[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]

必胜于本季度及截至2019年3月31日止的年度至今录得收入9,510万令吉，较去年同期录得的8,250万令吉增加15％。收入增加主要是由于销售量增加及瓶装水平均售价增加所致。

截至2019年3月31日止的本季度及年初至今，必胜来自制造部门的收入为9050万令吉，较去年同期的7,850万令吉增加15％。交易部门的收入由本季度及截至2019年3月31日止年初的390万令吉增加15％至450万令吉。制造业收入增加乃由于销量及平均售价增加所致。交易收入增加主要是由于销量增加。

必胜的交易部门的业绩于本季度及截至2019年3月31日止年度迄今为止的亏损由上年同期录得的80万令吉增加32％至RM50万。这一改善主要得益于更好的销售业绩和中国业务的间接成本降低。必胜于本季度及截至2019年3月31日止年初至今录得的税前利润为1,000万令吉，较去年同期录得的950万令吉增加5％，主要由于销售收入增加。

截至2019年3月31日止的本季度，必胜录得收入9,510万令吉，较截至2018年12月31日止的前一季度录得的8,550万令吉增加11％。收益增加是由于客户在春节期间预期消费需求会增加，因此销售的瓶装水销量增加。

截至2019年3月31日止本季度，必胜录得税前溢利1,000万令吉，较截至2018年12月31日止的前一季度录得的420万令吉增加136％，主要由于瓶装水的销量增加所致，加上原材料和包装材料成本的降低。

前景：
他们将继续进行营销和销售，以提高他们在马来西亚和中国广州的瓶装水销售。他们目前正在太平矿泉水厂建造一个自动化仓库，以满足不断增加的业务量，并提高运营效率。他们将继续提高内部效率，并通过增加高速和全自动生产线进一步增强其能力。凭借其强大的品牌和针对各个市场的全面且不断增加的优质瓶装水产品，他们希望瓶装水产品的销售在国内市场中是可持续的。他们还采取坚定措施，进一步改善在中国的业务运营。

随着2019年7月实施糖税，瓶装水的消费量可能会有所改善。虽然在2019年注意到经营成本仍然很高，但董事们对必胜能够在截至2019年12月31日本财政年度取得令人满意的业绩持谨慎乐观的态度。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.63 (dividend RM0.015) in 11 months 13 days, total return is 130.1%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.43 in 7 months 10 days, total return is 78.8%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.38 (dividend RM0.04) in 1 year 24 days, total return is 78.6%

d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.55 (dividend RM0.1875) in 9 months 11 days, total return is 44.8%

e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.79 in 6 months 6 days, total return is 37.4%

f) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.42 in 1 month 25 days, total return is 36.5%

g) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.29 (dividend RM0.008) in 7 months 3 days, total return is 34.5%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.66 (dividend RM0.035) in 8 months 8 days, total return is 33.5%

i) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.88 (dividends RM0.063) in 9 months 18 days, total return is 22.2%

j) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.99 in 6 months 25 days, total return is 16.5%

k) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.62 (dividends RM0.04) in 9 months 25 days, total return is 16.1%

l) HUAYANG (HUA YANG BHD), recommended on 17 Feb 19, initial price was RM0.40, rose to RM0.455 in 5 months 9 days, total return is 13.8%

m) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.09 in 6 months 6 days, total return is 4.8%

n) FIAMMA (FIAMMA HOLDINGS BHD), recommended on 23 Sep 18, initial price was RM0.495, rose to RM0.495 (dividend RM0.0225) in 10 months 3 days, total return is 4.5%

我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：

预计公司每年的增长率必须> 14％

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过jamesngshare@gmail.com 或我的FB页面与我联系。

1)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡

8月11日星期日：AG Hotel Penang, George Town 4份点心

9月8日星期日：Hotel Sri Petaling, KL 3份点心

10月19日星期六：Silka Johor Bahru Hotel, Johor Bahru 5份点心

2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐

8月10日星期六：AG Hotel Penang, George Town

9月7日星期六：Hotel Sri Petaling, KL

10月20日星期日：Silka Johor Bahru Hotel, Johor Bahru

3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡

8月9日星期五：AG Hotel Penang, George Town 4份点心

9月6日星期五：Hotel Sri Petaling, KL 3份点心

10月18日星期五：Silka Johor Bahru Hotel, Johor Bahru 5份点心

有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

Facebook Group: https://www.facebook.com/groups/jamesinvesting

这个是我的TELEGRAM Group链接，大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

请大家来Follow James的Instagram，获取最新的资讯：jamesnginvest

这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。

James Ng
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[SPRITZER BHD: consumption of bottled water may improve with the implementation of sugar tax in July 2019]

The Group recorded a revenue of RM95.1 million during the current quarter and year-to-date ended 31 March 2019, which is a 15% increase from the RM82.5 million recorded in the same period in previous year. The increase in revenue is mainly due to increase in quantity sold and average selling prices of bottled water.

During the current quarter and year-to-date ended 31 March 2019, the Group's revenue from manufacturing segment of RM90.5 million represents an increase of 15% from RM78.5 million in the same period in previous year. Revenue from trading segment increased 15% from RM3.9 million to RM4.5 million in the current quarter and year-to-date ended 31 March 2019. The increase in manufacturing revenue is attributable to the increase in sales volume and average selling prices. The increase in trading revenue is mainly due to higher sales volume.

The Group's trading segment results has improved 32% to RM0.5 million loss during the current quarter and year-to-date ended 31 March 2019 from the RM0.8 million loss recorded in the same period in previous year. The improvement is mainly due to better sales performance and reduction in overhead costs of the China operations. The Group recorded a profit before tax of RM10.0 million during the current quarter and year-to-date ended 31 March 2019, representing a 5% increase from the RM9.5 million recorded in the same period last year mainly due to increase in sales revenue.

The Group recorded a revenue of RM95.1 million during the current quarter ended 31 March 2019, which is an 11% increase from the RM85.5 million recorded in the immediate preceding quarter ended 31 December 2018. The increase in revenue is due to increase in sales volume of bottled water sold due to customers increased stock holdings in anticipation of the increase in consumer demand during Chinese New Year festive period.

The Group recorded a profit before tax of RM10.0 million during the current quarter ended 31 March 2019, representing a 136% increase from the RM4.2 million recorded in the immediate preceding quarter ended 31 December 2018 mainly due to the increase in sales volume of bottled water coupled with the reduction in raw materials and packaging material costs.

Prospects:
They will continue with their marketing and sales efforts so as to improve their sales of bottled water in Malaysia and in Guangzhou, China. They are currently constructing an automated warehouse at their Taiping mineral water plant to cater for the increased business volume and also to improve their operational efficiency. They will continue to improve their internal efficiency and further strengthen their capacity and capability with the addition of high speed and fully automated production lines. With their strong branding and a comprehensive and increasing range of quality bottled water products catering to the various market segments, they are hopeful that the sales of their bottled water products will be sustainable in the domestic market. They are also taking firm steps to further improve their business operations in China.

The consumption of bottled water may improve with the implementation of sugar tax in July 2019. While being mindful that the operating costs will remain high in 2019, the directors are cautiously optimistic that the Group will be able to generate a satisfactory performance in the financial year ending 31 December 2019.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng