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MBSB Research maintained its “neutral” recommendation on Life Water, with an unchanged target price of RM1.63, based on its financial year 2027 (FY27) earnings per share (EPS) forecast of 9.6 sen and a 17 times price-to-earnings ratio
Life Water is a leading bottled water and carbonated drinks brand in Sabah. When they listed, they already had about 11% of Malaysia’s bottled water market. By now, I believe the market share should have grown quite a bit more already