KUALA LUMPUR (April 26): Nestlé (Malaysia) Bhd’s net profit for the first quarter ended March 31, 2022 (1QFY22) grew 17.14% to RM205.18 million from RM175.16 million a year earlier underpinned by stronger sales, coupled with lower Covid-19 related expenses.
The improved results were achieved despite the impact of increased commodity prices, as well as the impact of Cukai Makmur (the prosperity tax), said Nestlé in a bourse filing on Tuesday (April 26).
Earnings per share rose to 87.5 sen, compared with 74.7 sen previously.
After 3 years pandemic already end, next year onwards surely is the years of recovery and economy start booming time ! Like previously economy downturn period of: 1)Crisis 1986-1990 start booming 1993 to 1997 2)Crisis 1997-2000 start booming 2003 to 2006 3)Crisis 2006-2010 start booming 2013 to 2016 4)Crisis 2016-2022 start booming 2023 to 2027
So, our economy and KLSE will be spike up like mad start from year 2023 which is next year and i predict our KLSE this round of bull run start 2023 will hit it’s record high of around 2,000 points !
Nestle has tweaked its 2022 sales outlook higher, the world's largest packaged food company said ahead of an investor seminar on Tuesday. "We now expect organic sales growth between 8% and 8.5%. The underlying trading operating profit margin is expected around 17.0%. Underlying earnings per share in constant currency and capital efficiency are expected to increase," it said after forecasting in October organic sales would rise around 8%.
Organic growth, which cuts out the impact of currency movements and acquisitions, was 8.5% in the nine months to the end of September, the highest since 2008.
Nestle also said it had decided to explore strategic options for peanut allergy treatment Palforzia "following slower than expected adoption by patients and healthcare professionals". It expected the review to be completed in the first half of 2023
The revenues and PBT for Nestle for 2022 should be better than for 2021. Still a great company with very strong economic moat. Generating huge free cash flows which were almost all distributed as dividends annually. Continues to grow at high single digit growth rate. Require very little capex, all organically, to grow.
If you have owned this company for many years, you know how rewarding this has been and still is.
Is it not true, that the really big fortunes from common stocks have been garnered by those:
- who made a substantial commitment in the early years of a company in whose future they had great confidence and
- who held their original shares unwaveringly while they increased 10-fold or 100-fold or more in value?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....