R&B Food Supply Public Company LimitedRBF
▲ PositiveCapitalrelevance
Yuanta maintains Buy with strong Q3 profit growth forecast and raised fair value.
Impact on stocks 1
Consumer Staples
R&B Food Supply Public Company LimitedYuanta Securities maintains a "Buy" recommendation on RBF, with preliminary Q3 2026 normal profit estimated at 160-170 million baht, flat to slightly up quarter-on-quarter and showing strong year-on-year growth, driven by robust overseas revenue, especially in India which grew 50% after the factory opening. Domestic revenue is recovering thanks to the Thai Help Thai Plus project and easing oil prices. Gross margin is expected at 38%, flat to slightly higher. The research department maintains its 2026 normal profit forecast at 598 million baht, up 35.5%, and 2027 at 669 million baht, up 11.8%, reaching a new high. The end-2027 fair value is 6.80 baht, implying PER of 16.4 times and 14.7 times, respectively. It also notes the stock offers a dividend yield of approximately 4% per year.
R&B Food Supply Public Company LimitedYuanta maintains Buy with strong Q3 profit growth forecast and raised fair value.