Spritzer Berhad operates in three business segments: manufacturing, which includes the production of natural mineral water, carbonated flavored water, distilled water, drinking water, non-carbonated flavored water, polyethylene terephthalate (PET) pre-forms, PET bottles, caps and toothbrushes; trading, which includes the sale of bottled water and other consumer products, and others, which includes investment and properties holding.
Recently, its share price has fallen to a new low, thereby presenting potential opportunity for a potential trade rebound. Setting a possible trade setup at a possible entry point of $2.18 with a target price of $2.50 and possible stop loss at $2.05, one may achieve reward-to-risk ratio of in excess of 2 time if everything goes according to plan.
Z-score testing indicates that this stock is currently in a possible oversold position:
Based on Equity Rating Scorecard, this Company appears to be rated reasonably fair:
Nevertheless, one should be aware of the Company’s challenging operating environment as summarised by Management:
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