MINT Outperforms SET with a Gain amid Concerns over Coronavirus Cases and Economy

The share price of Minor International Public Company Limited (MINT) rose on Thursday despite a falling SET Index over concerns of the newfound coronavirus case in Thailand, and the weighing on the U.S. economic outlook by the Fed.

 

As of 12:00 local time in Thailand (GMT+7), MINT’s share price increased ฿0.20/share or 1.02% to ฿19.80/share with a trading value of 490 million baht.

Mr. Chaiyapat Paitoon, Chief Strategy Officer of MINT, stated that the company is confident that the business in 2H would show better growth compared to the first half of 2020 while hotels in Phuket and Samui returned to their normal operations. Mr. Chaiyapat added that the company has no investment plan in the second half of 2020.