Showing 1-10 of 168 results
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Minor International Backs Government Efforts
Published on 22/03/2024
» Minor International (MINT)’s Chairperson, Mr. William Heinecke, and Group CEO, Mr. Dillip Rajakarier, recently held discussions with the Prime Minister of Thailand, H.E. Srettha Thavisin. During the meeting, MINT commended the Government for its pro-business and pro-tourism policies, including visa exemptions, tax reduction on alcohol beverage sales, as well as various measures aimed at attracting visitors from around the world to Thailand, such as Formula E racing and the expansion of international airports. MINT's Chairperson expressed confidence in the Government, stating that under the Prime Minister's administration, Thailand has the potential to become the world's number-one tourist destination within two years.
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Higher dividend expected from MINT’s record-high core profit
Published on 13/02/2024
» In a recent financial milestone, Minor International Pcl. (MINT) announced its record-high core profit of THB 7.1 billion for the year 2023, demonstrating a robust operating performance that has exceeded expectations. MINT earlier paid an interim dividend payment of THB 0.25 per share for the financial results in the first half of the year. The annual record-breaking profit announcement has sent a wave of optimism among investors and stakeholders, fuelling speculation that the upcoming dividend payment for 2H23 better-than-expected profit will surpass its first half. This anticipation is bolstered by MINT's strong cash flows from operations and a healthy cash balance of THB 14 billion, even after the repayment of all financial obligations. Such financial stability and growth momentum set a promising outlook for its upcoming dividend payment and future performance in 2024.
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Brokerages pick tourism-related stock winners
Business, Nuntawun Polkuamdee, Published on 31/01/2024
» Brokerages have identified seven tourism-related stocks on the Thai bourse that should be major beneficiaries of the Thailand-China free visa policy signed earlier this week, which is expected to significantly increase arrivals from the mainland this year.
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Minor planning to add 250 hotels
Published on 23/01/2024
» Minor International Plc, one of Asia’s largest hospitality groups, aims to add 250 properties to its global hotel portfolio over the next three years, as the revival of outbound Chinese travellers underpins the strong recovery of global tourism.
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MINT's Strong 2023 Growth, Positive 2024 Forecast Thanks to Tourism Stimulus
Published on 23/01/2024
» Hospitality giant Minor International (MINT) boasted robust 2023 performance and forecast a rosy outlook for this year, thanks in part to the Srettha Thavisin administration’s tourism stimulus measures, particularly the permanent extension of visa exemption for Chinese travelers to Thailand.
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Analysts Bullish on MINT's Undervalued Stock and Growth Prospects
Published on 11/01/2024
» Analysts believe MINT's stock is undervalued despite its strong fundamentals and growth outlook. This follows a substantial debt reduction achieved in December through the repayment using cash flows from operations.
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Visa pact to boost stocks
Business, Nuntawun Polkuamdee, Published on 05/01/2024
» Investors are recommended to gradually buy and accumulate travel stocks as the permanent visa-free arrangement between Thailand and China could drive the number of Chinese visitors to rise by 57% this year, with total foreign arrivals reaching 33 million, according to analysts.
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Thai hospitality groups go global
Business, Molpasorn Shoowong, Published on 02/01/2024
» As the tourism recovery gathers pace across the globe, Thai hospitality groups expanded their presence beyond the domestic market to capitalise on robust demand in many destinations.
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Chinese rebound helps hoteliers
Business, Nareerat Wiriyapong, Published on 27/12/2023
» Chinese tourist arrivals are recovering at a faster pace this month and the momentum is expected to persist through to Chinese New Year on Feb 10, helping local hotels during the high season, say analysts.
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ASPS outlines winners in Easy E-Receipt scheme
Business, Nuntawun Polkuamdee, Published on 11/12/2023
» Stocks in the tourism, packaging, consumer goods and banking sectors are expected to benefit from the government's "Easy E-Receipt" programme that was approved last week by the cabinet in an effort to stimulate domestic spending, according to Asia Plus Securities (ASPS).
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