Latest news for Nestle Malaysia (OTC:NSLYF) Stock

Nestle Malaysia Bhd is a Malaysian investment holding company owned by Nestle. The business activities of the group are functioned through Food and beverages and Others segments. The products offered by the group are related to dairy, beverages, food, Nestle Professional, Nestle Ice Cream, confectionery, chilled dairy, infant nutrition, and health science. The main geography is the domestic market, representing approximately 80% of total sales. The most well-known brands are Nescafe, Maggi, Nespray, Kit Kat, and Milo.

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NSRGY

Nestle S.A. (OTC: NSRGY) CEO Mark Schneider stated that despite the rising use of weight loss medications like Eli Lilly And Company&#39;s (NYSE: LLY) Zepbound and Novo Nordisk&#39;s 

Weight Loss Drugs By Novo Nordisk, Eli Lilly Don&#39;t Deter Nestle&#39;s Coffee Demand - CEO Explains Why

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Product prices of food and beverages manufacturers Nestle S.A.(OTC: NSRGY) (OTC: NSRGF) and Danone (OTC: DANOY) have reportedly risen by more than 10% this year

Nestle, Danone Price Rises To Put Them Under France&#39;s Inflation Scanner: Report

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Nestle Malaysia

Nestle S.A.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSRGY#OTC">NSRGY</a>) CEO Mark Schneider stated that despite the rising use of weight loss medications like&nbsp;Eli Lilly And Company&#39;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) Zepbound and&nbsp;Novo Nordisk&#39;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) Wegovy, the company has not observed any&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/topic/weight-loss" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">decrease in coffee consumption.</a>

&quot;Like many others, at Nestle, we have every reason to greet this exciting new class of drugs with optimism,&quot; Schneider&nbsp;<a class="editor-rtfLink" href="https://www.linkedin.com/pulse/what-does-new-generation-weight-loss-drugs-mean-nestl%2525C3%2525A9-mark-schneider-bcfce%3FtrackingId=4pxcwp4KSO64HyFbnviaFw%253D%253D/?trackingId=4pxcwp4KSO64HyFbnviaFw%3D%3D" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">said</a>&nbsp;in a LinkedIn post.

The executive envisions growth prospects for Nestle in the health science sector, focusing on offering products like protein bars, powders, and drinks tailored for consumers using GLP-1 agonist drugs, Reuters said in a news report.

Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/12/36300585/novo-nordisk-collaborates-with-indias-online-marketplace-to-remove-unauthorized-wegovy-listings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Novo Nordisk Collaborates With India&#39;s Online Marketplace To Remove Unauthorized Wegovy Listings</a>

&quot;This part of Nestle Health Science&#39;s business, which we call &quot;Active Nutrition,&quot; is growing strongly,&quot; Schneider said in the post.

Within Nestl&eacute; Health Science alone, the company already has more than 1.5 billion Swiss francs of revenue from products that provide nutritional benefits suitable to GLP-1 patients.

This business is mainly focused on North America, where GLP-1 adoption is highest.

&quot;We will build on this with a broader geographic rollout as well as additional companion products and offerings,&quot; Schneider said, adding that new launches will happen as soon as next year.

Nestle&#39;s&nbsp;current food and beverage portfolio offers a &quot;strong starting point.&quot; The company aims to redouble its innovation efforts to meet GLP-1 patients&#39; needs.

&quot;Our R&amp;D muscle and innovative spirit will help us capture this opportunity and serve GLP-1 patients in the best possible way,&quot; the LinkedIn post read.

Read Next:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/12/36322149/teslas-battery-partner-panasonic-reportedly-scraps-oklahoma-plant-eyeing-bigger-us-investments" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Tesla&#39;s Battery Partner Panasonic Reportedly Scraps Oklahoma Plant - Eyeing Bigger US Investments?</a>

Price Action:&nbsp;NSRGY shares traded lower by 0.22%&nbsp;to $111.94 on Wednesday.&nbsp;

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Weight Loss Drugs By Novo Nordisk, Eli Lilly Don't Deter Nestle's Coffee Demand - CEO Explains Why

Product prices of food and beverages manufacturers Nestle S.A.(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSRGY#OTC">NSRGY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSRGF#OTC">NSRGF</a>) and&nbsp;Danone&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/DANOY#OTC">DANOY</a>) have reportedly risen by more than 10% this year in France, putting them under the inflation scanner of the country.

The price hike has potentially pressured the companies to renegotiate with French retailers, Reuters&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/retail-consumer/nestle-danone-hikes-may-put-them-frances-inflation-radar-2023-07-25/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported&nbsp;</a>citing data citing relevant data pertaining to the issue.

On June 9, France&#39;s Finance Minister Bruno Le Maire secured an affirmation from 75 food enterprises to slash prices, the report read.

Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30499543/french-minister-warns-europe-not-to-get-embroiled-in-biden-xi-standoff-us-wants-to-oppose-china-we-w" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">French Minister Warns Europe Not To Get Embroiled In Biden-Xi Standoff: &#39;US Wants To Oppose China, We Want To Engage China&#39;</a>

French shoppers have spent more than 20% more for Nestle products each month since January versus last year, the report specified. Price increases of Nestle peaked at 36.6% in May, Reuters noted.&nbsp;

Similarly, shops sold products made by Danone for between 11.2% and 16.7% more than last year in the first six months of the year, the report added.

&quot;Whereas in most countries retailers and food producers adjust the price of products frequently, France has set by law a three-month time window where such negotiations can take place, between December 1 and March 1 every year. Prices are then blocked for a full year unless one-to-one deals include review clauses,&quot; Reuters added.

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