BIMB Securities maintains hold on Nestle with TP of RM152

31 Oct 2018 - The Star Online
KUALA LUMPUR: BIMB Securities Research maintained its hold recommendation on Nestle (Malaysia) Bhd with a target price of RM152 on the announcement of its 3QFY18 earnings results. In a Wednesday report, it said the consumer giant's 9MFY18 net profit of RM535.1mil came within the research house's and ...
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Nestle Q3 net profit up 15.8% to RM137m, div 70c

30 Oct 2018 - The Star Online
KUALA LUMPUR: Nestle (Malaysia) Bhd's net profit rose 15.7% to RM137.68mil in the third quarter ended Sept 30, 2018 compared with RM119.01mil a year ago. It announced to Bursa Malaysia on Tuesday its revenue increased by 8.2% to RM1.43bil from RM1.32bil. Earnings per share were 58.72 sen compared with ...
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Connolly new head of finance at Nestle Malaysia in February

29 Oct 2018 - The Star Online
KUALA LUMPUR: Nestle veteran Craig Connolly will be the new chief financial officer of the Malaysia operations with effect from Feb 1, 2019, in a reshuffle among CFOs in Vietnam, Malaysia and Japan. Nestle (Malaysia) Bhd announced on Monday Connolly, who is currently the CFO of Nestle Vietnam, will ...
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Affin Hwang maintains sell call on Nestle on valuation grounds

10 Oct 2018 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research believes that the RM155.3mil selling price of Nestle (Malaysia) Bhd's chilled dairy business, including the Petaling Jaya factory, to subsidiaries of Lactalis Malaysia appears reasonable. "Valuation-wise, the price to sales ratio of 1.5x appears to be at a discount ...
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Nestle to invest RM100mil in world's largest Milo plant in Negeri Sembilan

9 Oct 2018 - The Star Online
KUALA LUMPUR: Nestle (Malaysia) Bhd will invest RM100mil from the proceeds of the RM155.3mil which it will receive from the sale of its chilled dairy and manufacturing business in the world's largest Milo factory in Chembong, Negeri Sembilan. Nestle is disposing of the business to subsidiaries of the ...
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Nestle Malaysia appoints new CEO

5 Oct 2018 - The Star Online
PETALING JAYA: Nestle (M) Bhd has appointed Juan Aranols as its new CEO, effective Dec 1, 2018. Aranols, who is currently CFO for Nestle group’s zone Asia, Oceania and Sub-Saharan Africa (Zone AOA), replaced Alois Hofbauer, who has decided to step down after 28 years with the group and over five years ...
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Aranols new CEO for Nestle Malaysia from Dec 1

4 Oct 2018 - The Star Online
KUALA LUMPUR: A veteran with the Nestle Group, Juan Aranols will be the new chief executive officer of Nestlé (Malaysia) Bhd with effect from Dec 1, 2018. He will take over from the current CEO, Alois Hofbauer, who has decided to leave the Nestlé Group to pursue other interests outside the company. ...
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Nestle implements satellite-based service Starling

25 Sep 2018 - The Star Online
PETALING JAYA: In line with its 2020 No Deforestation commitment, Nestle is now the first global food company to implement satellite-based service Starling to monitor 100% of its global palm oil supply chains. Developed by Airbus and The Forest Trust (TFT) as a global verification system, Starling will ...
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Nestle Q2 earnings rise to RM166mil on higher revenue

15 Aug 2018 - The Star Online
PETALING JAYA: Nestle (M) Bhd ’s net profit rose 3% to RM166.16mil for the second quarter ended June 30 from RM161.44mil in the previous corresponding quarter on higher revenue. During the quarter in review, the fast-moving consumer goods company saw its revenue increasing 2% to RM1.31bil from RM1.28bil ...
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Nestle's Q2 net profit rises 3% to RM166.16m

14 Aug 2018 - The Star Online
KUALA LUMPUR: Nestle (M) Bhd 's net profit in Q2 rose nearly 3% to RM166.16mil from RM161.44mil in the previous corresponding quarter on the back of 2% higher revenue of RM1.31bil. "The launch of new products and strong consumer and trade promotions were key contributors to our revenue growth. This was ...
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