Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» Market will test 4700
by hammurabi Today at 8:13 pm

» New Support Level 5300
by hammurabi Today at 8:05 pm

» EAST Steady at 18
by m2_yapa Today at 7:18 pm

» LIOC upward curve
by hammurabi Today at 7:14 pm

» UNION BANK (UBC) to be takeover by Union bank of india
by Lucky Gamage Today at 6:26 pm

» SEC yet to publish its 2017 Annual Report
by Teller Today at 5:10 pm

» Keep eye on Politics
by Teller Today at 5:01 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Today at 1:44 pm

» HNB Assurance March net down 83-pct
by Teller Today at 1:18 pm

» PABC net down 13-pct in March; loans contract
by Teller Today at 1:15 pm

» Indian stocks jumped to record highs
by Teller Today at 1:13 pm

» modi wins-India to no1 in the world
by Teller Today at 1:07 pm

» Hayleys revenue up 34% YoY to Rs 219 bn in FY 18/19
by Teller Today at 1:02 pm

» undervalued stock
by Teller Today at 1:00 pm

» CIND , 10% guaranteed return
by Teller Today at 12:57 pm

» CSE from Dawn of Peace to Rebirth of Terrorism
by Sstar Today at 12:09 pm

» INVITATION TO FORUM MODERATORS
by Agape Today at 8:52 am

» Reputation???
by Uaecoindubai Yesterday at 7:12 pm

» Daily Stock Market Update
by Insights Equity Yesterday at 6:47 pm

» INVEST ON AAIC, HASU, UAL.... YOU WILL NEVER WORRY......
by wisdom79 Yesterday at 5:56 pm

» AIA INSURANCE DE-LISTING (CTCE)
by lokka1 Yesterday at 12:55 pm

» Sri Lanka’s Top 10 Imports
by Gajaya Yesterday at 11:16 am

» Top 10 Small Scale Business ideas & Opportunities in Sri Lanka 2019
by Gajaya Yesterday at 11:15 am

» when bank lending rates put down ?
by nuwanmja Yesterday at 11:01 am

» Pakistan’s trade with Sri Lanka comes to a halt
by Teller Yesterday at 3:26 am

» Sri Lanka’s largest pension fund EPF return to Colombo Stocks
by wisdom79 Tue May 21, 2019 10:46 pm

» Sri Lanka's EPF enters stock market with blood in the streets
by God Father Tue May 21, 2019 8:21 pm

» Sri Lanka caught in the big power conflicts
by God Father Tue May 21, 2019 8:16 pm

» High Profile Selling at EAST
by Uaecoindubai Tue May 21, 2019 4:43 pm

» A Trader’s Guide to FIX Engine
by Brenda John Tue May 21, 2019 11:24 am

» Reasons for market to crash
by Uaecoindubai Tue May 21, 2019 10:08 am

» ගෙවුම් ශේෂය, වාහන බලපත් හා ඩොලරයේ මිල
by ChooBoy Mon May 20, 2019 5:59 pm

» Terrorism and its Impact on the Sri Lankan Economy
by ChooBoy Mon May 20, 2019 5:41 pm

» Sri Lanka Equity Market Place
by Sstar Mon May 20, 2019 4:36 pm

» Sri Lanka Equity Market Talk
by Sstar Mon May 20, 2019 12:23 pm

» Sri Lanka Equity Market Help
by Sstar Mon May 20, 2019 12:18 pm

» LOFC IN FOR A BIG RUN
by stockback Sun May 19, 2019 5:20 pm

» Look PAP Amazing company
by Uaecoindubai Sun May 19, 2019 5:13 pm

» Sri Lanka Equity Market Place
by Uaecoindubai Sun May 19, 2019 5:13 pm

» CSE NOW AND AFTER ELECTION
by Ahcha Sun May 19, 2019 4:40 pm

» Do not be greedy, rely on small profits Guide to the markets
by Asoka Samarakone Sun May 19, 2019 12:11 pm

» 6 % of EPF funds in stock market
by hammurabi Sat May 18, 2019 3:47 pm

» Weekly Stock Market Roundup
by Insights Equity Sat May 18, 2019 12:54 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » RECOMMENDATIONS REG,SINI,SINS

RECOMMENDATIONS REG,SINI,SINS

Go down  Message [Page 1 of 1]

1RECOMMENDATIONS REG,SINI,SINS  Empty RECOMMENDATIONS REG,SINI,SINS on Mon Feb 07, 2011 7:10 pm

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
We expect Regnis (Lanka) PLC to benefit from the turnaround in the demand for consumer durables. We expect the improving demand stemming from the higher disposable income of the Sri Lankan consumer to push up the top line growth. The driver will come from the Refrigerator and Washing machine segments.
We do see the possibility of Sisil and Singer brands being challenged by the reduction taxation for the imported brands. However, the imported brands- Hitachi and Samsung we believe continue to be sold at a significant market premium thus giving REG products the edge with the price conscious Sri Lankan consumer. We expect the forward three-year Sales CAGR to grow by 31.7%.
With strong cash flows, concrete brand equity, solid management and the growth figures displayed in 3Q2010, we believe REG is significantly undervalued given the trading multiples of its peers / related companies. With the country’s current economic upswing and the present market growth potential we are of the opinion that REG shows promise. We feel REG’s low cost positioning, expertise of its affiliate Singer PLC, financial resources, and superior product differentiation requires a premium.
Trades at a historical (TTM) PER of 7.8x and a PBV of 2.1x. This compares to the (TTM) PE ratios of 24.4x of Singer Sri Lanka PLC (SINS:LKR 195.00) and Negative recurring EPS of Singer Industries PLC (SINI:181.40). The already attractive historical PER of 10.2x of REG trades even favourably with a forward PER of 8.1x on 2011 forecast earnings and 6.2x of 2012 forecast earnings.
www.colombostockwatch.com

2RECOMMENDATIONS REG,SINI,SINS  Empty Re: RECOMMENDATIONS REG,SINI,SINS on Mon Feb 07, 2011 7:17 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Any idea how this reputation works?

3RECOMMENDATIONS REG,SINI,SINS  Empty Re: RECOMMENDATIONS REG,SINI,SINS on Mon Feb 07, 2011 7:39 pm

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
What I heard is that SINS has covered their sales target for 2010 by the end of August or September.

4RECOMMENDATIONS REG,SINI,SINS  Empty Re: RECOMMENDATIONS REG,SINI,SINS on Mon Feb 07, 2011 8:22 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
Wish you wouldn't lump SINI with SINS and REG

5RECOMMENDATIONS REG,SINI,SINS  Empty Re: RECOMMENDATIONS REG,SINI,SINS on Tue Feb 08, 2011 8:43 am

marketsee

marketsee
Manager - Equity Analytics
Manager - Equity Analytics
I collected some SINI and holding.I think only around 3Mn shares are listed.

6RECOMMENDATIONS REG,SINI,SINS  Empty Re: RECOMMENDATIONS REG,SINI,SINS on Tue Feb 08, 2011 10:13 am

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The initial post is from a recent report on REG by SC Securities, when price was Rs161.

The biggest risk for REG is whether all the good news is priced into the share at Rs200, which used to be quite illiquid until Dr Senthileverl sold down his stake.

Recent floods will also dampen rural purchasing power and slow sales of fridges and washing machines (REG's products). Both REG and SINI (which makes Singer sewing machines) have some transfer pricing risk, as all sales are done through Singer Sri Lanka.

Final dividend of around Rs3-5 can though be expected for 2010, but that alone is insufficient to support share at current prices.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum