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Nestlé (Malaysia) Berhad (4707.KL)
| Previous close | 127.60 |
| Open | 127.30 |
| Bid | 126.50 x 0 |
| Ask | 127.90 x 0 |
| Day's range | 127.30 - 127.80 |
| 52-week range | 111.60 - 134.50 |
| Volume | |
| Avg. volume | 112,230 |
| Market cap | 29.922B |
| Beta (5Y monthly) | 0.14 |
| PE ratio (TTM) | 45.41 |
| EPS (TTM) | 2.81 |
| Earnings date | 25 Jul 2024 - 29 Jul 2024 |
| Forward dividend & yield | 5.12 (4.01%) |
| Ex-dividend date | 17 Apr 2024 |
| 1y target est | 129.56 |
ReutersNestle shares post further gains after upbeat CEO comments
Shares in Swiss consumer goods company Nestle posted further gains on Friday morning after a rally a day earlier sparked by upbeat comments from CEO Mark Schneider. Shares in Nestle rose by as much as 2.1% after jumping by more than 3% on Thursday, when Schneider said during a fireside chat with JPMorgan that business was "noticeably picking up pace" after a slow start to the year. Schneider, who said the firm was sticking to its target of around 4% organic sales growth this year, noted that brand support and "significant innovation hitting the shelves" would help underpin strong real internal growth this quarter.
ZacksKRYAY or NSRGY: Which Is the Better Value Stock Right Now?
KRYAY vs. NSRGY: Which Stock Is the Better Value Option?
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JPMorgan double upgraded Unilever, while cutting Nestle
JPMorgan has turned positive on Unilever (LON:ULVR), after several years of caution, but has taken a more cautious view on Nestle (SIX:NESN) as its earnings growth moderates. Unilever has instituted several changes over the past 12 months, analysts at JPMorgan said in a note dated May 23, which have soothed the bank’s concerns, including cultural change and corporate governance; market share underperformance through increased investments and execution focus; and portfolio transformation with disposals. This feeds a stronger FY24, and should give credence to Unilever is on the path to turnaround and contribute to the stock re-rating along with positive earnings revision.
