Price Target Analysis: SPRITZER (7103)

1 Line in Taiping and 1 Line in Yong Peng has commenced production. New ASRS seems to be more efficient too during the plant visit. Looking forward for stronger performance in overseas aspect.

2024-05-31 16:36

foreverchung

Seems like the new ASRS is a relatively timely addition in regards to warehousing vehicles, reduces the need to depend on Diesel vehicles. But of course large amount of logistics still depends on Diesel which I expect will eat into the margins for Spritzer since the bulk of the costs comes from logistics.

Would recommend to hold, and wait for opportunity to accumulate on the new lines are pushed to optimal production.

2024-06-12 13:32

Max2838

Spritzer growing ROCE and increasing Capital Employed...
Last year ROCE 12%, 3 yrs ago 7%

2024-08-09 13:34

Max2838

Prospects for Spritzer?
- increased production output to 1.2 B litres (volume & capacity)
- higher pricing of products, more demand for sparkling water
- investment of rm80M for new production plant of sparkling water
- lower PET resin prices or raw material costs
- higher tourist arrivals in Malaysia 2024
- Hot weather in some states
- higher demand for mineral water, improved export sales, higher ASP
- double digit growth in the past 2 quarters YoY
- cash flow positive
- current PE is 14.5, fair value at PE 16, Div Yield 2.1%
(F&N is PE 19, Div yield 2.5%)

2024-08-10 11:06

Max2838

Wonder why Spritzer highlights the 'silica content' on its water label?
https://www.living-water.co.uk/blog/drinking-mineral-water-every-day-can-prevent-memory-loss-from-alzheimers/

2024-08-10 11:08

Noni

Good company

2024-08-10 22:32

Max2838

Time to Stock up Spritzer mineral water ... water crisis in Penang n Kedah soon.

https://www.malaymail.com/news/malaysia/2024/08/11/water-levels-in-two-penang-dams-decline-to-danger-levels-between-26pc-and-30pc/146692

2024-08-12 00:59

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2024-08-12 06:55

Max2838

Spritzer said that no microplastics have been detected in the listed group's natural mineral water following an analysis conducted by SIRIM...

https://theedgemalaysia.com/article/sirim-analysis-finds-no-microplastics-spritzers-mineral-water

2024-08-16 14:47

Max2838

Is Sparkling Mineral water Good?
https://www.uchicagomedicine.org/forefront/health-and-wellness-articles/2023/may/is-carbonated-water-good-for-you

2024-08-17 12:10

Max2838

Spritzer's Share Buybacks and Dividend-in-specie?
This iconic move of more share buybacks and several dividend-in-specie as a follow-through can keep the shareholders fully invested and may be a good shark-repellant.

This will also project Spritzer as a resilient stock rather than as a income stock, ironing out the kinks in the stock prices and volatile currencies.

Awarding cash dividend once a year to shareholders is just so 'old school'.

2024-08-21 10:51

Max2838

No accountant to say it is also more tax efficient?

2024-08-22 17:40

Max2838

Spritzer share buybacks in month of Aug27 todate = 700,000 shrs
This shark repellant a good start, but need to escalate or upscale further.

The Coca-Cola Company conducted significant share buybacks over the past 10 yrs, using this strategy as a means to return value to shareholders. Coca-Cola repurchased billions of dollars worth of its own stock. This approach, common among large, stable corporations, helped the company boost its earnings per share (EPS) by reducing the number of outstanding share.

Some highlights:
*Regular Buybacks*: Coca-Cola regularly announced and executed share repurchase programs throughout the decade. These buybacks were often in the billions annually.
*EPS Impact*: By buying back shares, Coca-Cola decreased the total number of shares outstanding, thereby increasing EPS even if overall net income remained flat. This move often boosts investor confidence and can support stock prices.
*Capital Allocation*: Coca-Cola balanced share buybacks with dividends, making both key pillars of its strategy to return capital to shareholders.

The details of these buybacks, including specific figures for each year, can be found in Coca-Cola's annual reports.

2 months ago

Max2838

Why do you think Warren Buffet sell some Apple, but kept the Coke?

2 months ago

Max2838

Coca Cola vs Spritzer.... where to go from here?

Marketing Strategy is key!
1. Pricing Strategy (prices remained fixed?)
2. Place Strategy (vast distribution network n bottling plants?)
3. Promotion strategy (spend $$$ to promote its brand?)
4. Classic font n logo (green icon bottle?)
5. Sponsorships (events, games, entertainment n digital marketing platform?)
6. Localising products? Many products?

2 months ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥

Another very good quarterly result. Insiders adding to their share-holdings.

2 months ago

Max2838

Perrier mineral water recall from fecal contamination, pesticides or benzene this time?
The Perrier brand seems to be eroding and no longer sustainable for Nestle?
What's next for Nestle? Buy over Spritzer - the truly natural mineral water company from Taiping?
https://finance.yahoo.com/news/fecal-contamination-perrier-well-adds-210029091.html

1 month ago

Max2838

Its about time someone takeover Spritzer, solid brand and strong presence in Malaysia, and extend the brand to East Asia. No interest from F&N, Nestle, Coca Cola, Danone or Nongfu Spring?

1 month ago

kisord

the present management is competent enough to grow this wonderful business. They should not sell out at any price to foreigners at all. keep it Malaysian.

1 month ago

Max2838

Flavoured sparkling water not good, plain sparkling water super...

1 month ago

US representative Ilhan Omar says Israel’s ‘evil genocide must end’
In a post on X, Omar, a Democrat, said Israeli Prime Minister Benjamin “Netanyahu is committing human rights abuses over and over again—bombing hospitals, burning Palestinians alive, blocking food aid, and killing aid workers”.

“This evil genocide must end and President Biden has to stop enabling it,” she said.

1 month ago

Max2838

https://www.thestar.com.my/business/business-news/2024/11/14/spritzers-sparkling-potential-undervalued-by-market

At rm 1 billion maket cap can sell to nestle for rm 1.2 billion ....that's the sparkle

6 days ago

kisord

why sell such a wonderful business at only a slight premium to foreigners ? keep it and grow the business for future generations.

6 days ago

Max2838

Europe leads in established market value, while Asia is experiencing a faster growth trajectory, all driven by evolving consumer habits and expanding middle-class populations. Nestle leads in EU with Perrier n San Pellegrino sparkling water...distinct trend n growth projections in Asia - East n South....consumers are increasingly health-conscious and prefer healthier alternatives to sugary drinks (more tax expected), driving the demand for sparkling water...

6 days ago

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