InnovestX Securities recommended investors purchasing shares of Minor International Public Company Limited (SET: MINT), identifying the stock as undervalued and a target for the ThaiESGX fund, which prioritizes investments adhering to Environmental, Social, and Governance (ESG) principles. MINT has achieved an AA rating in the SET ESG Rating.
The analyst foresees that by 2025, MINT’s normalized profit will grow by 10% from the previous year, reaching 9.2 billion baht.
For the first quarter of 2025, the company is expected to demonstrate slight growth in normalized profits compared to the same period last year, though there will be a decline from the previous quarter, due to the low season affecting the hotel business in Europe, impacting short-term revenues.
Nevertheless, MINT’s hotel business in Thailand remains robust, and reduced financial costs due to declining interest rates are expected to stabilize the company’s performance.
