RBF-NRF: Same Same, But Different!

NR Instant Produce Public Company Limited (NRF) kicked off its first trading day with an increase of 96.74% from the IPO priced ฿4.60/share before closed its debut date at ฿6.05/share, jumping ฿1.45/share or 31.52% with a trading value of 6,031 million baht.

In the same way as R&B Food Supply Public Company Limited (RBF) started its first trading day with an increment of 23.64% from the IPO priced ฿3.30/share before closed its debut date at ฿4.36/share, jumping ฿1.06/share or 32.12% with a trading value of 2,409 million baht.

And both stocks are in the same sector..! Therefore people compare which one is more interesting or more attractive. 

Though RBF and NRF are in the food sector, they are different in terms of customer base and key businesses. 

RBF’s main food ingredients products are classified into 6 categories; flavour, fragrance & color, food coating, dry, frozen, packaging (plastic) and trading goods, covering both food and beverage segments.

Meanwhile NRF’s products are seasonings, ready-to-eat meal kits, recipe mixes, plant-based foods, instant beverages and water, which has a specific customer group. 

Both RBF and NRF are currently in the growth stage.

RBF is a company with high growth potential, thanks to Covid-19 outbreak that made more people consume at home. The more people stay at home, the more foods and ingredients they order.   

However, RBF has some obstacles, as one of businesses like hotels in Chiang Mai and Chumphon are struggling to survive amid the pandemic, directly affecting the Company’s profit and income. 

If RBF is able to vanish this weakness or turn it to strength, it would provide more attractiveness to RBF.