RBF Jumps Nearly 5% as LHS Expects Demand to Recover Following Economic Reopening

The share price of R&B Food Supply Public Company Limited (SET: RBF) closed in the morning session on December 2, 2022, was increased THB 0.60/share or 4.84% at THB 13.00/share. The highest price was at THB 13.00 per share, and the lowest at THB 12.50 per share, with a trading value of THB 68.92 million.

Land and House Securities (LHS) said in a research, that the profit forecasts  in the fourth quarter of 2022 will increase from the previous quarter and the same period a year earlier. Food product group was selling much better according to the demand of the restaurant that grew following the tourist factor. LH expects this to support the profit in 2022 and 2023, with an averaged growth of 25%, LH recommends the target price of 14 baht.