LIFE WATER BERHAD
KLSE (MYR): LWSABAH (5328)
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Last Price
0.86
Today's Change
-0.045 (4.97%)
Day's Change
0.855 - 0.915
Trading Volume
9,399,400
IPO Info
Offer Period
Opening
2024-10-22
Closing
2024-10-30
Time Table
Allotment Date
2024-11-11
Listing Date
2024-11-13
Price
Issue Price
-
Units
473,179,500
Share Capital
157,320,050.000
No of Shares
Public Issue
-
Offer for Sale
-
Private Placement
-
Issuing House
-
ISIN Code
MYL5328OO009
Prospectus:
INITIAL PUBLIC OFFERING ("IPO") OF 125,953,000 ORDINARY SHARES IN LIFE WATER BERHAD ("LIFE WATER" OR "COMPANY") ("SHARES") AT AN IPO PRICE OF RM0.65 PER SHARE, PAYABLE IN FULL UPON APPLICATION COMPRISING: (I) PUBLIC ISSUE OF 97,563,000 NEW SHARES IN THE FOLLOWING MANNER: (A) 23,660,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 14,195,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF LIFE WATER AND ITS SUBSIDIARIES; (C) 560,000 NEW SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (D) 59,148,000 NEW SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY, MALAYSIA; AND (II) OFFER FOR SALE OF 28,390,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS. SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AS SET OUT IN THE PROSPECTUS, IN CONJUNCTION WITH THE LISTING OF LIFE WATER ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD
Detailed Procedures for Application and Acceptance.pdf
Life Water Berhad Prospectus (Part 3).pdf
Discussions
Be the first to like this. Showing 36 of 36 comments
Life Water starts accepting IPO applications from investors for RM82m Main Market listing
Justin Lim/theedgemalaysia.com
22 Oct 2024, 10:57 am
https://theedgemalaysia.com/node/731040
1 month ago
Biggest beverage manufacturer in Sabah as i knw. Offering 20% dividend. Can gather bullet already
4 weeks ago
Mercury Securities ascribes 74 sen fair value to Main Market-bound Life Water Bhd
Sankita Jayanandan
theedgemalaysia.com
29 Oct 2024, 05:24 pm
https://theedgemalaysia.com/node/732069
3 weeks ago
Analysts: Upsides to Sabah’s Life Water ahead of IPO
https://www.theborneopost.com/2024/10/29/analysts-upsides-to-sabahs-life-water-ahead-of-ipo/
3 weeks ago
2024-10-30
Blog
Mercury Securities Ascribes 74 Sen Fair Value to Main Market-bound Life Water Bhd
2 weeks ago
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Dow Jones Industrial Average
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NASDAQ Composite
19,281.40
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1 week ago
Good momentum stock, EM stock is hot now ! bought @ 0.76 and will hold until reach my own TP RM1
1 week ago
i dont think this can compare to azam. Azam too kuat. consecutive few days increase since debut.
1 week ago
Wow! Such a huge potential for Sabahan stock!
Am amazed that with 1 Sabah market alone already such market cap, I wonder if expand to other states or countries will significantly increase revenue and profit in the longer run?
IPO push aside, this seems to be a great stock to hold with its peers Spritzer!
1 week ago
Life Water surges 18% on Main Market debut
Yu Jien Lim & Luqman Amin
theedgemalaysia.com
13 Nov 2024, 09:28 am
Updated 11:44 am
https://theedgemalaysia.com/node/733751
1 week ago
Life Water laying foundations for sustainable growth, future
https://thesun.my/business-news/life-water-laying-foundations-for-sustainable-growth-future-AI13283012
1 week ago
mak kau..key in sell 1.05 today morning then i happily go shopping..now find out it is sick and loose stool...marah ni..
1 week ago
Most stock analysts have studied this lesser-known regional niche consumer player from a wrong perspective, comparing it to well-known brands like Spritzer is like comparing local hero 99Smart to global giant 7-11 so just take the bullish forecast (and the unrealistic target price) with a pinch of salt.
To be fair, those analysts should compare the price-to-earnings (PE) and price-to-book (PB) ratios to similar consumer companies in comparable geographical zones. For example, Sabah-based KTC (0180) has a PE ratio of 8.3x and a PB ratio of 0.6x. Given that Sabah is a relatively small market with weak purchasing power, it offers limited growth opportunities.
A stock analyst has assigned a fair value of 74 sen per share, which is 14% above its IPO price of 65 sen, based on a FY2025 PE of 11x. This implies an forward EPS of approximately 0.06727 sen. When comparing this information with KTC, which has a PE of 8.3x, the fair value of LW Sabah should be around 0.55 sen.
Additionally, take attention that KTC is trading below its NTA, indicating that the market sentiment for Sabah-based companies is rather weak. For those who still not convinced by my crystal ball analysis, just check the reported result of Olympia (3018) which do number forecasting business in Sabah but don't think this company ever made profit even though BJToto and Magnum made ton of profits at national level so the consumer market in Sabah is really hard to understand.
FY2023
LWSabah (5328)
Sales--RM150,962,159
PBT----RM34,479,000 (22%)
KTC (0180)
Sales--RM729,390,000
PBT----RM24,233,247 (3.29%)
Spritzer (7103)
Sales--RM490,675,000
PBT----RM65,924,000 (13%)
BJFood (5196)
Sales--RM1,115,966,000
PBT----RM148,734,000 (13%)
Karex (5247)
Sales--RM532,066,000
PBT----RM15,131,000 (2.8%)
The sales of KTC is about 5x the size of LWSabah, but KTC's PBT margin only 3.29% and the sales of Karex is about 3.5x the size of LWSabah, but Karex's PBT margin only 2.8% so using these data as the basis, the PBT margin of LWSabah at 22% may not be sustainable as PBT margin of 22% only global high tech stocks like Microsoft or Nvida can do that.
The math just don't add up so those retired uncle please think twice before you takeout all your EPF saving and all-in this company unless you really understand Sabah's erratic consumer market and also LWSabah's business model and how they can achieve such a marvelous PBT margin.
1 day ago
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