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

NESTLÉ (MALAYSIA)

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Nestle Malaysia : MILO® UHT Teams Up with 99 Speedmart

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09/10/2020 | 05:20am EDT
The CAREton Project to collect 400,000 drink packs by end 2020 at 99 Speedmart
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Thu, 09/10/2020 - 04:08

SELANGOR, September 9, 2020 - MILO® UHT today announced a new partnership to recycle 400,000 used beverage cartons by end 2020 with 99 Speedmart as part of the efforts to expand the reach of the CAREton Project.

Launched in 2012, the CAREton Project is a collaboration between MILO® UHT and Tetra Pak® to collect used beverage cartons to be recycled into 'green' roofing tiles and panel boards for the community. This year, with the support of 99 Speedmart, MILO® UHT aims to expand further the reach of the project. A pilot phase will commence in one hundred 99 Speedmart outlets in Klang Valley, with CAREton recycling bins in each location for use by the local community and 99 Speedmart customers.

[From left, back row] Mr. Yong Eng Kwang, Branches Operation General Manager of 99 Speedmart, Mr. Chew Soi Ping, Executive Director, Sales of Nestlé Malaysia and Singapore and Ms. April Wong, Business Executive Officer, Ready To Drink Business, Nestlé (Malaysia) Berhad joining [from left, front row] Mr. Lee Thiam Wah and Mr. Juan Aranols handing over a CAREton bench, made out of recycled used beverage cartons.

Mr. Juan Aranols, Chief Executive Officer, Nestlé (Malaysia) Berhad said, 'Achieving a waste-free future will require to scale up and the CAREton Project is a great example of collaborative action achieving tangible results. We have successfully collected over 95 million drink packs since 2012 helping to build over 250 homes from this programme alone. The steps are simple, first - push the straw back into the pack, flip, flap, flat and drop it off at any of our collection points. With the support of 99 Speedmart, the network of collection points will widen considerably. We will continue to drive the recycling agenda forward to build a more sustainable future.'

Mr. Lee Thiam Wah, Founder and Managing Director of 99 Speedmart said, 'We are thrilled to be a part of the CAREton Project, which provides us with the opportunity to drive environmentally-friendly behaviour among our customers. We hope that this joint effort will encourage the community to start recycling their used drink packs in the CAREton recycling bins which will be conveniently located in front of selected 99 Speedmart stores.'

[From left] Mr. Juan Aranols and Mr. Chew Soi Ping demonstrating the simple steps to recycle MILO® UHT drink packs.

Consumers can drop off their used drink packs at CAREton recycling bins located at selected 99 Speedmart outlets in Klang Valley. To find the nearest location for CAREton recycling bins, visit the website at http://recycle-easy.com.my. For those interested in becoming a CAREton collection partner, details are also available on this website.

For more information on the CAREton Project, please visit https://www.milo.com.my/careton-project.

-END-

About MILO®
MILO®, the leading nutritious chocolate malt beverage in Malaysia was introduced in 1950 and has been known for its unique taste that Malaysians love. Packed with natural goodness of malt, milk and cocoa, enriched with Activ-Go®; a unique blend of vitamins and minerals, MILO® is the most popular beverage in Malaysia and has fuelled generations of champions.

About Nestlé Malaysia
Nestlé, the world's largest food and beverage manufacturer and a leader in Nutrition, Health and Wellness, is headquartered in Switzerland. Since 1866, Nestlé has been committed to providing high quality, tasty, safe and nutritious products to our consumers, in line with our promise of Good Food, Good Life. Nourishing Malaysians since 1912, Nestlé has earned the trust of our consumers through our quality brands and products, as well as our commitment to improve the lives of the communities in which we operate. At Nestlé, our consumers are at the heart of everything we do. We aim to delight our consumers by offering the best quality products; staying true to our Swiss roots while maintaining our Halal excellence and integrity. To learn more about how we have been nourishing Malaysians for over a century, do visit www.nestle.com.my or our Facebook page at http://www.facebook.com/Nestle.Malaysia

For more information, please contact:

Maxine Lim
Nestlé (Malaysia) Berhad
Tel: (+603) 7965 6650
Mobile: +6012-353 1337
E-mail: Max[email protected]

Alya Nurina or Yasmin Kadir
acorn communications
Tel: (+603) 7958 8348
Mobile: ++6010 -221 8216 (Alya) or
+6017 237 9048 (Yasmin) E-mail: [email protected]

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Disclaimer

Nestlé (Malaysia) Bhd published this content on 10 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2020 09:19:03 UTC


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Sales 2020 5 567 M 1 345 M 1 345 M
Net income 2020 625 M 151 M 151 M
Net Debt 2020 365 M 88,2 M 88,2 M
P/E ratio 2020 53,8x
Yield 2020 1,85%
Capitalization 33 299 M 8 027 M 8 043 M
EV / Sales 2020 6,05x
EV / Sales 2021 5,79x
Nbr of Employees 4 499
Free-Float 18,5%
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Mean consensus UNDERPERFORM
Number of Analysts 13
Average target price 127,22 MYR
Last Close Price 142,00 MYR
Spread / Highest target 7,04%
Spread / Average Target -10,4%
Spread / Lowest Target -29,4%
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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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