Nestle : Sale of Yinlu: continuing to transform the portfolio
>The stock’s recent underperformance is an opportunity - Buy maintained. The recent weakness in the stock fuelled by the rotation towards value sectors offers an opportunity to return to a group that is demonstrating its resilience in the current context while continuing to transform its portfolio. In this respect, yesterday's announcement of the sale of Yinlu shows that the group is pursuing its strategic refocusing while preserving a certain operational diversificat...Nestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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