The share price of RS Public Company Limited (RS) rose ฿1.25/share or 4.55% to ฿28.75/share with a trading value of 998 million baht as of 11:37 local time in Thailand on March 31, 2021.
KTB Securities (Thailand) (KTBST) stated that RS share price edged higher in today’s trading session with a solid trading volume, which could be a buying pressure for speculation after the announcement of the company to debut its new hemp-related products tomorrow.
KTBST gave a “BUY” recommendation on RS with a target price at ฿31.00/share, citing the company’s successful history on introducing new products which raised investors confidence. The same outlook also implied to its hemp-related products, being trendy in the community right now. However, KTBST stated that RS’ earnings may not show a significant growth as of now.