KUALA LUMPUR: Maybank IB Research is maintaining its Hold call on Nestle Bhd with the target price cut to RM63.60 from RM68 based on 23 times price-to-earnings ratio for 2015.
This follows the lowering of FY15/16 net profits forecasts by 8%-7% after factoring in weaker export sales, said the research house.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!