MINT Gains 5% as Concerns over Omicron Strain Ease

The share price of Minor International Public Company Limited (SET: MINT) closed THB1.25/share or 4.50% higher at THB29.00/share in the morning session of Tuesday, December 7, 2021, with a trading value of THB893 million. 

The movement of MINT’s share price was in a slump in a couple of weeks as of late, pressured by a profit taking after the reopening on November 1, 2021 and the coming of the new coronavirus omicron variant that shook the whole market last week.

Country Group Securities stated that the share price of MINT was impacted by the COVID-19 omicron variant after detecting cases in Europe, which is the major contribution for MINT’s income. However, the analyst added that the situation started to improve and the share price started to recover, which resulted in the reoperation of all MINT’s business sectors, including hotels, restaurants, and clothing stores. Recommend “BUY” with a target price of THB38.