Healthy demand seen

PETALING JAYA: While revenue for the quarter ended Sept 30 has expanded by 17% to RM1.68bil year-on-year (y-o-y) for Nestle (M) Bhd, its net profit has declined by 23.9% to RM112.6mil, of which most analysts attributed to high input costs, rising commodity prices and a weak ringgit.

Research houses have advocated a cautious stance on the stock, believing that the present less-than-favourable operating environment to weigh on Nestle’s margins in the near-term.