On Monday at 11:10 AM (Bangkok time), the share price of Minor International Public Company Limited (SET: MINT) surged by 3.62% or THB 0.80 to THB 22.90, with a trading value of THB 341.78 million.
Pi Securities gives a ‘Buy’ recommendation on MINT, with a price target of THB 32.50 per share, noting that MINT’s 2026 earnings are expected to rise, driven largely by plans to launch 50 new hotels, primarily applying an asset-light strategy. The company also benefits from higher average daily rates (ADR), lower interest expenses compared to the previous year, and initiatives to establish a real estate investment trust (REIT).
Meanwhile, Krungthai XSpring Securities projects that MINT’s operational performance in the next two years will see a compound annual growth rate (CAGR) of around 10%, underpinned by an expanding hotel network and continued focus on efficient cost management.
Additionally, MINT is currently exploring REITs with assets valued at no less than $1 billion, aimed at refinancing existing debt and supporting further business expansion. The analyst assigns a fair value estimate for MINT at THB 25.50 per share.
