Stocks in Focus on December 1, 2023: RBF and TU

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 1, 2023.


Maybank Securities (Thailand) (MST) gave a “BUY” recommendation on R&B Food Supply Public Company Limited (SET: RBF) with a target price at ฿14.50/share.

MST stated that core profit 3Q66 reported a new record high by quarter, surpassing consensus expectations by 9%, supported by robust domestic recovery and strong demand from Chinese and Indian customers, contributing 44% to total revenue. core profit 4Q23F is expected to continue growing.

Additionally, there is positive sentiment from the Index Play perspective that RBF has a chance to be included in the SET100 Index and SET ESG Index in 1H24.


Krungsri Securities (KSS) gave a “BUY” recommendation on Thai Union Group Public Company Limited (SET: TU) with a target price at ฿17.50/share.

KSS stated that tuna price has been trending down, reaching USD1,500/ton at end-November from USD1,600/ton at end-October. This should reduce COGS and lift gross margin for TU from 4Q23 onwards. KSS estimated tuna to contribute about 43% of total COGS.