$LWSABAH (5328.MY)$ They stated in their public offering liv...
$LWSABAH (5328.MY)$ In the live streaming of their IPO, they mentioned that their mineral water almost monopolizes the Sabah market. The main purpose of this IPO is to enter the Sarawak and Brunei markets and consolidate the Sabah market. In addition, they also mentioned that they have purchased land in Indonesia for the new capital city market in Kalimantan, Indonesia.
Sabah is also a tourist destination, attracting countless visitors every year from China and around the world. For visitors coming to the sunny Malaysia, the most important thing is mineral water. If you have any understanding, you will know that the number of Sabah visitors is constantly doubling, and the government is vigorously improving and promoting tourism in Sabah, already implementing expansion plans for the airport.
Unlike the competitive environment with numerous brands in West Malaysia, the LWSABAH brand has penetrated every Sabahan and has no competitors.
I estimate that they will reach at least 1.50 within this year, and around 3.5 next year.
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