ASL Securities Co., Ltd. has outlined in its analysis that it has an optimistic outlook on Minor International Public Company Limited (SET: MINT) the final quarter with expected continuous growth due to the high season in Thailand’s tourism sector.
The firm underlined MINT’s third-quarter results for 2024 that showed operating revenue of THB 42 billion, marking a 5% increase compared to the same period last year. This growth is driven by the continuous positive trend in the hotel segment, evidenced by a 9% rise in Revenue per Available Room (RevPar) and a 7% increase in Average Daily Rate (ADR) fueled by the European travel season. Although Thailand is in the low season, it benefits from strong demand in the business and leisure…
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