NRF Jumps 12%, Analyst Recomm. “BUY” with TP ฿of 9.80 on Strong Rebound Forecast in 2Q
NRF rose ฿0.95/share or 11.95% to ฿8.90/share as of 15:53 local time in Thailand, with a trading value of 224 million baht.
The share price of NR Instant Product Public Company Limited (NRF) rose ฿0.95/share or 11.95% to ฿8.90/share as of 15:53 local time in Thailand, with a trading value of 224 million baht.
Bualuang Securities expected to see strong rebound from NRF in 2Q21 driven by a record sales volume, solid gross profit margin and lower SG&A to total revenue, as well as positive performance from Prime Labs. GPM is estimated to improve year over year while staying flat quarter over quarter.
Hence, revising up a recommendation from Hold to “BUY” with a target price of ฿9.80/share.
