PETALING JAYA: Things are starting to look up for Nestle (M) Bhd
, the purveyor of Milo chocolate malt drinks and Maggi noodles, as lower commodity prices, a combination of wage growth and government support measures and the decline of boycotts drove earnings in the second quarter ended June 30, 2025 (2Q25).
While analysts remain cautious of the company’s outlook, CIMB Research, which has maintained a “hold” call on the stock with a target price (TP) of RM86.20, expects gradual demand recovery as consumer sentiment normalises amid fading boycott impact as well as likely improvements in exports leveraging on its place as Nestle SA’s global halal hub.
