OSK Research reiterates a "buy" call on Nestle (M) Bhd, driven by robust consumption for halal products from overseas and its entrenched position to strategically pass down higher input prices to maintain margins.

"Although forecast for profit margin remains prudent, given the high commodity prices, particularly coffee beans, crude palm oil and wheat flour, Nestle will likely pass on prices to end customers as it is one of the largest producers of non-discretionary products," the brokerage said.

The Star Online
By LAALITHA HUNT