Nestlé (Malaysia) Berhad has an almost fortress-like moat. It is a brand that consumers trust unless they lose their Halal certification which is unlikely. They also sell a wide variety of products ranging from dairy and coffee to confectionery and ice-cream. Their products are almost available anywhere across cities and towns in Malaysia. This reflects their wide distribution network. Listed on Bursa since 1989, Nestlé Malaysia operates six factories and one distribution centre in Malaysia. It owns more than 30 brands and exports its products to more than 50 countries worldwide. Its business is deep-rooted in Malaysia as observed by MILO celebrating its 70th anniversary in Malaysia in 2020. In fact, Nestlé Malaysia has been operating in the country for more than a century since 1912. Here are six things I learned from the 2021 Nestlé Malaysia AGM. 1. Revenue dropped marginally by 1.9% year-on-year to RM5.4 billion in 2020...