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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Nestlé (Malaysia)    NESTLE   MYL4707OO005

NESTLÉ (MALAYSIA)

(NESTLE)
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Nestle Malaysia 1Q Profit Fell 21% on Higher Costs, Lockdown

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05/05/2020 | 02:29am EDT

By Chester Tay

Nestle (Malaysia) Bhd. reported a 21% decline in its first-quarter net profit due to higher commodity costs and lower sales amid the lockdown measures imposed by the government to contain the spread of the coronavirus.

Net profit fell to 186.3 million ringgit ($43.2 million), while revenue declined 1.3% on year to MYR1.43 billion, Nestle said in a stock exchange filing Tuesday.

Measures taken to protect employees' safety and ensure supply of essential foods and beverages during the movement restriction period resulted in higher expenses in the quarter, the food company said.

The company cautioned that disruption from the Covid-19 situation is expected to persist the next few months, compounded by some pressure from unfavorable exchange rates and higher prices for some commodities.

 

Write to Chester Tay at chester.tay@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ (MALAYSIA) -1.83% 139.4 End-of-day quote.-5.17%
THE NEW HOME COMPANY INC. 0.72% 5.7081 Delayed Quote.20.82%
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Financials
Sales 2020 5 567 M 1 344 M 1 344 M
Net income 2020 625 M 151 M 151 M
Net Debt 2020 365 M 88,1 M 88,1 M
P/E ratio 2020 52,8x
Yield 2020 1,88%
Capitalization 32 689 M 7 882 M 7 890 M
EV / Sales 2020 5,94x
EV / Sales 2021 5,69x
Nbr of Employees 4 499
Free-Float 18,5%
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Technical analysis trends NESTLÉ (MALAYSIA)
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus UNDERPERFORM
Number of Analysts 13
Average target price 127,22 MYR
Last Close Price 139,40 MYR
Spread / Highest target 9,04%
Spread / Average Target -8,74%
Spread / Lowest Target -28,0%
EPS Revisions
Managers
NameTitle
Juan Aranols Chief Executive Officer & Executive Director
Zainol Anwar ibni Putra Jamalullail Chairman
Craig Grant Connolly Chief Financial Officer & Executive Director
Alessandro Monica Executive Director-Technical & Production
Frits Wout Marie van Dijk Independent Non-Executive Director
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