KUALA LUMPUR: Nestle Malaysia Bhd could be faced with weak domestic sales and exports as the Covid-19 pandemic continues to impact global demand over the near term, says Maybank Investment Bank research.
The research house lowered its earnings forecast for FY20-22 by -6%, -5% and -5% on expectations of a weaker revenue environment. It reduced the target price for the stock to RM102.50 from RM108.20 previously.
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