The share price of R&B Food Supply Public Company Limited (RBF) has made an all-time high after rising ฿1.40/share or 8.70% to ฿17.50/share as of 11:57 local time in Thailand on March 18, 2021 with a trading value of 465 million baht. The highest share price up to this point was ฿18.20/share and the lowest was ฿16.50/share.
RBF’s share price has been on a rise since March 12, 2021 from ฿14.80/share.
Capital Nomura Securities (CNS) stated that RBF as manufacture and distributes food ingredients has a high net margin of around 15-17% and the business outlook continues on a positive momentum along with a growing customer base and the increase in production capacity.
CNS estimated earnings in 2021 to grow 11% with upside risk from hemp-infused products that the company would benefit from the upstream and midstream.