NRF Skyrockets 13%, Expecting to Promote Plant-Based Foods during Vegetarian Festival

The share price of NR Instant Produce Public Company Limited (NRF) rose ฿0.75/share or 13.64% to ฿6.25/share with a trading value of 1,012 million baht.

 

Mr. Dan Pathomvanich, CEO of NRF, stated that The Nine Emperor Gods Festival (Vegetarian Festival) is a great opportunity to promote NPF’s products in plant-based food categories that can be found in supermarkets throughout the festival.

Mr. Pathomvanich projected NRF’s sales revenue to reach 3,000 million baht within 3-4 years as he believed in a solid demand from consumers for ethnic products. Moreover, the company also invested in other manufacturers, which would reflect in NRF’s consolidated financial statement. Meanwhile, the newly constructed factories in the U.S. and UK to support flooding demand from consumers will have a significant impact on the company as well.