Nestle Malaysia emerges as top gainer in early trade on stronger Q3 performance
KUALA LUMPUR: Nestle (Malaysia) Bhd shares emerged as top gainer in early trade today following a stronger performance in the third quarter ended Sept 30, 2026 (3Q 2026).
KUALA LUMPUR: Shares of Nestle (Malaysia) Bhd surged as the leading gainers in early trading on Wednesday, following a robust third quarter performance. In 3Q 2026, the company's net profit climbed to RM197.51 million, a significant increase from RM114.04 million in the same period a year prior. This growth was fueled by enhanced sales, while revenue rose 5.3 percent to RM1.86 billion from RM1.76 billion in the prior quarter.
The improvement was attributed to robust domestic demand across key product categories, driven by Nestle's ongoing innovation and efficient commercial strategies, as stated in a Bursa Malaysia filing. RHB Investment Bank Bhd expressed confidence in Nestle Malaysia, predicting continued growth powered by favorable fiscal policies, positive consumer sentiment towards the brand, and tight cost management to preserve profit margins.
The analysts reiterated their "Buy" recommendation, setting a new price target of RM130 per share. By 10:08 AM, Nestle Malaysia's shares had climbed RM4.60 to RM98.88, with 30,800 shares exchanged throughout the trading session.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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