Kenanga raises target price on Nestle to RM86.90

24 Nov 2017 - The Star Online
KUALA LUMPUR: Kenanga Research maintained Market Perform on Nestle (Malaysia) Bhd but raised its target price to RM86.90 from RM81.10 on a higher valuation following the stock's inclusion into the MSCI Malaysia Index. According to the research firm, Nestle is locked in unfavourable hedging positions ...
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Nestle launches global procurement hub

23 Nov 2017 - The Star Online
KUALA LUMPUR: The world’s largest food and beverage manufacturer Nestle, has today launched its Global Procurement Hub in Malaysia. As a key Asian market for Nestle, Malaysia was selected to host one of the group’s three Global Procurement Hubs, known as Nestrade. The Global Procurement Hub in Malaysia ...
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CIMB Research retains Hold for Nestle, higher target price

8 Nov 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research is retaining its Hold call on Nestle Malaysia with a higher 12-month discounted cashflow-based target price of RM84.20 as it rolls over its valuation base year to 2019. It said on Wednesday Nestle reported a 9M17 core net profit of RM502mil, which was broadly in ...
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Nestle posts 4.8% revenue growth in Q3, expects ‘solid profit’ for 2017

7 Nov 2017 - The Star Online
KUALA LUMPUR: Nestle (M) Bhd delivered a 4.8% growth in revenue to RM1.32bil in the third quarter (Q3) ended Sept 30, 2017, compared with a year earlier. The food and beverage company, whose products range from Milo to Maggi, said the good growth momentum was well supported by domestic and export sales ...
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Search on for innovative business initiatives

16 Sep 2017 - The Star Online
NESTLE S.A. recently kicked off its 2018 Creating Shared Value (CSV) Prize, seeking out winning initiatives from across the globe. The CSV Prize offers all social and commercial enterprises and non-governmental organisations prizes totalling RM2.2mil for innovative business initiatives that addresses ...
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CEO: Nestle’s growth sustainable

2 Sep 2017 - The Star Online
The company is pursuing an e-commerce strategy to widen income stream Salient points: > Nestle is confident of sustaining performance despite challenging environment > Company’s strategy is two-pronged with focus on cost and innovation > Company wants to make e-commerce as new income stream FOR a company ...
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Nestle posts higher Q2 revenue

22 Aug 2017 - The Star Online
PETALING JAYA: Nestle (M) Bhd posted improved revenue in the second quarter ended June 30, boosted by strong demand during the Ramadan and Hari Raya period, as well as higher exports sales. But net profit was lower at RM162.1mil compared with RM188.8mil made a year ago due to the weaker ringgit that ...
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Nestle maintains solid half-year profit amid headwinds

21 Aug 2017 - The Star Online
KUALA LUMPUR: Nestle (M) Bhd withstood the external headwinds to post a growth in operating profit to RM519.23mil for the first half-year (H1) ended June 30 compared with RM515.56mil a year earlier. The group maintained a solid profit situation in spite of the increase in raw material prices and the ...
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