Stock Name: NESTLE
Company Name: NESTLE (M) BHD
Research House: OSK
Company Name: NESTLE (M) BHD
Research House: OSK
OSK Research has maintained a "neutral" call on Nestle (Malaysia) Bhd with an unchanged fair value of RM47.43.
The research house said Nestle's first quarter net profit of RM152.7 million was in line with its forecast.
"The strong first quarter results were mainly driven by higher purchases by customers after the previous reduction in stocks and the introduction of new products," OSK Research said in its Malaysia Equity Investment Research Daily today.
In the next few quarters, it said, Nestle was expected to register softer sales and bottom-line growth in view of spiraling raw material prices and as restocking sales normalise. -- Bernama
The research house said Nestle's first quarter net profit of RM152.7 million was in line with its forecast.
"The strong first quarter results were mainly driven by higher purchases by customers after the previous reduction in stocks and the introduction of new products," OSK Research said in its Malaysia Equity Investment Research Daily today.
In the next few quarters, it said, Nestle was expected to register softer sales and bottom-line growth in view of spiraling raw material prices and as restocking sales normalise. -- Bernama
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