It’s starting to sound like Minor International (SET: MINT) might be gearing up for a headline-grabbing comeback—and the market is paying attention.
Despite the usual first-quarter drag from Europe’s low season, which normally generates losses, the buzz on the Street is getting louder: MINT’s core earnings for 1Q26 could more than double. Not just a rebound—a potential surge.
Insiders point to at least two heavyweight local brokers, Bualuang Securities and Kiatnakin Phatra Securities, both penciling in a significant profit jump. Bualuang Securities estimates MINT’s 1Q26 earnings to surge from Baht 50 million last year to Baht 150 million, while Kiatnakin Phatra Securities projects the figure of Baht 135 million. Meanwhile, reported profit is expected to track higher than the core earnings from favorable FX movement for MINT. That’s not all—UBS is reportedly still backing MINT as a top pick, citing its resilient European hotel base and some juicy upside catalysts, including the much-talked-about REIT IPO, which will help further deleveraging and what many see as an undemanding valuation.
Behind the scenes, MINT isn’t sitting still. The company has reportedly mobilized a dedicated crisis response team—keeping a close watch on global developments and ready to act fast if needed.
But here’s the kicker: most of MINT’s hotel footprint sits in Europe, where operations are holding steady from strong intra-European travel. Exposure to the Middle East? Limited—and any potential hit is expected to be short-lived.
Even more intriguing—forward booking trends (OTB) are still trending up, especially into the high season in 3Q and 4Q.
Market watchers suggest that MINT could be on the verge of flipping the narrative, potentially transforming into a full-blown growth re-rating story. This development makes the company one to watch closely.
