Bursa Malaysia Stock Watch

Nestle (Malaysia): Maintain Sell - 1H12 Within Expectations

kltrader
Publish date: Mon, 03 Sep 2012, 11:25 AM
kltrader
0 20,228
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
  • 1H in line. 2Q12 net profit of MYR121m (+22% YoY ; -24% QoQ) was in line, at 55% of our and 57% of consensus full-year forecasts. 1H12 net profit expanded 13.5% YoY to MYR279m.
  • Strong YoY growth in net profit was, to a certain extent, due to the restatement of its financials following the adoption of MFRS.
  • No changes to our earnings forecasts. Maintain SELL on unchanged DCF-based TP of MYR54.20.
Click here for full report

Source: Maybank Research - 3 Sept 2012
Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment