The share price of Minor International Pcl. (SET: MINT) rose THB0.75/share, or 2.29%, to THB33.50/share, with a trading value of THB365 million.
After revising up MINT’s earnings outlook in 2023, Pi Securities maintained its call on MINT at “BUY,” with a target price of THB41.00. This year, MINT’s profits are projected to increase by 11% as the company’s hotel business continues to expand thanks to the booming tourism industry. While the restaurant industry bounced back strongly, particularly in China.
Meanwhile, Krungsri Securities anticipated that the cut in the Ft rate to THB0.98 would be slightly favorable to hotels and retailers like MINT. Due to its attractive valuation, Krungsri has made MINT its top pick for a long-term investment in the tourism industry.
