$TUNEPRO / 5230 (TUNE PROTECT GROUP BERHAD)
Research by TA
BUY – TP RM0.48

"Expect Turnaround in 2H24”

Tune Protect Group Berhad's posted 1H24 net loss of RM13.3mn (vs. our full-year net profit forecasts of RM25.6mn). We deem the result to be within expectations as we expect the group to turn around in 2H24

Analyst:
Tan Kong Jin
kjtan@ta.com.my