Stock Name: NESTLE
Company Name: NESTLE (M) BHD
Nestle's FY11 results held no surprises. Earnings growth is unexciting and its 27x P/E makes it the most expensive F&B stock on our menu. Its dividend yield of 3.6% is also lower than other consumer stocks. We
recommend a switch to the brewers which offer higher yields of 4-10%.
Source: CIMB Research 24 February 2012
Company Name: NESTLE (M) BHD
| Research House: CIMB | Price Call: SELL | Target Price: 48.30 |
Nestle's FY11 results held no surprises. Earnings growth is unexciting and its 27x P/E makes it the most expensive F&B stock on our menu. Its dividend yield of 3.6% is also lower than other consumer stocks. We
recommend a switch to the brewers which offer higher yields of 4-10%.
Source: CIMB Research 24 February 2012
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