JINS.N0000 Janashakthi Insurance - Cup & Handle BO

Breaking 46 will make a C&H Break Out.
Dividend Pending
* Amount > LKR 5 (JINS can distribute tax free dividend received from CFVF.N0000)
Profit Expectations
* Earnings should be good.
* Majority of BOND portfolio is classified under 'Financial Assets at Fair Value Through Profit
or Loss'. Hence capital gains due to rate cuts will reflect in P&L.
NAV
* LKR 60.64 / PBV 0.75 (All other life insurance companies in CSE are trading above NAV.)
Dividend Pending
* Amount > LKR 5 (JINS can distribute tax free dividend received from CFVF.N0000)
Profit Expectations
* Earnings should be good.
* Majority of BOND portfolio is classified under 'Financial Assets at Fair Value Through Profit
or Loss'. Hence capital gains due to rate cuts will reflect in P&L.
NAV
* LKR 60.64 / PBV 0.75 (All other life insurance companies in CSE are trading above NAV.)
Nota
Future Monetary Policy* We expect at least 2 more rate cuts by MB of Sri Lanka. Hence YoY earnings growth expected to continue towards Q2 2024 (Capital gains from Bond Portfolio.
Nota
Breakout from C&H pattern formation* 05/04/2024 closed above the LKR 46 mark, effectively breaking C&H pattern.
Dagangan aktif
Our conservative expectation was JINS to declare an LKR 5.00 dividend.But
Today JINS declared a dividend of LKR 13.24
Close to 3X our dividend expectation.
26.6% DY for today's closing price.
Dagangan ditutup: sasaran tercapai
Target exceeded by 20%.* Closing the trade as Daily Chart of the counter & ASI both turned bearish. *
But expecting a attractive dividend.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.