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@abey wrote:REGNIS 95 ABANS 92
Not to scatter rosy pictures of REG.
I entered this before the share split in 2017 when they decarded a big dividend.
But after dividend and split it only came down for a months.
Was the same case for Singer too.
the reason what late Dr. Sman Kalegama mentioned was that, economic condition of the country has deteriorated so the buying power of people have come down and that's why sales not growing and lower profitability. ( check their annual report in 2018, 2019)
What i now see is the same situation.
Singer and Regnis do not produce essential items but they manufacture and sell items people spend after spending for what is absolutely essential ( TV, Fridge, Fan, AC etc.)
Even though importing of such goods has stopped have you ever seen people asking and complaining that we dont have enough TVs on the market or Refrigerators? But we have seen that for Tyres ( CEAT went up) , Glass bottels ( GLAS made profits etc)
In addition Damro / ATOM manufactures most of them locally too.
So my overall macroeconomic understanding here is that, restrictions on imports will not make Regnis or singer more profitable in the short run.
Reason: Peoples buying power is reduced significantly.
