Highlights
KLSE: NESTLE (4707)       NESTLE MALAYSIA BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
144.90   +0.10 (0.07%)  144.30 - 144.90  59,100
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 33,979 Million
NOSH: 235 Million
Avg Volume (4 weeks):98,155
4 Weeks Range:142.80 - 147.10
4 Weeks Price Volatility (%):
48.84%
52 Weeks Range:85.52 - 163.00
52 Weeks Price Volatility (%):
76.64%
Average Price Target: 118.17
Price Target Upside/Downside: -26.73

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2018 [#1]  |  24-Apr-2018
Next QR | Est. Ann. Date: 30-Jun-2018  |  21-Aug-2018
T4Q P/E | EY: 52.55  |  1.90%
T4Q DY | Payout %: 1.90%  |  99.74%
T4Q NAPS | P/NAPS: 3.68  |  39.37
T4Q NP Margin | ROE: 12.16%  |  74.93%

Headlines

Date Subject
15-Oct-2018 贺富华在任5年贡献大‧雀巢换帅表现料续平稳
13-Oct-2018 FRIDAY TAKEAWAY: Picking a safe consumer harbour
11-Oct-2018 雀巢 永续派息能力增强
10-Oct-2018 Nestle - Disposal of Chilled Dairy Business
10-Oct-2018 Nestlé (Malaysia) Berhad - Exiting the Chilled Dairy Business
10-Oct-2018 Nestle (Malaysia) - Ice Cream Business Sold
10-Oct-2018 Nestlé (Malaysia) Bhd - Disposal of Chilled Dairy Business
10-Oct-2018 Mplus Market Pulse - 10 Oct 2018
03-Oct-2018 Consumer - Waiting for an Impact
26-Sep-2018 Mplus Market Pulse - 26 Sep 2018
12-Sep-2018 Mplus Market Pulse - 12 Sept 2018
24-Aug-2018 Neste keeps faith with renewable jet fuel business despite setback
16-Aug-2018 Nestlé - Stable Earnings Growth
16-Aug-2018 Nestlé (Malaysia) Bhd - Leading the Pack
16-Aug-2018 雀巢 股价已反映利好
16-Aug-2018 Nestle - Positive Macro Factors But Rich Valuations
15-Aug-2018 Nestle - Solid Quarter, But Valuations Still Lofty
15-Aug-2018 [转贴] 5分钟看懂NESTLE(5168) Q2 2018季报 ~ 第一天
15-Aug-2018 Nestlé (Malaysia) Berhad - Slower Sales Growth Due to Warehouse Relocation
15-Aug-2018 Mplus Market Pulse - 15 Aug 2018

Business Background

Nestle Malaysia Bhd is a Malaysian investment holding company owned by Nestle. The company has the following business segments: dairy, beverages, food, Nestle Professional, Nestle Ice Cream, confectionery, chilled dairy, infant nutrition, and health science. The main geography is the domestic market, representing approximately 80% of total sales. The most well-known brands are Nescafe, Maggi, Nespray, Kit Kat, and Milo.
Analyze this stock with MQ Trader system

  5 people like this.
 
wannyin when will split share?
19/06/2018 12:32
Depeche Share split=good news?
20/06/2018 20:32
binghan https://www.facebook.com/ch8news/posts/2065418946809744

6月19日 受总统哈莉玛 Halimah Yacob 启发,雀巢公司 Nestlé 推出全球首个完全无糖份的美禄粉“Milo Gao Kosong”!

原来,总统去年11月出席一场保健促进局 Health Promotion Board, Singapore 的活动时,问雀巢公司的负责人,美禄是否能达到完全无糖份,以帮助我国进一步推广健康饮食。而公司过后真的展开了“无糖美禄”的研发过程,并在今天将“Milo Gao Kosong”推出市面!
21/06/2018 00:44
Aheng No more yo-yo
Price has stabilised. Sold mine at 148
29/06/2018 10:05
Depeche Price rebounded from 143 quickly recently...looks like uptrend will resume towards 160 soon?
05/07/2018 17:11
Depeche If it doesn't pierce through 163 to hit new high in the next bull run...then better sell before possible steep price meltdown.
10/07/2018 13:16
Fieey65 Will not hit 160 huhu..
10/07/2018 23:11
Trojanblade Reason for the drop I think because of good competition.. Many other good brand is performing.
12/07/2018 10:20
A D I wonder why the price has not moved moved any higher than RM 172.00 recorded before. Is there other forces that are in control trying to prevent increase in Price.
21/07/2018 18:24
nestlelover will up to 200!!
23/07/2018 18:22
Trojanblade You ingat ur love for nestle boleh kasi up to 200.. Haha..you ada mimpi la. Ni counter trade sesama sendiri.. A D is right
09/08/2018 15:52
A D Will there be a bonus issued soon to Nestle share. Can management respond to comment? A.David
14/08/2018 10:33
BULL1000BEAR1000 Rm1000 soon
14/08/2018 13:20
bullbullbully Rm5000 soon...
14/08/2018 15:09
newbie5354 147 meaning quarterly dividend 1.4?
14/08/2018 15:19
PH_pakatan_menipu IBs' sell call why still up? How to trust IB? Same like PH govn?
17/08/2018 02:52
bluebiznet You have any idea what is 52 times PE... For a slow growth, stable and steady company? ...
17/08/2018 03:18
MCC8 Interim dividend RM 0.70 will Ex on 30/8/18. TQ CTR Nestle. :)
17/08/2018 11:12
BULL1000BEAR1000 Menipu.. sad. Where are those promises?
19/08/2018 10:48
lazycat nestle 4707 overvalued
26/08/2018 20:05
abang_misai Divi is coming
18/09/2018 18:53
CIMBwarrenbuffett thank you to those who can't stop drinking MILO
28/09/2018 10:45
tsc516 Nestle issue announcement to suspend at 9 Oct 2018, what happened....
08/10/2018 20:08
bichrome84 Nestle will close pj factory
09/10/2018 08:40
somersby nestle pn17
09/10/2018 11:35
3iii TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS
DISPOSAL OF : (A) CHILLED DAIRY BUSINESS; AND (B) A SEGMENT OF THE MANUFACTURING BUSINESS IN RELATION TO; (i) ITS BUSINESS OF MANUFACTURING OF CHILLED DAIRY PRODUCTS AND COLD SAUCES; AND THE PACKING OF MILK POWDER AT THE PETALING JAYA FACTORY; (ii) THE PETALING JAYA FACTORY; AND (iii) THE MANUFACTURING FIXED ASSETS USED IN THE MANUFACTURING OF CHILLED DAIRY PRODUCTS AND COLD SAUCES AND THE PACKING OF MILK POWDER AT THE PETALING JAYA FACTORY.


on DISPOSAL OF :
(A) CHILLED DAIRY BUSINESS; AND
(B) A SEGMENT OF THE MANUFACTURING BUSINESS IN RELATION TO;
(i) ITS BUSINESS OF MANUFACTURING OF CHILLED DAIRY PRODUCTS AND COLD SAUCES; AND
THE PACKING OF MILK POWDER AT THE PETALING JAYA FACTORY;
(ii) THE PETALING JAYA FACTORY; AND
(iii) THE MANUFACTURING FIXED ASSETS USED IN THE MANUFACTURING OF CHILLED DAIRY
PRODUCTS AND COLD SAUCES AND THE PACKING OF MILK POWDER AT THE PETALING JAYA
FACTORY.


Pursuant to Paragraph 10.06(1) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Nestlé (Malaysia) Berhad (110925-W) (“Nestlé” or “the Company”) wishes to announce that, on 9 October 2018, Nestlé's wholly owned subsidiaries, Nestlé Products Sdn. Bhd. (45229-H) (“NPSB”) and Nestlé Manufacturing (Malaysia) Sdn. Bhd. (315081-K) (“NMSB”) (NPSB and NMSB shall be collectively referred to as the "Vendors"), have entered into a Business Transfer Agreement whereby the Vendors have agreed to sell and transfer the Chilled Dairy Business and a segment of its Manufacturing Business (hereinafter referred to as the “Disposal”), as a going concern to Lactalis Trading Malaysia Sdn. Bhd. (1295542-V) and Lactalis Manufacturing Malaysia Sdn. Bhd. (1295643-P) for a total cash consideration of Ringgit Malaysia One Hundred Fifty-Five Million and Three Hundred Thousand (RM155,300,000).

Further details of the Disposal are set out in the attachment.

This announcement dated 9 October 2018.


http://www.bursamalaysia.com/market/listed-companies/company-announcements/5936129
09/10/2018 12:31
3iii The Sale Consideration was arrived on a willing-buyer willing-seller basis, after taking into consideration
the following assets and business:
a. PJ Factory including goodwill RM120,340,000 (Note 1)
b. Manufacturing and Business Fixed Assets RM 28,960,000
c. Unfinished Goods/Inventory RM 6,000,000
TOTAL RM155,300,000
Note 1 -The PJ Factory has been held by the Company since 1961.
No deposit was collected upon the signing of the BTA.
Rationale
In line with the Vendors’ strategy to deliver sustainable future growth, the Vendors will be consolidating
their MILO operations in the factory in Chembong, Negeri Sembilan ("Chembong Factory") in second half
of 2019, with the aim of establishing the factory as a MILO Manufacturing Centre of Excellence for Nestlé.
To facilitate this strategy, the Vendors will be moving all existing MILO manufacturing assets in the PJ
Factory to the Chembong Factory. This will establish the Chembong Factory as the largest MILO factory
in the world.


Utilisation of Proceeds
The proceeds of approximately RM 100,000,000 from the Disposal will be utilised by end of 2019 to
establish the MILO Manufacturing Centre of Excellence in the Chembong Factory and the balance of the
proceeds (net of disposal related expenses) will be utilised by end of 2019 to reduce bank borrowings and
intercompany debts.
09/10/2018 12:35
3iii A similar event happened many years ago, when Nestle disposed its condensed milk business to F&N.

I look upon the above transactions positively for Nestle.
09/10/2018 12:38
3iii Nestlé (Malaysia) Berhad - Exiting the Chilled Dairy Business


INVESTMENT HIGHLIGHTS
Disposal of chilled dairy business to Lactalis group for a cash consideration of RM155.3m
We are supportive of the disposal as the chilled dairy business outlook is expected to be challenging
Proceeds from the disposal to be invested to further expand the MILO business and pare down debts
Maintain NEUTRAL stance with a revised target price of RM133.60
Disposal of chilled dairy business. Nestlé (Malaysia) Bhd (Nestlé) is disposing of its chilled dairy business to French dairy giant, the Lactalis group for a cash consideration of RM155.3m. The disposal comprised of the agreement to sell: (i) the business of manufacturing chilled dairy products and cold sauces; (ii) the packing of milk powder; (iii) manufacturing fixed assets used in these businesses and; (iv) its Petaling Jaya factory. Nestlé will record a one-off gain of approximately RM27.0m which is expected to be recognised across FY18 and FY19 as the disposal is expected to be fully completed by 1st of July 2019.

Challenging outlook for chilled dairy business. Historically, the chilled dairy business contributed about 2.0% of the group’s total revenue. The business comprises of drinkable and spoonable yogurt products mainly led by BLISS, BLISS PLUS, Nestlé Natural Yogurt and Nestlé Fat Free Yogurt (refer to Figure 1). For FY17, the business recorded a decline in revenue by -8.6%yoy to RM106.1m. We expect the outlook for the segment to remain challenging in view of the intense competition and rising raw material costs.

Reinvestment in MILO plant in Chembong. RM100.0m of the total proceeds will be utilised to: (i) further upgrade production facilities; (ii) improve operational efficiencies and; (iii) scale up capacity of MILO plant in Chembong in 2HFY19. These improvements will result in the plant becoming the biggest MILO Manufacturing Centre in the world which will help Nestlé to meet growing local and export demand. At present, the plant supplies MILO to the local market as well as exports to over 20 countries.

Remainder of the proceeds to be invested in paring down debts. The remainder of the proceeds of about RM50.0 will be used to reduce the bank borrowings and intercompany debts. Currently, Nestlé has total borrowings of RM607.2m. We estimate finance costs to be reduce by between RM5.0m to RM5.5m as a result of the reduction in borrowings.

Marginal FY19 downward earnings adjustment. As the acquisition is due to be completed by 1st of July 2019, we are making no changes to our FY18F earnings at this juncture. As for FY19F, we have adjusted our FY19 earnings downwards by –0.9% after taking into consideration the loss of earnings contribution from the chilled dairy business and lower finance costs. While we expect earnings to be slightly impacted in FY19 from the loss of earnings contribution from the chilled dairy business, we expect that it will be mitigated by positive earnings accretion contributed by improvement in: (i) operating efficiencies and; (ii) capacity of MILO production in Chembong. Premised on the latter, we expect future contribution from MILO to pace up the earnings growth of Nestlé from FY20 onwards.

Maintain NEUTRAL stance with a revised TP of RM133.60. All in, we are supportive of the group’s decision to exit the chilled dairy business as the segment outlook is expected to remain challenging. The move also allows Nestlé to focus on growing its key brands such as MILO. In the near term, we anticipate subdued 4QFY18 sales growth due to the temporary transition in spending after the end of tax-holiday period. Nevertheless, over a longer term horizon, we believe that the earnings growth to remain stable as : i) prices of its products will not be significantly different under the new SST; ii) continuous improvement in its market share and; iii) stabilizing prices of agricultural commodities such as sugar, cocoa and coffee beans. All in, we maintain NEUTRAL stance with a revised target price of RM133.60 (previously RM132.32). Our target price is based on dividend discount model with the assumption that required return on equity is of 5.0% and sustainable dividend growth rate of 2.4%.

Source: MIDF Research - 10 Oct 2018



Comment:

Excellent management.
Lean and focus company.
10/10/2018 12:06
mamatede Milo is still selling very well... no significant brands has manage to fight it. VIco also not even close. Good move Nestle.
10/10/2018 13:50
Wow123 prices will compare once our currency depreciates than you buy milo or vico ?
10/10/2018 19:56
3iii Shareholding Changes
Date of change Shares Director/
Substantial Shareholder
09 Oct 2018 Disposed
6,000 EMPLOYEES PROVIDENT FUND BOARD
08 Oct 2018 Acquired
57,500 EMPLOYEES PROVIDENT FUND BOARD
05 Oct 2018 Acquired
52,400 EMPLOYEES PROVIDENT FUND BOARD
04 Oct 2018 Acquired
182,000 EMPLOYEES PROVIDENT FUND BOARD
03 Oct 2018 Disposed
32,500 EMPLOYEES PROVIDENT FUND BOARD
02 Oct 2018 Disposed
37,800 EMPLOYEES PROVIDENT FUND BOARD
01 Oct 2018 Disposed
10,700 EMPLOYEES PROVIDENT FUND BOARD
28 Sep 2018 Disposed
44,700 EMPLOYEES PROVIDENT FUND BOARD
27 Sep 2018 Disposed
10,200 EMPLOYEES PROVIDENT FUND BOARD
26 Sep 2018 Acquired
123,500 EMPLOYEES PROVIDENT FUND BOARD
25 Sep 2018 Disposed
7,400 EMPLOYEES PROVIDENT FUND BOARD
24 Sep 2018 Acquired
24,100 EMPLOYEES PROVIDENT FUND BOARD
21 Sep 2018 Disposed
101,500 EMPLOYEES PROVIDENT FUND BOARD
20 Sep 2018 Disposed
1,500 EMPLOYEES PROVIDENT FUND BOARD
20 Sep 2018 Disposed
37,900 EMPLOYEES PROVIDENT FUND BOARD
19 Sep 2018 Acquired
46,800 EMPLOYEES PROVIDENT FUND BOARD
18 Sep 2018 Disposed
22,000 EMPLOYEES PROVIDENT FUND BOARD
18 Sep 2018 Acquired
4,700 EMPLOYEES PROVIDENT FUND BOARD
14 Sep 2018 Acquired
170,000 EMPLOYEES PROVIDENT FUND BOARD
13 Sep 2018 Acquired
26,200 EMPLOYEES PROVIDENT FUND BOARD
12 Sep 2018 Acquired
199,900 EMPLOYEES PROVIDENT FUND BOARD
07 Sep 2018 Acquired
5,400 EMPLOYEES PROVIDENT FUND BOARD
06 Sep 2018 Acquired
145,900 EMPLOYEES PROVIDENT FUND BOARD
05 Sep 2018 Acquired
19,800 EMPLOYEES PROVIDENT FUND BOARD
05 Sep 2018 Acquired
27,600 EMPLOYEES PROVIDENT FUND BOARD
04 Sep 2018 Acquired
11,000 EMPLOYEES PROVIDENT FUND BOARD
04 Sep 2018 Acquired
2,900 EMPLOYEES PROVIDENT FUND BOARD
03 Sep 2018 Acquired
10,800 EMPLOYEES PROVIDENT FUND BOARD
30 Aug 2018 Disposed
86,100 EMPLOYEES PROVIDENT FUND BOARD
29 Aug 2018 Acquired
6,300 EMPLOYEES PROVIDENT FUND BOARD
28 Aug 2018 Disposed
11,100 EMPLOYEES PROVIDENT FUND BOARD
27 Aug 2018 Disposed
23,400 EMPLOYEES PROVIDENT FUND BOARD
27 Aug 2018 Acquired
100 EMPLOYEES PROVIDENT FUND BOARD
23 Aug 2018 Acquired
115,800 EMPLOYEES PROVIDENT FUND BOARD
21 Aug 2018 Disposed
1,500 EMPLOYEES PROVIDENT FUND BOARD
21 Aug 2018 Disposed
7,200 EMPLOYEES PROVIDENT FUND BOARD
21 Aug 2018 Acquired
187,300 EMPLOYEES PROVIDENT FUND BOARD
20 Aug 2018 Acquired
71,600 EMPLOYEES PROVIDENT FUND BOARD
17 Aug 2018 Acquired
67,800 EMPLOYEES PROVIDENT FUND BOARD
16 Aug 2018 Acquired
78,100 EMPLOYEES PROVIDENT FUND BOARD
15 Aug 2018 Disposed
20,000 EMPLOYEES PROVIDENT FUND BOARD
15 Aug 2018 Acquired
102,700 EMPLOYEES PROVIDENT FUND BOARD
14 Aug 2018 Disposed
8,000 EMPLOYEES PROVIDENT FUND BOARD
14 Aug 2018 Acquired
24,000 EMPLOYEES PROVIDENT FUND BOARD
13 Aug 2018 Disposed
12,300 EMPLOYEES PROVIDENT FUND BOARD
10 Aug 2018 Disposed
6,200 EMPLOYEES PROVIDENT FUND BOARD
09 Aug 2018 Disposed
17,200 EMPLOYEES PROVIDENT FUND BOARD
08 Aug 2018 Disposed
14,200 EMPLOYEES PROVIDENT FUND BOARD
07 Aug 2018 Acquired
4,200 EMPLOYEES PROVIDENT FUND BOARD
06 Aug 2018 Acquired
24,500 EMPLOYEES PROVIDENT FUND BOARD
13/10/2018 09:12
pang72 Aiyo..
My darling stock keep going down.
Look like not a good news..
Drop back original price 80.
13/10/2018 10:23
3iii NESTLE SHARES

NO OF SHARES DISPOSED AND ACQUIRED BY EPF FOR THESE PERIODS

October (1st to 9th)
Disposed 87,000 Acquired 291,900 Net Acquired 204,900


September (3rd to 28th)
Disposed 225,200 Acquired 818,600 Net Acquired 593,400


August (6th to 30th)
Disposed 207,200 Acquired 682,400 Net Acquired 475,200





TOTAL NO OF SHARES DISPOSED AND ACQUIRED BY EPF
(August 6th to October 9th)
Disposed 519,400 Acquired 1,792,900 Net Acquired 1,273,500
13/10/2018 10:49
stockraider Posted by stockraider > Oct 13, 2018 11:01 AM | Report Abuse X

This dishonest 3iii is manipulating the readers loh....just check the end of the year v current latest holding, ask yourself EPF is holding more or less of NESTLE leh ???

The answer is less loh....so simple mah....that means EPF is disposing loh...!!

Posted by 3iii > Oct 13, 2018 10:52 AM | Report Abuse

NESTLE SHARES

NO OF SHARES DISPOSED AND ACQUIRED BY EPF FOR THESE PERIODS

October (1st to 9th)
Disposed 87,000
Acquired 291,900
Net Acquired 204,900


September (3rd to 28th)
Disposed 225,200
Acquired 818,600
Net Acquired 593,400


August (6th to 30th)
Disposed 207,200
Acquired 682,400
Net Acquired 475,200





TOTAL NO OF SHARES DISPOSED AND ACQUIRED BY EPF
(August 6th to October 9th)
Disposed 519,400
Acquired 1,792,900
Net Acquired 1,273,500




EPF has been a net buyer of Nestle shares from August to today.
How much money has EPF invested into EPF over this period?
13/10/2018 11:03
3iii http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=185160&name=EA_DS_ATTACHMENTS
Annual Report of Nestle Page 109

31.12.2017
EPF is the 2nd largest shareholder of Nestle with 15,507,400 shares.



http://www.bursamalaysia.com/market/listed-companies/company-announcements/5940497

9.10.2018
EPF has 17,323,200 shares in Nestle.



Thus, for this calendar year to-date, EPF has INCREASED its shareholdings in Nestle from 15,507,400 shares to 17,323,200 shares, which is, an increase of 1,815,800 shares.
13/10/2018 11:26
3iii Thus, for this calendar year to-date, EPF has INCREASED its shareholdings in Nestle from 15,507,400 shares to 17,323,200 shares, which is, an increase of 1,815,800 shares.


Interestingly, 1,273,500 of these shares were bought between 6.8.2018 to now.
13/10/2018 11:28
3iii >>>Posted by stockraider > Oct 13, 2018 11:03 AM | Report Abuse

Posted by stockraider > Oct 13, 2018 11:01 AM | Report Abuse X

This dishonest 3iii is manipulating the readers loh....just check the end of the year v current latest holding, ask yourself EPF is holding more or less of NESTLE leh ???

The answer is less loh....so simple mah....that means EPF is disposing loh...!! <<<


Did I mention on many occasions that my friend lacks integrity?
13/10/2018 11:29
stockraider Ok to be fair raider did not go into detail analysis , when making the sweeping comment, that epf net position is disposing which in fact epf has increased by 1.81m units or 10.4% loh...!!

Raider apologise for that loh....but raider is not dishonest loh....in fact raider says & give the mechanism of confirming the epf position loh....!!

But put it this way, pls do not run the risk of extrapolating that epf is going to continue buy more nestle going fwd loh.......!!
EPF has increased the shareholding by 10.4% todate but share price had gone up by roughly 60% loh....!!
My school maths teacher always tell raider always beware of the mathematical imbalance loh....!!

That does not mean epf will not start disposing going fwd mah.....!!
In fact the latest announcement EPF reported on 12 OCT they are selling 6k units, and raider suspect more selling on the way with high valuation of NESTLE with PE above 50x, it is ripe time for epf profit taking loh....!!

So do becareful in chasing such a overvalue stock in the current challenging time loh....!!
13/10/2018 18:08
pang72 After disposing the dairy business, Nestle income will down for 2years till Milo operaiton resume.
So, Nestle and Hengyuan are in similar pattern.
Hengyuan drop due to upgrading and no business --19 to 6
Nestle will drop from 140 to 80 due to 2 years profoit reduction.
Dont you agree to my my smart analysis.
13/10/2018 23:31
pang72 https://www.chinapress.com.my/20181013/%E5%B8%82%E6%B0%91%E5%A4%A7%E4%BC%9A36%E4%BA%BA%E9%A3%9F%E7%89%A9%E4%B8%AD%E6%AF%92-%E9%9B%80%E5%B7%A2%E5%90%91%E5%8D%AB%E7%94%9F%E9%83%A8-%E6%8F%90%E5%91%88%E6%8A%A5%E5%91%8A/

市民大会36人食物中毒-雀巢向卫生部-提呈报告/
13/10/2018 23:32
pang72 As giant in food business, i expected high expectation on hygiene control.
This should not happen. Maybe i am too picky!
13/10/2018 23:33
alam Rafik going dwn and down and dwn..not the right time to buy la..
14/10/2018 00:11
tsc516 If you read the news properly, the food preparation is from outsiders, the nestle employees are not take nestle product la... The news stated 外部餐饮服务!!!
14/10/2018 13:20
chunlian how about warrant
nestleCA... stil can hold wait up to 0.055?
14/10/2018 19:08
pang72 Food poisoning then up...?
15/10/2018 23:54
pang72 All bankers gave sell call...
Very consistent...
15/10/2018 23:54
speakup who is this idiot: https://www.thestar.com.my/opinion/letters/2018/10/17/wrong-to-say-all...
17/10/2018 09:25
17/10/2018 09:26
wannyin y keep dropping price?
17/10/2018 13:14
3iii NESTLE (M) BHD


By Maybank IB Research

Sell

Target price: RM102


MAYBANK IB said the disposal of Nestle’s chilled dairy business and the Petaling Jaya factory land will yield gross cash proceeds of RM155mil (or 66 sen per share) which will be used to establish the Milo Manufacturing Centre of Excellence and repay borrowings.

“Upon deconsolidating Nestle’s chilled dairy business and adjusting for interest cost savings, our FY19-FY20 earnings estimates are tweaked lower by circa 1%.

“We maintain the ‘sell’ rating with a lower discounted cash flow derived target price of RM102 (weighted average cost of capital of 6.2%, long-term growth of 2.5%) on lofty valuations.

“Nestle currently trades at 47.5 times 2019 PER compared with the consumer sector’s average of 28 times,” the research house said.

Additionally, the completion dates for the disposals will be completed in two stages of which are the chilled dairy business by Jan 1, 2019; manufacturing business and PJ factory by July 1, 2019.

Nestle stands to receive a total gain on disposal of RM27mil over FY18 and FY19.

The proposed disposal is expected to be completed by end-July 2019 and is not subject to shareholders approval, it noted.

“We believe the majority of the RM27mil gain on disposal will only materialise in FY19. As such, we leave our FY18 earnings unchanged but marginally lower our FY19-FY20 earnings estimates by circa 1% after deconsolidating Nestle’s chilled dairy business revenue and adjusting for higher interest cost savings,” Maybank IB said.

There are several risk factors for our earnings estimates, price target, and rating for Nestle Malaysia, the research house said.

“A spike in raw material prices may impact earnings for Nestle Malaysia.

“Additionally, sharp appreciation of the US dollar against the ringgit will also affect its earnings, for about 50% of its raw material requirements are denominated in the US dollar. Its export sales, which account for about 20% of total sales, should provide some natural hedge,” it said.


Read more at https://www.thestar.com.my/business/business-news/2018/10/15/analyst-report-oct15/#KoDs72UB5s1U8bJY.99
17/10/2018 13:20


 

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