NESTLE Nigeria on a strong supportNESTLE Nigeria on a strong support level.
What should we make of this asset?
will this level keep it on a buy level?
NESTLE trade ideas
Look for a small buy to the topHello,
Nestlé Nigeria Plc engages in the manufacture, marketing, and distribution of food and beverage products. It operates through the Food and Beverages segments. The Food segment produces and sells food products under the Maggi, Cerelac, Nutrend, Nan, Lactogen, and Golden Morn brands. The Beverages segment offers products under the Milo, Chocomilo, Nido, Nescafe, and Nestlé Pure Life brands.
FY Revenue 446.82 Billion Naira, UP 27%
FY profit 48.97 Billion Naira, UP 22%
Final dividend proposed N36.50K
More info about the company can e found on their website
www.nestle-cwa.com
Good luck.
