[New post] CIMB: Nestle Malaysia – HOLD TP RM136.60 (Previous RM135.40)

alanyeo posted: " Tax headwinds to hit FY22F earnings 9M21 core net profit of RM458m (+7.1% yoy) was in line (at 75% of both our and Bloomberg consensus' full-year estimates).With the implementation of a sugar tax on pre-mixed beverages, we estimate that up to 25-30% o" New post on Alpha Edge Investing CIMB: Nestle Malaysia – HOLD TP RM136.60 (Previous RM135.40) by alanyeo Tax headwinds to hit FY22F earnings 9M21 core net profit of RM458m (+7.1% yoy) was in line (at 75% of both our and Bloomberg consensus' full-year estimates). With the implementation of a sugar tax on pre-mixed beverages, we estimate that up to 25-30% of Nestle's sales will be impacted. We expect "Makmur tax" to lower […] Read more of this post alanyeo | November 3, 2021 at 4:22 pm | Tags: Nestle Malaysia | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-5Pe Comment    See all comments 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: https://alphaedgeinvesting.com/2021/11/03/cimb-nestle-malaysia-hold-tp-rm136-60-previous-rm135-40/