ASL Securities reported that MINT’s 3Q24 performance was still in a positive trajectory, attributed to revenue from operations in Europe after the 2024 Paris Olympics, while the company also prepared to enter into the high season in Thailand and Maldives during the 4Q24.
For the overall outlook, Bloomberg consensus estimated MINT to record a net profit of THB 8.1 billion in 2024, a 28% decline compared to the same period last year, and THB 9.2 billion in 2025, a 14.8% increase from the same period last year, with an average target price at THB 39.18 per share.
MINT is expected to benefit from the easing cycle of interest rates in Europe, alleviating costs concerns. The company is one of the target stocks to be included in the Vayupak Fund, while the current valuation is appealing for accumulation.
The analyst gave a strategic target price for MINT at THB 33.75 per share.
