Stocks in Focus on September 4, 2023: GUNKUL and RBF

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 4, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Gunkul Engineering Public Company Limited (SET: GUNKUL) with a target price at ฿4.00/share.

MST stated that GUNKUL is still moving forward with its renewable energy from 2022-2030. The brokerage company expected GUNKUL to sign a PPA in 2H23 with a capacity of 832MW that the company won the bid to add up to its existing capacity.

MST noted that when the timeline for the second bidding of renewable projects worth 3668.5MW, it will be a positive sentiment to GUNKUL.


KGI Securities (KGI) has given an “Outperform” rating on R&B Food Supply Public Company Limited (SET: RBF) with a target price at ฿12.80/share.

KGI stated that it had a positive view toward RBF after the company’s analyst meeting as overseas sales are expected to continue to show strong momentum in the next few years. RBF is gaining new customers in potential markets such as China, India and Indonesia. Meanwhile, its GPM should improve from better product mix and lower flour price.

KGI reiterated its positive view on RBF’s earnings in 2023F and 2024F and expected net profit growth of 37% and 22%, respectively. RBF is one of its top picks in the food and beverage sector.