Stocks in Focus on November 21, 2022: RBF and BDMS

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 21, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on R&B Food Supply Public Company Limited (SET: RBF) with a target price at ฿14.00/share.

RBF had a bullish view of the solid 4Q22 operating outlook after its customers introduced new products. Also, RBF benefits from the reopening and the robust growth in the pet food sector (since it sells flavors to them.) In 2023, the international markets, such as India and Vietnam, and CBD should become clearer, while wheat flour costs should ease in 1H23 after the depletion of its high-priced inventory. FSS viewed the profit have seen its bottom in 2022 and should resume a high growth of 40% Y-Y in 2023. FSS maintained its target price of Bt14. Since the upside remains narrow, FSS rated RBF as Trading BUY.


KGI Securities (KGI) has given an “Outperform” rating on Bangkok Dusit Medical Services Public Company Limited (SET: BDMS) with a target price at ฿36.20/share.

BDMS is expected to see continued improvement in 4Q22F and over the next few years, led by the return of Thai and non-Thai patients with the improvement in the COVID-19 situation, strong healthcare platform and expansion of preventive care. KGI raised its full- year forecasts to net profits of Bt12.75bn (+60.6% YoY) for 2022F and Bt13.73bn (+7.7% YoY) for 2023F. KGI maintained a rating of Outperform with a new 2023 DCF-based target price of Bt36.50, from Bt36.20.