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214 comment(s). Last comment by James Ng at Oct 9, 2020 9:04 AM
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Up_down
4046 posts

Posted by Up_down > Sep 20, 2019 9:25 AM | Report Abuse

Insufficient publicity is the main factor resulting shares traded at low liquidity but earnings would ultimately be the main drive to direct the movement of share price. Spritzer is considered involving in FMCG business so any positive news in reporting better earnings would attract investors to join the boat.

Low dividend yield is due to high capital expenditure in ASRS warehouse and working capital. The funds for expansion came from private placement 2 years.

Posted by steven_c > Sep 19, 2019 3:55 PM | Report Abuse

Has the exercise for Yee Lee privatization failed? I wonder if management will consider privatizing Spritzer instead? Liquidity is very low (few hundred units of transaction volume), dividend yield is very low (roughly 1.5%), no news written about management's vision to motivate the shareholders, thus, appeal to investors are almost non-existent other than Yee Lee themselves.


Up_down
4046 posts

Posted by Up_down > Sep 20, 2019 11:00 AM | Report Abuse

ASRS warehouse is nothing new in Malaysia. It was actually brought in Malaysia by a Korean more than 20 years. It was not widely adopted but time changes fast due to escalating labor costs, maintenance of forklift and fuel consumption. More important is the system allows accuracy in maintaining automatic stock records and minimize overstocking and obsolete stocks. Every item in the warehouse can be track in terms of location and the time of storage. It’s almost alike automatic storage of cars in the racking system. I am quite impressed with Spritzer to spend so much money to improve its business automation which would greatly increase its warehousing efficiency.


steven_c
21 posts

Posted by steven_c > Sep 24, 2019 10:07 AM | Report Abuse

Hi RainT, thanks so much for the info.


steven_c
21 posts

Posted by steven_c > Sep 24, 2019 10:13 AM | Report Abuse

Hi Up_down, I see, that makes sense now on the low dividend yields. Yes, their business fundamentals are strong which is the original reason in invested in them. However, I do have my concerns now due to the thinly traded volume over the past years. Hopefully, senior mgmt engage more in publicizing the company to reverse this trend.

Thanks for the info, Up_down


Up_down
4046 posts

Posted by Up_down > Sep 25, 2019 12:18 PM | Report Abuse

Raw material consumption represents about 46% of Turnover in year 2018. There's a big portion consisted of plastic packaging material. Spritzer has its own production lines to produce plastic bottles. Therefore, gross margin is expected to improve from enjoying reduction of resin prices.


Up_down
4046 posts

Posted by Up_down > Nov 27, 2019 6:24 PM | Report Abuse

Great QR. As expected gross margin improvement from the reduction of resin raw materials prices. Expecting another better QR next year.


focusinvesting
36 posts

Posted by focusinvesting > May 15, 2020 7:01 AM | Report Abuse

The company has a good potential for growth with a strong balance sheet but the company is not shareholder friendly so be careful when investing.
https://focusinvesting484855354.wordpress.com/2020/05/14/fundamental-analysis-spritzer-berhad/


zen_2k
287 posts

Posted by zen_2k > Aug 4, 2020 7:58 PM | Report Abuse

Would steer clear after knowing Yee Lee's case


JohnFarmer458
831 posts

Posted by JohnFarmer458 > Sep 4, 2020 10:29 PM | Report Abuse

Selangor no water , many rushing to buy mineral water for home and business . Spritzer demand is high many places sold out


Jeffreyteck
3698 posts

Posted by Jeffreyteck > Sep 5, 2020 4:43 PM | Report Abuse

When rakyat is worrying about water supply, we have excellent ministers talking about laws amendment to impose heavier penalties which is after event. How about preventive measures, role of various authorities in carrying out preventive measures, of course including possible corruption, etc??? Really lol.


Jeffreyteck
3698 posts

Posted by Jeffreyteck > Sep 6, 2020 9:57 PM | Report Abuse

Water pollution: Suhakam calls for effective enforcement... lololol.


speakup
17341 posts

Posted by speakup > Sep 7, 2020 2:33 PM | Report Abuse

spritzer going to report explosive results next Q due to water cut in klang valley.
REBUUUUUUUUUTTTTTTTTTTTTTTTTTT!!!!!!!!!!!!!!!!!!!!!!!!!


keithtrade
22 posts

Posted by keithtrade > Sep 14, 2020 9:11 PM | Report Abuse

Price going down after good news ?


James Ng
2004 posts

Posted by James Ng > Oct 9, 2020 9:04 AM | Report Abuse

https://klse.i3investor.com/blogs/general/2020-10-09-story-h1534554245.jsp
[转贴] [SPRITZER BHD:销售收入减少是由于MCO和CMCO期间的销量大幅下降。这集团90%以上的收入来自瓶装水的销售,瓶装水是消费品,在MCO和CMCO期间需求大幅下降] - James的股票投资James Share Investing

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