30 Apr 13 entered into an Investment Agreement and Conditional Sale and Purchase Agreement to obtain 16,499 shares on 70% of the share capital of PT Batavia Mitratama Insurance (BMI)... | |
| Date: | 2nd May 2013 |
| Media Title: | The Actuaries |
| Headline: | Tune Ins' purchase of BMI to complete within 3 to 6 months |
| Tune Ins' recent proposal to purchase 70% stake in PT Batavia Mitratama Insurance (BMI) will enchance its regional presence. The purchase is expected to be completed within 3 to 6 months with a price tage of RM26.12mil. | |
April 2013
| Date: | 1st April 2013 |
| Media Title: | The Edge |
| Headline: | Flying With A Well-Tuned Insurer |
| We view Tune Ins Holdings as one of the best insurance stocks in Malaysia due to its (1) regional exposure, (2) bright earnings prospects, (3) tie-up with the fast-expanding AirAsia, and (4) low claims ratio for the travel insurance | |
March 2013
Coming SoonFebruary 2013
| Date: | 28th February 2013 |
| Media Title: | The Star |
| Headline: | Tune Ins Lower After Stabilisation Measures Ended |
| Tune Ins Holdings Bhd fell four sen yesterday to RM1.30, five sen below its listing price of RM1.35, after the firm's underwriter ended its stabilisation measures for shares. Tune Ins was traded at between Rm1.29 and RM1.35, with 1.97 million shares changing hands. | |
| Date: | 25th February 2013 |
| Media Title: | Bernama |
| Headline: | Investment Was Effected By General Election |
| The overall lacklustre of the stock market performance last week. Tune Ins was one of the IPOs that managed a small premium over its debut price. Affin Investment Bank is saying that investors are remaining sidelined and awaiting news from US Federal Reserve on plans for another round of quantitative easing and updates from China on their government having plans to cool down the housing market.. | |
| Date: | 25th February 2013 |
| Media Title: | Sin Chew Daily |
| Headline: | Malaysia Stock Is Fighting |
| The overall lacklustre of stock market performance last week with one of the reason was on rumour about the possible dissolution of the Malaysia Parliament last Friday. Tune Ins was one of the IPOs that managed a small premium over its debut price. | |
| Date: | 25th February 2013 |
| Media Title: | Kwong Wah Yit Poh |
| Headline: | Malaysia Stock May Become Lower |
| The stock market performance predicted to be lacksture next week as saying that investors are remaining sidelined and awaiting news from US Federal Reserve on plans for another round of quantitative easing and updates from China on their governemnt having plans to cool down the housing market. Tune Ins was one of the IPOs that managed a small premium over its debut price. | |
| Date: | 25th February 2013 |
| Media Title: | Sinar Harian |
| Headline: | Harga Saham Dijangka Bergerak Rendah |
| Bursa Malaysia expected to remain low as saying that investors are remaining sidelined and awaiting news from US Federal Reserve on plans for another round of quantitative easing. | |
| Date: | 25th February 2013 |
| Media Title: | Berita Harian |
| Headline: | Bursa Dijangka Bergerak Rendah |
| Bursa Malaysia expected to remain low as saying that investors are remaining sidelined and awaiting news from US Federal Reserve on plans for another round of quantitative easing and updates from China on their govt having plans to cool down the housing market. | |
| Date: | 25th February 2013 |
| Media Title: | Berita Harian |
| Headline: | Momentum Belian Lemah Beri Kesan |
| Weak Buying Momentum has affect the overall lacklustre stock market performance last week. However, Tune Ins was mentioned in their articles as one of the IPOs that managed a small premium over its debut price. | |
| Date: | 25th February 2013 |
| Media Title: | The Star |
| Headline: | RHBIB Continues Stabilisation Action |
| RHB Investment Bank Bhd (RHBIB) has continued its price stabilising action by purchasing 2 million shares in Tune Insurance Holdings Bhd for RM1.35 each yesterday. This is the third consecutive day RHBIB has continued with its stabilising action in Tune Insurance. RHBIB, as the stabilising manager, said in a stock exchange announcement that this is in accordance with Section 9(2) of the Capital Markets and Servicers (Price Stabilisation Mechanism) Regulations 2008.. | |
| Date: | 25th February 2013 |
| Media Title: | The Sun |
| Headline: | Tune Ins Holdings Bhd |
| Tune Ins Holdings Bhd chairman and Board hitting the gong. | |
| Date: | 25th February 2013 |
| Media Title: | The Edge |
| Headline: | Tune Ins Debuts On Bursa Malaysia |
| Tune Ins Holdings Bhd debuted on the main market last Wednesday at RM1.38 per share, a three sen or 2.22% premium over its IPO price of RM1.35, before closing at RM136 with1012 million shares traded. | |
| Date: | 22nd February 2013 |
| Media Title: | The Star |
| Headline: | RHB IB Buy Shares In Tune Ins |
| RHB Investment Bank Bhd. which is the stabilising manager for Tune Ins Holdings Bhd. having acquired 2.94 million shares in TIHB. | |
| Date: | 21st February 2013 |
| Media Title: | The Malaysia Reserve |
| Headline: | Tune Ins Closes At RM1.36, Backed By Stabilising Action |
| Stabilizing manager, RHB Investment Bank Berhad, which was reported as buying a total of 24.33 million shares at RM1.33 to RM1.35 | |
| Date: | 21st February 2013 |
| Media Title: | Sin Chew Daily |
| Headline: | Tune Insurance Listed |
| Tune Ins planning on the usage of the proceeds from the IPO, its growth plans, plans for acquisitions in the region with indonesia first and the Thailand and the RM50 million allocation for strategic investments. | |
| Date: | 21st February 2013 |
| Media Title: | Oriental Daily |
| Headline: | Tune Insurance Was Increasing Share Price In First Day Listing |
| Tune Insurance was increasing share price in first day lisiting with the usage of the proceeds from the IPO are distributed to its growth plans, plans for acquisitions in the region with indonesia first and the Thailand and the RM50 million allocation for strategic investments. | |
| Date: | 21st February 2013 |
| Media Title: | Oriental Daily |
| Headline: | Tune Insurance Was Increasing Share Price In First Day Listing |
| Tune Insurance was increasing share price in first day lisiting with the usage of the proceeds from the IPO are distributed to its growth plans, plans for acquisitions in the region with indonesia first and the Thailand and the RM50 million allocation for strategic investments | |
| Date: | 21st February 2013 |
| Media Title: | Nanyang Siang Pau |
| Headline: | Tune Insurance Might Increase Dividend Rate |
| Tune Insurance was increasing share price in first day lisiting and there is a possibility of increasing Higher Dividend Rate. | |
| Date: | 21st February 2013 |
| Media Title: | Kwong Wah Yit Poh |
| Headline: | Tune Insurance Going Flat |
| Tune Insurance, the first insurance company in 8 years to be listed in Malaysia was increasing share price in first day listing. | |
| Date: | 21st February 2013 |
| Media Title: | China Press |
| Headline: | Tune Insurance Expects Indonesia, Thai Acquisitions In 24 Months |
| Tune Insurance is planning to complete the acquisition of Indonesia and Thai by 24 months after its listing on the main board of Bursa Malaysia. | |
| Date: | 21st February 2013 |
| Media Title: | Harian Metro |
| Headline: | Tune Ins Rancang Masuk Indonesia, Thailand |
| Tune Insurance is planning to complete the acquisition of Indonesia and Thai by 24 months after its listing on the main board of Bursa Malaysia. | |
| Date: | 21st February 2013 |
| Media Title: | Berita Harian |
| Headline: | Tune Ins Beli 2 Firma Insurans |
| Tune Insurance is planning to complete the acquisition of Indonesia and Thai by 24 months after its listing on the main board of Bursa Malaysia. plans for acquisitions in the region with indonesia first and the Thailand and the RM50 million allocation for strategic investments. | |
| Date: | 21st February 2013 |
| Media Title: | The Malay Mail |
| Headline: | Tune Ins Debut With 3 Sen Premium |
| Shares of the country's first insurance company listing in eight years, Tune Insurance Holdings Bhd, opened at RM 1.38 per share in their market debut yesterday, 2.2% above the initial public offering price of RM 1.35. | |
| Date: | 21st February 2013 |
| Media Title: | The Sun |
| Headline: | Tune Ins Expects Indon Thai Acquisitions In 24 Months |
| Tune Ins Holdings Bhd, which made its debut on the Main Market of Bursa Malaysia yesterday, opening 3sen higher than its RM1.35 offer price, expects to secure some insurance companies in Indonesia and Thailand within 24 months. | |
| Date: | 21st February 2013 |
| Media Title: | The Star |
| Headline: | Tune Ins Up 3 Sen On Debut |
| Tune Ins Holdings Bhd debuted on the Main Market of Bursa Malaysia yesterday with a premium of three sen over its final retail and institutional price of RM1.35 | |
| Date: | 21st February 2013 |
| Media Title: | New Straits Times |
| Headline: | Tune Ins Eyes More Acquisitions |
| Tune Ins Holdings Bhd plans to spend RM50 million out of the more than RM200 million proceeds from its listing exercise on certain acquisitions. | |
| Date: | 21st February 2013 |
| Media Title: | The Edge |
| Headline: | Tune Ins Makes Modest Debut On Main Market |
| Tune Ins Holdings Bhd posted mild gains on its debut on Bursa Malaysia's Main Market yesterday. The counter opened at RM1.38 in early trade, a three sen or 2.22% premium over its IPO price of RM 1.35 and closed at RM 1.36 with 101.2 million shares traded amid a weak broad market. | |
| Date: | 20th February 2013 |
| Media Title: | Reuters |
| Headline: | Malaysia's Tune Insurance Up 2.2 pct In Debut After $100 Mln IPO |
| Shares of Malaysia's Tune Insurance Holdings Bhd opened at 1.38 ringgit per share in their market debut on Wednesday, 2.2 percent above the initial public offering price of 1.35 ringgit. The $ 100 million flotation marks the first of the three listings expected to raise a combined $500 million that Tony Fernandes and Kamarudin Meranun, founders of Asia's largest budget carrier AirAsia Bhd, have planned this year. | |
| Date: | 20th February 2013 |
| Media Title: | The Star Online |
| Headline: | Cautious Market Limits Rise of Tune Ins On Maiden Trading Day |
| Rise in early trades capped by a cautious market ahead of the upcoming general election with most currently traded entity across the bursa at current price of RM 1.36 (as at 10.25 a.m.), Tune Ins commands a market capitalisation of RM 1.02 billion | |
| Date: | 20th February 2013 |
| Media Title: | The Star Online |
| Headline: | Tune Ins Opens With Mild Premium at RM1.38 (Update) |
| Tune Ins Holdings Bhd opened at RM 1.38, which was three sen above its institutional and final retail price of RM1.35 when it made its debut on the Main Market of Bursa Malaysia on Wednesday. There were 6.30 million shares done at the start of the trade. Read More | |
| Date: | 20th February 2013 |
| Media Title: | The Edge |
| Headline: | Tune Ins Puts Greenshoe Option In Place |
| Insurance products manager Tune Ins Holdings Bhd (TIH) and its joint global coordinators (JGCs), CIMB Investment Bank Bhd and CLSA Asia Pacific Markets, have decided to carry out the greenshoe option of 31.533 million shares as there was excess demand at the IPO offer price of RMI.35. | |
| Date: | 20th February 2013 |
| Media Title: | The New Straits Times |
| Headline: | Tune Ins To Invest RM10m In IT System For TIMB |
| TUNE Insurance Holdings Bhd (Tune Ins) will invest RMIO million in a new information technology (IT) system for its general insurance arm, Tune Insurance Malaysia Bhd (TIMB). "We plan to replace TIMB's existing core policy administration system and expect to implement a new IT system this year," its chief executive officer Peter Miller told Business Times | |
| Date: | 19th February 2013 |
| Media Title: | The Star |
| Headline: | Tune Ins Set To Attract Investors For Its IPO |
| Tune Ins Holdings Bhd, which is set to be listed on the Main Market of Bursa Malaysia tomorrow, is expected to attract a fair share of potential investors looking to tap the company's business potential and association with low-cost carrier, AirAsia. Tune Ins fixed its final institutional and retail price of RM1.35 per share following the completion of its book building exercise. | |
| Date: | 19th February 2013 |
| Media Title: | The Edge |
| Headline: | Tune Ins IPO Secures Strong Foreign Institutional Investors |
| Tune Ins Holdings Bhd's IPO has received strong response from foreign institutions, with some 70% of the institutional offering mopped up by large foreign institutional investors. "We've got some real marquee, long-only fund names as investors. In Malaysia, people have this overhanging concern on whether the general election will cause any short-term fluctuation in the market, unlike foreign funds which are looking at the fundamentals," Tune Ins CEO Peter Miller told The Edge Financial Daily in a recent interview. | |
| Date: | 18th February 2013 |
| Media Title: | The Edge |
| Headline: | Tune Ins Holdings A Good Proxy For AirAsia |
| Tune Ins Holdings Bhd, which is en route to a listing on Bursa Malaysia this Friday, is considered a good proxy for AirAsia Bhd. According to analysts, an exclusive partnership with the low-cost carrier bodes well for the insurance company "Given that Tune Ins' income, which is derived from the travel insurance segment, correlates with the passenger growth of its sister companies in the AirAsia group, we believe it could serve as an alternative investment vehicle for investors who wish to participate in AirAsia's growth story without exposure to oil price risk," says Alliance Research in a recent report. An analyst with JF Apex Securities opines that Tune ins will benefit directly from AirA-sia's better performance in FY2013. | |
| Date: | 18th February 2013 |
| Media Title: | The Malaysian Reserve |
| Headline: | Subdued Investor Interest On Lack Of GE13 News |
| Investor interest is likely to remain subdued on Bursa Malaysia in anticipation of more concrete news on the date for the 13th General Election (GE13) later in the week despite the upcoming listing of Tune Ins Holdings Bhd on Wednesday. Inter- Pacific Securities Sdn Bhd head of research Pong Teng Siew said there are not many catalysts to boost the market index, the FBM KLCI, as investors tend to pull back from the market on the back of uncertainty. "As we can see for the past few days, the market has been experiencing a flat movement. But we expect it to bounce back after the election/' he told The Malaysian Reserve last Friday. | |
| Date: | 18th February 2013 |
| Media Title: | Oriental Daily |
| Headline: | Upside Of Tune Insurance Limited |
| Analysts view - There is limited upside potential for Tune Ins and JF Apex notes that currently, 70% of the business comes from online. Overall, there is heavy leverage on AirAsia. JF Apex highlighted that Malindo Airways will begin operation in May 2013, and plans are to have up to 100 flights over the next 10 year period. JF Apex said that yet with AirAsia's planned expansion will certainly augur well for its business strategy going forward. TIHB's plan to undertake acquisitions in Indonesia and Philippines is noted and if successful, it will increase the bottomline of TIHB, on back of strong GDP figures of these two countries. | |
| Date: | 18th February 2013 |
| Media Title: | Sin Chew Daily |
| Headline: | Malaysia Stock Status During Snake Year |
| The IPO for Tune Ins is one stock to look out for this year. There is potential for this stock. | |
| Date: | 18th February 2013 |
| Media Title: | Nanyang Siang Pau |
| Headline: | IPO Break The Record |
| This year will be a record breaking year for IPOs, as we could look at potentially 28 IPOs, as compared to a total of 17 for last year. Tune Ins is one of the upcoming IPOs for 2013. | |
| Date: | 14th February 2013 |
| Media Title: | The Star |
| Headline: | Online Insurance Attractive |
| KUALA LUMPUR: In a bid to boost bottom-lines, more insurers are competing for a larger slice of the online insurance business in view of its strong profit margins. One insurer intending to lead the pack is Tune Ins Holdings Bhd. Although there are some hurdles in this new channel of distribution, the company, like other insurers, is bullish on the scope of this channel going forward. | |
| Date: | 13th February 2013 |
| Media Title: | The Star |
| Headline: | Bumper Year For IPOs |
| PETALING JAYA: Another exciting year is in store in 2013 for initial public offerings (IPOs), if a recent report by HwangDBS Vickers Research is anything to go by. The research report identified close to 30 companies that may be floated on the local bourse this year. Of these, HwangDBS Vickers Research got the names of 21 companies that have their draft prospectuses displayed on the Securities Commission (SC) website. | |
| Date: | 9th February 2013 |
| Media Title: | Focus Malaysia |
| Headline: | Hefty Price Tag For Tune Insurance |
| February 9-15, 2013 Analysts say IPO should be priced at most between RM1 and RM1.20. Although the institutional IPO price of RM1.35 for Tune Insurance Holdings Bhd (TIH) is lower than anticipated, analysts say it is still pricey compared to its peers in the industry. They feel that it should be priced at most between RM1 and RM1.20. | |
| Date: | 9th February 2013 |
| Media Title: | Focus Malaysia |
| Headline: | Tune Ins Sets IPO Price At RM1.35 |
| Tune Ins sets IPO price at RM1,35 Following the completion of its book building process, Tune Insurance Holdings Bhd has set its final IPO price at RM1.35 per share. | |
| Date: | 8th February 2013 |
| Media Title: | The Malaysian Reserve |
| Headline: | Tune Insurance - A Double Edged Sword |
| Recommendation: Non Rated FAIR Value: RM1.35 by JF Apex Securities Bhd (Feb 7) - Piggyback on AirAsia and the Tune Companies for revenue generation. Tune Insurance Holdings Bhd (TIH) runs via two core businesses - online insurance and the other, general insurance. Around 70% of the revenue are generated from the online insurance arm, which in turn derives from AirAsia and Tune Hotel online portals as part of the tickets/rooms booking process, while general insurance business operates solely in Malaysia via newly acquired Tune Insurance Malaysia Bhd (TIMB) which was acquired in May 2012 with approximately 1,000 agents and 16 branches. | |
| Date: | 8th February 2013 |
| Media Title: | The Star |
| Headline: | Tune Ins Rides On AirAsia For Earnings |
| Tune Ins rides on AirAsia for earnings - Online insurance will continue to be main catalyst for profit contribution in FY13 onwards PETALING JAYA: Tune Ins Holdings Bhd (TIHB)'s earnings would come from the collaboration with AirAsia which is set on rapid expansion for the next five years, according to JF Apex Research. While the research house liked TIHB for its strong online presence regionally, deriving from the synergistic tie-up with AirAsia, it reckoned that the stock offered limited upside potential and relatively unattractive dividend yield of less than 3% compared with its peers such as LPI Capital Bhd. | |
| Date: | 8th February 2013 |
| Media Title: | China Press |
| Headline: | Tune Ins To Be Listed On Feb 20 |
| Tune Ins Holdings Bhd (TIHB)'s earnings would come from the collaboration with AirAsia which is set on rapid expansion for the next five years, according to JF Apex Research. While the research house liked TIHB for its strong online presence regionally, deriving from the synergistic tie-up with AirAsia, it reckoned that the stock offered limited upside potential and relatively unattractive dividend yield of less than 3% compared with its peers such as LPI Capital Bhd. | |
| Date: | 7th February 2013 |
| Media Title: | The Malaysian Reserve |
| Headline: | Tune Ins IPO Shares Well Received |
| TUNE Ins Holdings Bhd, set to be listed on Feb 20, 2013, on Bursa, public share offer has been overwhelmingly subscribed bv international and local institutional investors. The orderbooks were closed on Monday Feb 4, 2013, two days earlier than initially planned due to strong demand from more than 80 accounts. | |
| Date: | 7th February 2013 |
| Media Title: | The Malaysian Reserve |
| Headline: | Tune Ins Set For Market Capitalisation Of RM1b |
| TUNE Ins Holdings Bhd, en-route for listing on the Main Board of Bursa Malaysia on Feb 20, is set to record a market capitalisation of RM1 billion | |
| Date: | 7th February 2013 |
| Media Title: | New Straits Times |
| Headline: | Tune Ins To Be Listed On Feb 20 |
| Insurance firm Tune Ins Holdings Bhd (TIH) is set to be listed on February 20 with a RM1 billion market capitalisation. This is after TIH had fixed its final Institutional and retail price of RM1.35 per share following the completion of its bookbuilding exercise. | |
| Date: | 7th February 2013 |
| Media Title: | The Star |
| Headline: | Tune Ins Set For RM1bil Market Cap |
| Tune Ins Holdings Bhd, en route for listing on the main board of Bursa Malaysia on Feb 20. is set to record a market capitalisation of RM1bil | |
| Date: | 7th February 2013 |
| Media Title: | Berita Harian |
| Headline: | IPO Tune Ins Terima Lebihan Langgan 2.07 Kali |
| TIH's initial public offering (IPO) of 37.588 million shares to the public had been oversubscribed by 2.07 times | |
| Date: | 7th February 2013 |
| Media Title: | Oriental Daily |
| Headline: | Tune Ins IPO Oversubscribed By 2.07 Times |
| TIH's initial public offering (IPO) of 37.588 million shares to the public had been oversubscribed by 2.07 times | |
| Date: | 7th February 2013 |
| Media Title: | Nanyang Siang Pau |
| Headline: | Tune Ins IPO Oversubscribed |
| TIH's initial public offering (IPO) of 37.588 million shares to the public had been oversubscribed by 2.07 times | |
| Date: | 7th February 2013 |
| Media Title: | Sin Chew Daily |
| Headline: | Tune Ins IPO Oversubscribed By 2.07 Times |
| TIH's initial public offering (IPO) of 37.588 million shares to the public had been oversubscribed by 2.07 times | |
| Date: | 6th February 2013 |
| Media Title: | The New Straits Times |
| Headline: | Tune Ins Changes Listing Date To Feb 20 |
| Tune Ins Holdings Bhd has changed its listing date on Bursa Malaysia's Main Market to February 20 from February 22 this year. The insurer yesterday announced that both the final institutional and retail prices of its shares are fixed at RM1.35 a share. The retail offering and institutional offering closed at 5pm on Monday. | |
| Date: | 6th February 2013 |
| Media Title: | The Edge Financial Daily |
| Headline: | Tune Ins Fixes Final Retail Price At RM1.35 |
| Tune Ins Holdings Bhd has fixed its final retail price at RM1.35 per share for its IPO after the completion of its book-building on Monday. In a statement to Bursa Malaysia, the company said the final retail price of RM1.35 per share was 20 sen lower compared with the indicative offer price of RM1.55 per share set earlier. | |
| Date: | 6th February 2013 |
| Media Title: | The Star |
| Headline: | Tune Ins Sets IPO Retail Price At RM1.35 |
| Tune Ins Holdings Bhd, which is en route for listing next month, said its institutional and final retail price has been set at RM1.35 each | |
| Date: | 6th February 2013 |
| Media Title: | The Sun |
| Headline: | Tune Ins IPO Fixed At RM1.35 |
| PETALING JAYA: Tune Ins Holdings Bhd has fixed the institutional price and final retail price for its initial public offering (IPO) on the Main Market of Bursa Malaysia at RM1.35 per share, thus raising RM283.8 million. | |
| Date: | 6th February 2013 |
| Media Title: | China Press |
| Headline: | Tune Ins Settles At An IPO Price Of RM1.35 |
| Tune Ins Holdings Bhd has fixed the institutional price and final retail price for its initial public offering (IPO) on the Main Market of Bursa Malaysia at RM1.35 per share and will be listed on 20th February 2013. | |
| Date: | 6th February 2013 |
| Media Title: | Kwong Wah Yit Poh |
| Headline: | Tune Insurance Pricing For RM1.35 |
| Tune Ins Holdings Bhd has fixed the institutional price and final retail price for its initial public offering (IPO) on the Main Market of Bursa Malaysia at RM1.35 per share. | |
| Date: | 6th February 2013 |
| Media Title: | Nanyang Siang Pau |
| Headline: | Tune Insurance Fix Price At RM1.35 |
| Tune Ins Holdings Bhd has fixed the institutional price and final retail price for its initial public offering (IPO) on the Main Market of Bursa Malaysia at RM1.35 per share. | |
| Date: | 6th February 2013 |
| Media Title: | Oriental Daily |
| Headline: | Tune Insurance Holdings |
| Tune Ins Holdings Bhd has fixed the institutional price and final retail price for its initial public offering (IPO) on the Main Market of Bursa Malaysia at RM1.35 per share and will be listed on 20th February 2013. | |
| Date: | 4th February 2013 |
| Media Title: | The Star |
| Headline: | Mercury Positive On Tune Ins On AirAsia |
| Mercury Securities is optimistic about the prospects for Tune Ins Holdings Bhd (TIHB), given its connections with AirAsia Bhd, AirAsia Croup has been very successful in growing its business over the past 10 years. "The company is both aggressive and innovative in leveraging its successful brand, marketing strength and unique culture to enter new markets, stimulate demand and compete successfully with incumbent full-service carriers and other low-cost carrier start- ups. | |
January 2013
| Date: | 29th January 2013 |
| Media Title: | The Edge Financial Daily |
| Headline: | Tune Ins Prospectus |
| Date: | 26th January 2013 |
| Media Title: | IFR Asia |
| Headline: | Tune prepares Malaysian IPO |
| Malaysia’s first IPO of the year is shaping up as a very domestic affair, highlighting the challenge of marketing large fundraisings to foreign investors ahead of the upcoming general elections. | |
| Date: | 26th January 2013 |
| Media Title: | Business Times (News Straits Times) |
| Headline: | Tune Ins: First insurance listing in eight years |
| 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. | |
| Date: | 26th January 2013 |
| Media Title: | The Wall Street Journal Asia |
| Headline: | AirAsia's Fernandes Seeks Listing of Insurance Business |
| Malaysian airline tycoon Tony Fernandes is kicking off his planned spate of initial public offerings this year with a listing of his insurance business. | |
| Date: | 25th January 2013 |
| Media Title: | The Malaysian Reserve |
| Headline: | Tune Ins eyes small overseas companies |
| Tune Ins Holdings Bhd plans to acquire small companies overseas, said its chief executive officer Peter Miller. Miller said this is to ensure a higher proportion of profitable business emanating from its AirAsia partnership stayed within the group. | |
| Date: | 25th January 2013 |
| Media Title: | The Edge Financial Daily |
| Headline: | Tune Ins banks on high growth |
| Tune Ins Holdings Bhd (TIH) is banking on its growth prospects and dividend policy to pay out not less than 40% of consolidated profit to entice investors as it prepares for a listing on the main market next month. | |
| Date: | 25th January 2013 |
| Media Title: | Harian Metro |
| Headline: | Tune Ins kumpul RM222.2 juta |
| Tune Ins Holdings Bhd, anak syarikat milik penuh Tune Money, mengumpul RM222.2 juta dari tawaran awam permulaannya (IPO) berikutan penyenaraiannya di papan Utama Bursa Malaysia. | |
| Date: | 22nd January 2013 |
| Media Title: | The Edge Financial Daily |
| Headline: | Tune Insurance To Raise RM250m To RM300m |
| Tune Ins Holdings Bhd, which is awaiting approval for its initial public offering (IPO) scheduled for this year, is hopeful of acquiring some insurance companies in Indonesia and Thailand before penetrating other Asean countries in its bid to expand into the region. | |
| Date: | 22nd January 2013 |
| Media Title: | China Press |
| Headline: | Tune Eyes Insurance Firms In Indonesia, Thailand |
| Tune Ins Holdings Bhd, which is awaiting approval for its initial public offering (IPO) scheduled for this year, is hopeful of acquiring some insurance companies in Indonesia and Thailand before penetrating other Asean countries in its bid to expand into the region. | |
| Date: | 21st January 2013 |
| Media Title: | The Star |
| Headline: | Tune Ins On The Hunt |
| Tune Ins Holdings Bhd, which is awaiting approval for its initial public offering (IPO) scheduled for this year, is hopeful of acquiring some insurance companies in Indonesia and Thailand before penetrating other Asean countries in its bid to expand into the region. | |
| Date: | 17th January 2013 |
| Media Title: | Berita Harian |
| Headline: | Tune Insurance Mahu Ambil Alih Dua Syarikat |
| Tune Ins Holdings Bhd, an arm of the Tune Group of companies, which is going to be listed on Bursa Malaysia, has plans to acquire two renowned general insurance companies in Indonesia and Thailand soon. The company believes that the acquisition will give it the platform it needs to widen its presence overseas. Tune Ins CEO, Peter Miller, said that Tune Ins is currently in discussion with the respective parties for the possibility to acquire a majority stake in the Indonesian and the Thailand based companies. Peter was quoted as saying, that part of the proceeds of the IPO will be utilized to finance the planned acquisition of these two companies. A large part of the proceeds will also be used to settle outstanding loans including the RM160million loan taken during the acquisition of OCA before this. | |
| Date: | 16th January 2013 |
| Media Title: | Nanyang Siang Pau |
| Headline: | Tune Insurance Purchasing Business In Indonesia And Thailand |
| Tune Ins Holdings Bhd, the company that is going to be listed on Bursa Malaysia will be leveraging on its internal growth strategy in Malaysia, in the interim to expand overseas. Currently they have eyes on Indonesia and Thailand’s market. The Chief Executive Officer of Tune Ins, Peter Miller, did not comment on the possible acquisition announcements being this year or next year. He revealed that new market is attractive, especially with the rising income and property levels of citizens, which indirectly tells us that more perspectives are needed for insurance. Peter pointed out that TIHB has no intention to acquire other big relevant companies in Malaysia, In addition, he refused to reveal the current progress of the Tune Ins IPO listing. The reason is they are still seeking approval from Securities Commission. Peter also revealed four big strategies to expand its insurance business. Through educating the consumers, Tune Ins and its partners will be growing with their consumers to expand the size of business. | |
| Date: | 14th January 2013 |
| Media Title: | Focus Malaysia |
| Headline: | Local IPO Outlook Remains Vibrant |
| While the number of initial public offerings (IPOs) to hit the local bourse this year remains vibrant, the combined value from proceeds raised through the fund-raising exercises may not surpass that of last year’s figure amounting to some RM23billion. | |
| Date: | 9th January 2013 |
| Media Title: | New Straits Times |
| Headline: | Tune Ins Prospectus Expected This Month |
| Tune Ins Holdings Bhd, formerly known as Oriental Capital Assurance Bhd (OCA), is expected to issue its listing prospectus this month. Business Times leamt that subsequently, its listing exercise will be held by the end of next month. | |
| Date: | 9th January 2013 |
| Media Title: | Sin Chew Daily |
| Headline: | Tune Ins’ IPO of US$65mil Might Be Listed In February |
| Tune Ins may be listed in February – However, the management of Tune Ins is unable to provide any comments at the moment. | |
| Date: | 8th January 2013 |
| Media Title: | The Star |
| Headline: | End-February Date For Tune Insurance IPO |
| The founders of AirAsia Bhd are expected to launch a US$65mil (RM197.6mil) initial public offering (IPO) of Tune Insurance Bhd by the end of February, two sources close to the deal told Reuters. | |
| Date: | 8th January 2013 |
| Media Title: | The Malay Mail |
| Headline: | Tune Launching IPO Next Month |
| Insurance unit flotation to fund expansion plans in underinsured Southeast Asia region. | |
| Date: | 8th January 2013 |
| Media Title: | The Sun |
| Headline: | AirAsia To Launch RM198m Tune IPO |
| Flotation would be the first of three IPOs planned by the founders this year. | |
| Date: | 8th January 2013 |
| Media Title: | China Press |
| Headline: | Airasia Founders To Launch Tune Insurance IPO |
| The founders of AirAsia Bhd are planning to launch a US$65mil (RM197.6mil) initial public offering (IPO) of Tune Insurance Bhd by the end of February. | |
| Date: | 8th January 2013 |
| Media Title: | Kwang Wah Yit Poh |
| Headline: | Tune Insurance IPO starts in end of February |
| The founders of AirAsia Bhd are expected to launch a US$65mil (RM197.6mil) initial public offering (IPO) of Tune Insurance Bhd by the end of February. | |
| Date: | 8th January 2013 |
| Media Title: | Nanyang Siang Pau |
| Headline: | Tune Insurance Listing In February |
| The founders of AirAsia Bhd are expected to launch a US$65mil (RM197.6mil) initial public offering (IPO) of Tune Insurance Bhd by the end of February. | |
| Date: | 8th January 2013 |
| Media Title: | Oriental Daily |
| Headline: | Tune Insurance to launch IPO in February |
| The founders of AirAsia Bhd are expected to launch a US$65mil (RM197.6mil) initial public offering (IPO) of Tune Insurance Bhd by the end of February. | |
| Date: | 7th January 2013 |
| Media Title: | Nanyang Siang Pau |
| Headline: | KLCI IPO |
| This cover story focuses on the performances of IPOs in 2012 which saw heavyweights like FGV, IHH & ASTRO being listed. The article mentions that 2013 could prove to be a challenging year for IPOs. | |
| Date: | 7th January 2013 |
| Media Title: | Sin Chew Daily |
| Headline: | CEO Prospect |
| The article carries views from 8 selected CEOs or Managing Directors, namely from SP Setia, Haio, Kenanga, Green Packet, KNM, Axiata, DHL and ChinWel on their plans or outlook for 2013. | |
| Date: | 3rd January 2013 |
| Media Title: | Kosmo! |
| Headline: | IPO Tahun Ini Dijangka Kekal Tinggi |
| The article carries K&N Kenanga’s view that the IPO offerings will be high this year on back strengthening liquidity in the country .The Group’s Managing Director mentioned that Tune Insurance would be one of the listings to take place in 2013. | |
| Date: | 3rd January 2013 |
| Media Title: | Utusan Malaysia |
| Headline: | K&N Kenanga Jangka IPO Kekal Tinggi |
| The article carries K&N Kenanga’s view that the IPO offerings will be high this year on back strengthening liquidity in the country .The Group’s Managing Director mentioned that Tune Insurance would be one of the listings to take place in 2013. | |
| Date: | 3rd January 2013 |
| Media Title: | The Edge Financial Daily |
| Headline: | K&N Kenanga Expects IPO Volume To Remain High |
| K&N Kenanga Holdings Bhd expects the volume of IPO on Bursa Malaysia to continue to be high this year as liquidity in the country remains strong. | |
| Date: | 3rd January 2013 |
| Media Title: | The Malay Mail |
| Headline: | Another Boom Year For IPOs |
| K&N Kenanga Holdings Bhd expects the initial public offerings (IPOs) on Bursa Malaysia to continue to be high this year as liquidity in the country remained strong. Group managing director Chay Wai Leong yesterday said in a statement among the IPOs lined up for 2013 are Tune Insurance Malaysia Bhd and KLCC Property Holdings Bhd Stapled Real Estate Investment Trust. | |
| Date: | 1st January 2013 |
| Media Title: | Nanyang Siang Pau |
| Headline: | Financial Issue |
| The article is a combination of views from key industry players on the year that was for them in 2012 and what some of their plans are in 2013. | |
December 2012
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