[New post] CIMB: Nestle (Malaysia)

alanyeo posted: " Margin pressure likely in 2H21■ We deem 1H21 core net profit of RM295m (+5.9% yoy) to be below ourexpectations, due to weak HORECA sales higher-than-expected costs.■ Despite expecting margin pressure from cost pressures in 2H21, Nestle aimsto mitigate th" Respond to this post by replying above this line New post on Alpha Edge Investing CIMB: Nestle (Malaysia) by alanyeo Margin pressure likely in 2H21■ We deem 1H21 core net profit of RM295m (+5.9% yoy) to be below ourexpectations, due to weak HORECA sales higher-than-expected costs.■ Despite expecting margin pressure from cost pressures in 2H21, Nestle aimsto mitigate the impact via ongoing hedging policies and better cost control.■ Maintain Hold, with lower DCF-based TP of […] Read more of this post alanyeo | August 25, 2021 at 2:06 pm | Tags: Nestle Malaysia | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-3fs Comment    See all comments    Like Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://alphaedgeinvesting.com/2021/08/25/cimb-nestle-malaysia/ Thanks for flying with WordPress.com