Stocks in Focus on December 18, 2023: RBF and CRC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 18, 2023.


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

MST stated that 3Q23 earnings were higher-than-expected with growth in domestic and international sales, which are expected to continue in 2024, boosted by exports to China and India.

GPM is expected to recover from product mix and lower material costs. Bloomberg consensus estimated net profit for 2023-24 to grow 42% and 19%, respectively.

Moreover, MST noted that RBF has ESG rating at BBB and believed it could be included in SETESG Index in 1H24 calculation.


Krungsri Securities (KSS) has given a “BUY” recommendation on Central Retail Corp Public Company Limited (SET: CRC) with a target price at ฿44.00/share.

KSS recommended investors to accumulate CRC ahead of Easy e-Refund implementation early next year, which will allow deductibles of up to Bt50,000 spending per head. CRC will be the biggest gainer through sales of fashion goods, electrical appliances (Power Buy), and building materials (Thai Watsadu).