Stocks in Focus on June 9, 2023: MINT and CRC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 9, 2023.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Minor International Public Company Limited (SET: MINT) with a target price at ฿40.00/share.

FSS expected strong 2Q23 operations from MINT as hotel businesses in Europe should reach its peak season, adding to higher RevPar that has already been 35% above its pre-Covid level in April. Meanwhile, F&B business should see growth in SSSG, while material and electric costs eased.

FSS expected EBITDA margin and normalized profit this year to return to near 2019 level and go beyond by next year. Normalized profit for 2023-24 is estimated at THB 5.5bn (+172% YoY) and THB 7bn (+28% YoY), respectively.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Central Retail Corp Public Company Limited (SET: CRC) with a target price at ฿45.00/share.

Profit momentum for 2Q23 is expected to grow, compared to the same period of last year. SSSG in April benefited from fashion products and tourism, while consumer confidence recovered. Wage hike should boost sales, while the impact to costs is limited.