$SPRITZER / 7103 (SPRITZER BHD)
Research by MIDF
Neutral – TP RM2.55

“Growing Demand for Bottled Water"

• 1QFY24 earnings in line
• Higher revenue and core earnings in 1QFY24
• Earnings forecast maintained
• Maintain NEUTRAL with and revised TP of RM2.55 (previously RM2.08)

Analyst:
Genevieve Ng Pei Fen
Genevieve.ng@midf.com.my