Nestle's long-term growth remains intact, says Affin Hwang

KUALA LUMPUR: Nestle (Malaysia) Bhd's long-term growth capabilities are intact as it commits itself to future capacity expansion with the highest capex allocation in years, says Affin Hwang Capital Research.

According to the research house, Nestle is set to allocate RM280mil in capex, its highest in six years.