On Friday, the share price of Minor International Public Company Limited (SET: MINT) at the time of 4:12 p.m. was at THB 24.70, a THB 0.80 or 3.35% increase with a total trading value of 1,744.61 million.
Kingsford Securities has given a “Buy” recommendation for MINT in its recent analysis note, setting a target price at THB 31.40 according to the IAA Consensus. The firm views MINT’s hotel business as benefiting from the easing tensions in the Middle East, which has positively impacted the travel and tourism atmosphere.
Meanwhile, the restaurant segment is expected to see increased vibrancy, supported by activities surrounding the FIFA World Cup and the anticipated boost for restaurant sales in Thailand from the “Thai Chuay Thai Plus” economic stimulus package, designed to spur domestic spending.
Operating performance in the second quarter of 2026 is projected to improve both year-on-year and quarter-on-quarter, bolstered by Europe’s peak travel season and rising intra-regional travel among Europeans.
Additionally, MINT is set to benefit from its plans to establish a real estate investment trust (REIT) focusing on its hotel business, with an initial public offering (IPO) on the Singapore Stock Exchange scheduled for the fourth quarter of 2026. The company also plans to list its Minor Food business in the stock market in the near future.
MINT is targeting growth over the next three years (2025–2028), projecting average annual revenue growth in the high single digits. Market forecasts indicate that MINT’s net profit for 2026 will reach THB 9,846 million, up 9% from the previous year, and THB 10,935 million in 2027, marking an 11% increase year-on-year.
