Highlights
KLSE: SPRITZER (7103)       SPRITZER BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
2.20   -0.09 (3.93%)  2.20 - 2.20  2,000
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Overview

Market Cap: 462 Million
NOSH: 210 Million
Avg Volume (4 weeks):1,726
4 Weeks Range:2.15 - 2.38
4 Weeks Price Volatility (%):
21.74%
52 Weeks Range:2.00 - 2.40
52 Weeks Price Volatility (%):
50.00%
Average Price Target: 2.36
Price Target Upside/Downside: +0.16
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  27-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  21-Nov-2019
T4Q P/E | EY: 17.54  |  5.70%
T4Q DY | Payout %: 1.59%  |  27.90%
T4Q NAPS | P/NAPS: 1.8924  |  1.16
T4Q NP Margin | ROE: 7.09%  |  6.63%

Headlines

Date Subject
28-Aug-2019 Spritzer Berhad - Solid 1HFY19 Financial Performance
28-Aug-2019 Spritzer Bhd - 1H19 Broadly In Line
29-Jul-2019 [转贴] [SPRITZER BHD:随着2019年7月实施糖税,瓶装水的消费量可能会有所改善] - James的股票投资James Share Investing
13-Jun-2019 【视频】必胜 原料价低利赚幅
12-Jun-2019 Spritzer Bhd - Staying Hydrated
10-Jun-2019 Mplus Market Pulse - 10 Jun 2019
07-Jun-2019 PublicInvest Research Headlines - 7 Jun 2019
31-May-2019 Spritzer - Profit boosted by festive sales
31-May-2019 Spritzer Berhad - Upward Price Revision Partially Mitigate Rising Costs
31-May-2019 Spritzer Bhd - 1Q19 Above Expectations
27-May-2019 稳定国内市场‧必胜拓区域商机
27-Feb-2019 Spritzer Berhad - Higher Raw Material Costs Impacted Earnings
27-Feb-2019 Spritzer Bhd - FY18 Below Estimates
26-Feb-2019 Spritzer - No fizz in the still
28-Dec-2018 Spritzer - No water, no life
22-Nov-2018 Spritzer Berhad - Anticipating a Sequentially Weaker 4QFY18
22-Nov-2018 Spritzer Bhd - 3Q18 Below Our Estimate

Business Background

Spritzer Bhd is engaged in the manufacturing and selling of a range of bottled water products. The company operates through three segments. Its Manufacturing segment is involved in the manufacture of natural mineral water, carbonated flavored water, distilled water, drinking water, non-carbonated flavored water, polyethylene terephthalate preforms and bottles, caps, and toothbrushes. The Trading segment is into the trading of bottled water and other consumer products. Its Other segment comprises of the recreational park, investment, and properties holding. The company offers SPRITZER brand of natural mineral water. Its products include Spritzer natural mineral water, Spritzer dispenser series, Spritzer love limited edition, Spritzer tinge, and Spritzer pop.
Analyze this stock with MQ Trader system

  choonliang1987 likes this.
 
RainT This is good counter
Water is resilient business
10/04/2016 11:39 PM
RainT Buy water better .....buy spritzer
All people need water
15/04/2016 11:16 PM
RainT Why today drop 4%?
22/04/2016 1:48 PM
RonnieKimLondon The latest development in the food & beverage industry in Thailand is that soft drinks could cost up yo 25% more in Thailand. The National Reform Steering Assembly's health panel approved a proposal to increase taxes for non-alcoholic drinks with high sugar content.

This sugar tax on soft drinks has been imposed on soft drink bottlers in US. We expect this sugar tax to be imposed in ASEAN countries over the next couple of years.
08/05/2016 5:44 PM
moneySIFU Unbelievable performance from Spritzer, well done.
23/05/2016 5:09 PM
chooweeteh Tats right. High sugar content drinks should be taxed. We welcome a culture with no soft drinks but plain mineral water to curb rising health issues with improved life styles. That to me is the most basic of investment, we mobilize our capital in a way that can bring benefits to society.
26/05/2016 2:22 PM
da4444 Anyone can explain spritzer business model? ie. who is their main customer etc. I am looking forward to invest in this counter
02/06/2016 4:37 PM
chooweeteh Yee Lee is the Holding company of which Business involves distribution and trading. As a subsidiary, the company enjoys wide distribution network that is important for Consumer products.
02/06/2016 8:41 PM
kk123 Its an expensive mineral water
02/06/2016 8:51 PM
chooweeteh Personally i wont mind as it is Drinking Water. In ten to twenty years if our society can adopt plain water drinking habits and be more healthy conscious, then this company would be seen as alternative to F&N.
02/06/2016 9:27 PM
da4444 Thanks guys for info. Drink more spritzer ya ;)
03/06/2016 4:24 PM
RainT Qtr report out??? Drop 5% ??
10/06/2016 12:00 PM
heata anyone know whats wrong with spritzer? drag down by klci?
13/06/2016 9:14 PM
LYL1 ha ha just ESOS sell out, cause their employee need money
14/06/2016 10:43 PM
LYL1 company still strong, cause still earn a lot of money
14/06/2016 10:43 PM
RainT Sales and profit grow every year since 2012 until now.
Water is important basic needs.
So this counter still a good counter to contimue hold
16/06/2016 6:52 PM
RainT 4th quarter result out
5.5cents dividend
28/07/2016 10:29 PM
Alex Tan http://www.valueinvestingstock.com/single-post/2016/05/12/What-I-Learned-From-Spritzers-Factory-Visit-1
04/08/2016 10:57 PM
Gainvestor http://gainvestor10sai.blogspot.my/2016/08/yeelee-little-red-riding-bull.html
YEELEE - Little RED-Riding-BULL
15/08/2016 1:10 AM
moneySIFU Drink Cactus also can, it's also product of Spritzer, cheaper.

Posted by da4444 > Jun 3, 2016 04:24 PM | Report Abuse
Thanks guys for info. Drink more spritzer ya ;)
15/08/2016 1:42 AM
gaban88 hot weather org minum byk air....x cukup bajet nk bli spritzer....one day i will buy..
01/09/2016 9:39 PM
Mgician collection mode ..
12/10/2016 4:59 PM
RainT Wait drop more
Then only collect
13/11/2016 10:54 PM
Wawai Samah collect =)
24/01/2017 6:45 PM
necro gg
20/02/2017 9:31 AM
wan7075 adui, why spritzer latest qr so poor?
27/02/2017 7:09 PM
峰中奇缘 Mineral water producer Spritzer Bhd announced that FMR LLC, part of United States-based Fidelity Investments, has emerged as a substantial shareholder after it acquired 38,100 shares in the open market.
This boosted FMR's holdings in Spritzer to 9.25 million shares, equivalent to a 5.07% stake. FMR's share acquisition in Spritzer was part of a simple portfolio of investments, the company said.
Headquartered in Boston, Fidelity Investments is the fourth largest mutual fund in the world, with presence in eight other countries across North America, Europe, Asia and Australia.
14/03/2017 11:08 PM
gnail Result so poor because it is result for one month only
20/04/2017 9:32 AM
Peggy Method More info.

http://politemarket.blogspot.my/2017/05/spritzer.html
03/05/2017 11:42 AM
i3longterminvest Anyone got read about spritzer from this blog?

http://lucentasset.com/blog/blog/2017/05/27/spritzer-7103-company-analysis-bursa-malaysia-summary/
25/07/2017 11:45 PM
limkokthye 2 bottle mineral water spritzer 500ml as dividen
26/08/2017 11:19 AM
amsterdam monday sure down,
new share private placement 27 million (15%)
22/09/2017 11:12 AM
necro free money but effect only seen after 5years
23/09/2017 12:03 AM
GalGunAmmo Uptrend with increasing price and volume. Interesting.
06/11/2017 4:33 AM
rumblexxa high liquidity with spritzer?
28/01/2018 4:49 PM
michellebee7 Spritzer 2.32 today
21/08/2018 7:45 PM
johnbrooks I thought spritzer very big company.... Share not liquid at all..
10/01/2019 11:19 AM
Varcity Greetings, VarCity will be visiting three listed companies during our Engage & Exchange #3 session. You can now ask questions to the management of Spritzer via VarCity. Kindly post the questions in the poll and get a feedback from the management.

https://www.facebook.com/groups/varcityinvestments/
09/02/2019 11:43 PM
Varcity Value Investing Idea #3 - Spritzer Berhad (7103) - https://www.youtube.com/watch?v=oX5JMyYPg48
18/02/2019 12:39 AM
novice2017 Yee lee delisting, would it affect Spritzer?
26/04/2019 2:53 PM
James Ng https://klse.i3investor.com/blogs/general/217082.jsp
[转贴] [SPRITZER BHD:随着2019年7月实施糖税,瓶装水的消费量可能会有所改善] - James的股票投资James Share Investing
29/07/2019 9:09 AM
Jeffreyteck This is among one of the few where price is quite stable.
31/07/2019 11:59 AM
Up_down Spritzer's ASRS warehouse worth RM 45 million will be completing at the end of 2019. It would certainly increase the efficiency of the operation and reduction of warehousing costs after putting into operation. Low resin price is another good factor to contribute higher margin.
17/09/2019 4:07 PM
steven_c 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.
19/09/2019 3:55 PM
RainT failed already
19/09/2019 3:59 PM
Up_down 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.
20/09/2019 9:25 AM
Up_down 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.
20/09/2019 11:00 AM
steven_c Hi RainT, thanks so much for the info.
24/09/2019 10:07 AM
steven_c 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
24/09/2019 10:13 AM
Up_down 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.
25/09/2019 12:18 PM


 

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