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REAL-TIME GLOBAL RESEARCH

Nestlé (NESN SW): Buy: Ready for another step forward

Published: 2026-06-29Institution: HSBCPages: 9Original language: EnglishEvidence page: 9

Research evidence excerpt

Nestlé (NESN SW): Buy: Ready for another step forward

nghai Banking Corporation

Limited Singapore Branch's website at www.business.hsbc.com.sg for contact details. In Australia, this publication has been distributed by The Hongkong and Shanghai Banking Corporation Limited

(ABN 65 117 925 970, AFSL 301737) for the general information of its "wholesale" customers (as defined in the Corporations Act 2001). Where distributed to retail customers, this research is distributed

by HSBC Bank Australia Limited (ABN 48 006 434 162, AFSL No. 232595). These respective entities make no representations that the products or services mentioned in this document are available

to persons in Australia or are necessarily suitable for any particular person or appropriate in accordance with local law. No consideration has been given to the particular investment objectives, financial

situation or particular needs of any recipient.

HSBC Securities (USA) Inc. accepts responsibility for the content of this research report prepared by its non-US foreign affiliate. The information contained herein is under no circumstances to

be construed as investment advice and is not tailored to the needs of the recipient. All U.S. persons receiving and/or accessing this report and wishing to effect transactions in any security

discussed herein should do so with HSBC Securities (USA) Inc. in the United States and not with its non-US foreign affiliate, the issuer of this report. HSBC México, S.A., Institución de Banca

Múltiple, Grupo Financiero HSBC is authorized and regulated by Secretaría de Hacienda y Crédito Público and Comisión Nacional Bancaria y de Valores (CNBV). In Brazil, this document has

been distributed by Banco HSBC SA ("HSBC Brazil"), and/or its affiliates. As required by Resolution No.

The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.

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