RBF Gains 3% to THB 13.40, Moving Closer to Target of THB14 by LHS

The share price of R&B Food Supply Public Company Limited (SET: RBF) rose 0.40 or 3.08% to THB 13.40/share, with a trading value of THB 140.31 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.