Stocks in Focus on November 30, 2021: RBF and EA

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 30, 2021.


KGI Securities has given an “Outperform” rating on R&B Food Supply Public Company Limited (RBF) with a target price at ฿26.50/share.

KGI Securities stated that RBF’s hemp planting is progressing as planned with the first lot of CBD extraction to be produced in January 2022. KGI Securities anticipated hemp; related products to be launched within the first quarter next year.

The company’s 4Q21F earnings are projected to increase both YoY and QoQ on the back of a recovery in domestic demand and continued strong growth in Vietnam and Indonesia. Revenue from the new hemp business and expansion abroad will be major growth drivers for at least the next few years. KGI Securities’ net profit forecasts are unchanged at 460 million baht in 2021F and 1.03 billion baht in 2022F (CAGR 52%).


Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Energy Absolute Public Company Limited (EA) with a target price at ฿90.00/share.

MBKET stated that EA’s business is moving forward to the EV mega trend with a new revenue contribution from EV Bus, which is well-supported by the government sector. The Ultra Fast Charge technology is a perfect fit with the company’s business plan. MBKET expected production capacity for EV Bus will be completely full in four years, according to the government’s plan. The revenue from EV Bus will compensate for lower revenue from electricity.