MINT Announces a THB0.25 Interim Dividend Payout with an XD Date on 31 Aug

Minor International Pcl. (SET: MINT) announced on Friday the payment of a THB0.25 per share interim dividend based on the operating results for the first six months of 2023.

The Ex-dividend date (XD) is set for 31 August 2023. The payment of the dividend will be made on 15 September 2023.

In 2Q23, MINT reported record core profit of THB3.0 billion, representing a 148% YoY increase from 2Q22 and was 52% above pre-COVID 2Q19. The results reflected continued global recovery momentum in both hotel and restaurant sectors post-COVID.

Following an analyst meeting on Thursday, several brokerages reaffirmed a “BUY” recommendation for MINT, indicating optimism about the company’s performance in 3Q23 and setting a target price of THB40.0-THB43.0 per share.