Nestle Malaysia emerges as top gainer in early trade on stronger 3Q performance

KUALA LUMPUR, Oct 28 — Nestle Malaysia Bhd shares surged as the top gainers in early trade following a robust performance in the third quarter ended September 30, 2026 (3Q 2026). The company's net profit soared to RM197.51 million in 3Q 2026, up significantly from RM114.04 million in the same period a year prior. The improvement was fueled by heightened sales, with revenue climbing 5.3 per cent to RM1.86 billion in the quarter from RM1.76 billion in the previous year.

This growth was attributed to robust domestic demand across key categories, a result of the company's ongoing innovation and efficient commercial strategy, according to a Bursa Malaysia filing. RHB Investment Bank Bhd expressed confidence in Nestle Malaysia's continued recovery, citing supportive fiscal policies, increasing consumer confidence in its brands, and disciplined cost management to safeguard profit margins.

The bank reaffirmed its 'buy' rating and set a new target price of RM130 per share for the company. By 10:08am, Nestle Malaysia's shares climbed RM4.60 to RM98.88, with a trading volume of 30,800 shares.