SPRITZER (7103) - Spritzer Berhad
Spritzer share price RM2.39
Spotted in my telegram RM2.31
Spritzer Dividend yield 1.4%
See what the company said.
Despite a soft consumer market, Spritzer Bhd anticipates a double-digit growth in sales this year. The Start Monday, 24 April 2017
Exported to UK and target Europe.
Spritzer Bhd has started exports of its mineral water to the United Kingdom and hopes the country will eventually be a springboard for it to penetrate into Europe. The Star Saturday, 11 February 2017
## The quantity to UK is very small, but hope it can really be a springboard to Europe.
Promote as Health
"We will market the product under a new brand name called Acilis and position the product as an upper mid to premium product so that it will be feasible to sell there.
He says the UK Trading Standard has also allowed this product to be labelled in the country as possessing anti-aging properties that encourage softer skin, stronger nails, shiny hair and supple joints due to silicon enhanced promotion of natural collagen in the body.
"We think this will be our competitive edge as we won't be competing with the cheaper bottled water brands there.
"As proven in research by Keele University, it also helps in the removal of aluminium in the body - which is a known neurotoxin as a result of life-long exposure to the metal in food, tap water, cosmetics, medications and environmental air pollution from car exhaust and cigarette smoke," Chuah says.
The Star Saturday, 11 February 2017
Room for Export to grow?
Exports presently constitute to about 10% of Spritzer's annual revenue.
China
Given the number of incumbents already in the market, the group's task in China will not be easy. That said, with China's history of food scandals coupled with rising affluence in the nation, people might be more willing to pay extra for 'premium' imported products - the segment targeted by the firm - that are deemed as 'safer'. Tan Jiahui May 6, 2016 Stock Market, Upside Potential
China- 2 years from April 2016.
Spritzer started exporting mineral water to China at the end of April 2016. Malaysia's largest bottled water producer expects the venture to become profitable in two years. In the meantime, the expenses incurred to carry out the venture may affect its financial performance. The Edge Financial Daily, on June 26, 2016.
"Water is bulky, we know that expanding to China is even more costly. However, we will not be competing with the low-price segment. We will sell it at medium to premium price, so it can cover our cost," he said.
Sow said it launched 'Spritzer Tinge' in China at a price of between five to eight yuan per 500ml bottle. It will also sell Spritzer Fibre and Spritzer mineral water there.
## Probably we can start seeing the result by next year.
I don't think this stock will jump up sky high. Water is heavy and cheap, so probably the export market may not be so easy except for premium bottle which has a smaller market size.
SPRITZER (7103) - Spritzer Berhad
http://politemarket.blogspot.my/2017/05/spritzer.html
