MINT Soars 20% to ฿22, Hoping the Returning Demand to Come after Successful Vaccine

The share price of Minor International Public Company Limited (MINT) rose ฿3.70/share or 20.22% to ฿22.00/share with a trading value of 3,482 million baht as of 11:09 local time in Thailand. The highest share price as of now was ฿22.80/share and the lowest was ฿21.60/share.

 

Krungsri Securities has given a “BUY” recommendation on MINT with a target price at ฿21.00/share, buoyed by the report of Pfizer’s vaccine development, even though MINT still underperformed the most in SET100 with a plunge of 49% this year.

 

NH Hotel, an multinational hotel company headquartered in Madrid, is expected to report 3Q20 earnings on November 11, 2020. MINT holds a portion of 94.1% in NH Hotel. In 2019, Hotel & Mixed-use business contributed 76% to MINT’s core revenue, while the main income for MINT’s Hotel & Mixed-use business comes from NH Hotel.