JINS.N0000 (Janashakthi Insurance PLC)

CK wrote:27 cleared

This has a resistance @ 27/- and if broken can test 30/-

It seems the resistance is broken.

Trading @ 27.80 with strong buying build up.

Still the reason for speculation is not known.

Not sure whether this is correct but the story going behind is like this.

JINS will be divesting its life business to Alliance or some other party. And they are going to use the sales proceeds to buy stake/s from CFVF to increase holdings similar to what they have done to CSEC.

Fingers crossed.

Brave Heart wrote:

CK wrote:now when to sell is the problem...

You will get the answer very soon.

still not

CK wrote:

Brave Heart wrote:

CK wrote:now when to sell is the problem...

You will get the answer very soon.

still not

CK I think you have got the answer from my previous post

Placed a SELL order for 30/= and let's hope for the best.

කිත්සිරි ද සිල්වා wrote:Placed a SELL order for 30/= and let's hope for the best.

Hi kith better not to at the moment. You can do that once the charts show us a downward trend.

The speculated price is much higher than that.

The Invisible wrote:

කිත්සිරි ද සිල්වා wrote:Placed a SELL order for 30/= and let's hope for the best.

Hi kith better not to at the moment. You can do that once the charts show us a downward trend.

The speculated price is much higher than that.

The charts showing a strong upward channel aided with strong buy. Look at the trading stats for the last 3 days. Its amazing given the overall market conditions. Better to keep ur holdings in ur account for now.

partial selling around 30 is safer if it come there. anyhow I am holding my full qty till the downward pressure come as invisible said.

CK wrote:partial selling around 30 is safer if it come there. anyhow I am holding my full qty till the downward pressure come as invisible said.

Yes CK even @ 28.50 the buying side is very strong. Usually there cant be such a huge interest even after this much of price appreciation if not the accuracy as well as the quantum of the speculation is so high. So I am holding as well as accumulating still at available prices.

Some crazy buying is seen @ 29/- during the last five minute period. This will be an indication of things to come tomorrow. There is a strong chance that JINS to reach 30/- again by tomorrow in the 2nd innings of JINS batting.

Touched 30/- within 10mts of opening the trading. However lot of volumes are still changing hand around 30/-.

New comers be careful and watch the trading pattern before thinking any kind of entry. But holders should be keep the holding still.

Placed a sell order @ 31.50 but looks like it is unlikely.    

The Invisible wrote:Touched 30/- within 10mts of opening the trading. However lot of volumes are still changing hand around 30/-.

New comers be careful and watch the trading pattern before thinking any kind of entry. But holders should be keep the holding still.

කිත්සිරි ද සිල්වා wrote:Placed a sell order @ 31.50 but looks like it is unlikely.    

The Invisible wrote:Touched 30/- within 10mts of opening the trading. However lot of volumes are still changing hand around 30/-.

New comers be careful and watch the trading pattern before thinking any kind of entry. But holders should be keep the holding still.

Allow it some time ne. Anyway nothing harm for waiting a bit more because people who are buying crazily above 29 has to push up for some more @ some time. Till then better to look for daily charts to see the change in forces.

Now whats cooking with JINS? Any experts who analysed this later please?

smallville wrote:Now whats cooking with JINS? Any experts who analysed this later please?

Its mainly driven by speculations.
All other Insurance companies trading at Lower Trailing PE values than JINS.
Any way Jins group had provided some kind of a life in to a dead market.

Here's the chart.. There's an Ascending triangle breakout, re-test of breakout levels, the last candle being a wick which rejected lower levels...

[You must be registered and logged in to see this image.]

A very good result. The good thing is that the strong growth in top line trickle down to bottom line.

[You must be registered and logged in to see this link.]

Janashakthi Insurance in B2B, digital drive



ECONOMYNEXT – Sri Lanka’s Janashakthi Insurance had been able grow gross written premium above the life industry average so far in 2019, riding its strong distribution network and a focus on business to business sales, officials said.




Janashkathi Insurance grew gross written premium 17 percent to 1.7 billion rupees in the June 2018 quarter from a year earlier and 20 percent in the first half.




Chief Executive Jude Fernando said life industry growth was 9.48 percent in Sri Lanka in the first quarter and 9.56 percent in the first half of 2019. Only two other players had shown life business growth of 20 percent, he said.




Janashakthi had seen strong growth in the business to business segment.




He said Group life business had grown to 19 percent of the total in the first half of 2019 from 15 percent.




Janashakthi had a strong distribution network around the island which was helping them to get business.




Janashakthi had physical offices around the country, though it was not always necessary, Fernando said.
Chairman Prakash Schaffter said since the exit from general insurance, the strong focus on life had given the firm new insights in the market which will be used in the future.


Newsletter
Daily Brief

Economynext daily and weekly email newsletters covering the best of politics and policy.

Sign up













Janashakthi was also using technology. Salespersons were being progressively given tablets to make presentations and a portal has also been set up.




Data mining was also taking place with more information coming in.




Fernando said new channels including banks and telcos have been added which will bring growth in the future.




Online sales were also being pushed with the portal Ayubo.life.




Director Ramesh Schaffter said Janashakthi had a capital adequacy ratio of 254 percent. Customer perceptions of the strength of the company was a key factor in driving sales he said.




With declining interest rates, the firm was evolving the investment strategy to boost income. In general stock prices tended to move up when interest rates came down, he said. The firm also had opportunities in property.




Life insurance companies tended to have value in their balance sheets that was not apparent at first glance, he said.




The life investment portfolio had liabilities to beneficiaries equal to assets, but each year the portfolio generated excess incomes over the actual liability, depending on the type of policies and benefit promised, he said.




In the first half 2019, Janashakthi Insurance had earned 795 million rupees from investment income, up from 753 million rupees a year earlier.




Janashakthi reported profits of 235 million rupees in the first half of 2019, and 127 million rupees in the June quarter. (Colombo/Sept06/2019)

[You must be registered and logged in to see this link.]