IPO Series - Life Water Berhad - Sabah-based Beverages Company
1) YouTube
Source: LIFE WATER BERHAD IPO Prospectus
Figure 1: IPO timetable of LIFE WATER BERHAD
-Will be listed on the Main Board
-Will be listed on the Main Board
Info of IPO
Enlarged no. of shares upon listing: 473.1795 million
IPO price: RM0.65
Market capitalization: RM307.56 million
Estimated funds to raise from Public Issue: RM63.41million
PE ratio = 10.93x (based on FY2024)
Enlarged no. of shares upon listing: 473.1795 million
IPO price: RM0.65
Market capitalization: RM307.56 million
Estimated funds to raise from Public Issue: RM63.41million
PE ratio = 10.93x (based on FY2024)
Figure 2: Business model of LIFE WATER BERHAD
Source: LIFE WATER BERHAD IPO prospectus
Source: LIFE WATER BERHAD IPO prospectus
Figure 3: Utilisation of proceeds of LIFE WATER BERHAD
Source: LIFE WATER BERHAD IPO prospectus
Source: LIFE WATER BERHAD IPO prospectus
Dividend Policy
-The group targets a dividend payout ratio of not less than 20% of the PAT
-The group targets a dividend payout ratio of not less than 20% of the PAT
Figure 5: Major customers and suppliers of LIFE WATER BERHAD in FY2024
Source: LIFE WATER BERHAD IPO prospectus
Source: LIFE WATER BERHAD IPO prospectus
Figure 6: Profit & Loss statement of LIFE WATER BERHAD
Figure 7: Financial position of LIFE WATER BERHAD
Financial overview, industry market, and personal opinion
-The group is covering its businesses mainly in Sabah, thus more than 90% of revenue was contributed by the state of Sabah per the given period, from FY2021 to FY2024.
-The group has its products, such as Tritonic, K2, Sasa Drinking water, etc. Therefore, it is anticipated that the group will continue to capitalise on the market in Sabah.
-Compared to the similar listed company, Spritzer, the group still has the potential to grow (using the PE as a reference), particularly during the 1st day of listing.
-The group is covering its businesses mainly in Sabah, thus more than 90% of revenue was contributed by the state of Sabah per the given period, from FY2021 to FY2024.
-The group has its products, such as Tritonic, K2, Sasa Drinking water, etc. Therefore, it is anticipated that the group will continue to capitalise on the market in Sabah.
-Compared to the similar listed company, Spritzer, the group still has the potential to grow (using the PE as a reference), particularly during the 1st day of listing.
Disclaimer: The above content is not an investment advisory service and does not purport to tell or suggest which securities or stocks customers should buy or sell for themselves. It should not be assumed that the methods, techniques, or indicators presented above will be profitable or will not result in losses. You should not rely solely on information when making any investment. Rather, you should use the information only as a starting point for doing additional independent research to allow you to form your own opinion regarding investments.
The details of the IPO prospectus can be accessed through
LWSABAH - 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,...
The details of the IPO prospectus can be accessed through
LWSABAH - 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,...
By: Jshen Ng
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