Business description: Minor International

Minor International Public Company Limited is a Thailand-based company engaged in the investment activities and hotel and restaurant operations carried out in Thailand. The Company segments include Hotel, Mixed use and Restaurant. It has a portfolio of over 530 hotels and serviced suites under the Anantara, Avani, Oaks, Tivoli, NH Collection, NH, nhow, Elewana Collection, Four Seasons, St. Regis, JW Marriott and Radisson Blu brands in 55 countries across Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas. It also has over 2,600 outlets operating system-wide in 24 countries under The Pizza Company, Swensen’s, Sizzler, Dairy Queen, Burger King, Thai Express, The Coffee Club, Bonchon, Riverside, Coffee Journey, GAGA and Benihana brands. In addition, it operates mixed-use businesses, which include real estate business, comprising sale of residential development, Anantara Vacation Club, retail plaza and entertainment businesses and dining restaurants.

Sales by Activity: Minor International

Fiscal Period: December 2020 (THB) 2021 (THB) 2022 (THB) 2023 (THB) 2024 (THB)

Hotel

- 45.89B 89.01B 113B 125B

Hotel & Spa

31.32B - - - -

Restaurant

20.92B 21.61B 27.23B 30.51B 31.51B

Mixed Use and Others

- - - - 10.17B

Mixed Use

3B 6.12B 5.8B 7.85B -

Elimination

-200M -164M -309M -908M -1.21B

Retail

3.65B 2.75B 2.47B 2.13B -

Geographical breakdown of sales: Minor International

Fiscal Period: December 2020 (THB) 2021 (THB) 2022 (THB) 2023 (THB) 2024 (THB)

Europe

20.16B 35.9B 69.2B 86.67B 87.84B

Thailand

21.67B 19.04B 26.51B 32.21B 34B

Australia and New Zealand

6.12B 7.92B 11.19B 13.76B 14.16B

Others

4.93B 6.06B 8.57B 10.63B 12.32B

Latin America

1.68B 1.19B 2.01B 2.3B 9.96B

Maldives and Middle East

1.29B 1.77B 2.94B 3.01B 3.58B

The People's Republic of China

2.84B 4.34B 3.8B 4.47B 3.5B

Executive Committee: Minor International

Manager TitleAgeSince
Chief Executive Officer 61 2019-12-31
Director of Finance/CFO 54 2022-03-31
Chief Operating Officer 51 2021-12-31
Chief Tech/Sci/R&D Officer 52 -
Chief Investment Officer 43 2014-12-31

Composition of the Board of Directors: Minor International

Director TitleAgeSince
Chairman 76 1978-08-31
Director/Board Member 61 1997-04-28
Director/Board Member 55 2013-11-10
Director/Board Member 62 2016-01-21
Director/Board Member 69 2017-04-03
Director/Board Member 53 2018-05-22
Director/Board Member 69 2020-06-18
Director/Board Member 52 2022-04-21
Director/Board Member 72 2022-05-19

Shareholders: Minor International

NameEquities%Valuation
Minor Holdings (Thai) Ltd.
17.43 %
916,556,730 17.43 % 667 M ฿
14.66 %
770,798,525 14.66 % 561 M ฿
10.62 %
558,134,428 10.62 % 406 M ฿
Banque Pictet & Cie SA
3.854 %
202,602,593 3.854 % 147 M ฿
3.587 %
188,562,074 3.587 % 137 M ฿
NameEquities%Valuation
JPMorgan Asset Management (Singapore) Ltd.
0.1179 %
6,197,900 0.1179 % 5 M ฿
OP Asset Management Ltd.
0.0917 %
4,823,461 0.0917 % 4 M ฿
State Street Global Advisors Ltd.
0.0495 %
2,604,018 0.0495 % 2 M ฿
Sumitomo Mitsui Trust Asset Management Co., Ltd.
0.0163 %
857,262 0.0163 % 623 907 ฿
abrdn Alternative Investments Ltd.
0.0162 %
852,000 0.0162 % 620 077 ฿
NameEquities%Valuation
Nordea Investment Management AB
0.2372 %
12,470,300 0.2372 % 10 M ฿
JPMorgan Asset Management (Singapore) Ltd.
0.1915 %
10,068,800 0.1915 % 8 M ฿
Storebrand Asset Management AS
0.1142 %
6,006,450 0.1142 % 5 M ฿
TT International (Hong Kong) Ltd.
0.0556 %
2,925,100 0.0556 % 2 M ฿
Nomura Asset Management Singapore Ltd.
0.03 %
1,578,300 0.03 % 1 M ฿

Holdings: Minor International

NameEquities%Valuation
417,728,222 95.87% 3 193 M $
185,030,705 36.17% 57 M $

Company details: Minor International

Minor International Public Co., Ltd.

88 The Parq Building

10110, Bangkok

+66 2 365 7500

http://www.minor.com
address Minor International(MINT)

Group companies: Minor International

NameCategory and Sector
Hotels/Resorts/Cruise lines
Hotels/Resorts/Cruise lines
NH Europa SL

Other Hotels, Motels & Cruise Lines

Change 5d. change 1-year change 3-years change Capi.($)
0.00%+3.41%+0.98%-24.26% 4.66B
-0.17%+12.67%+17.84%+109.34% 95.22B
+0.44%+6.74%+21.55%+120.92% 75.24B
-0.79%+6.54%+7.72%+119.72% 22.04B
-0.25%+8.01%+3.84%+54.10% 16.05B
-1.34%+3.79%-3.73%+64.46% 13.73B
+0.71%+3.82%-8.95%+118.61% 11.04B
-2.23%+2.39%+31.07%+74.38% 4.76B
-0.71%+2.47%+12.35%+1.75% 4B
-0.83%+6.19%-18.37%-58.97% 2.48B
Average -0.52%+5.03%+6.43%+58.01% 24.92B
Weighted average by Cap. -0.12%+8.28%+14.28%+101.57%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
25.75THB
Average target price
34.42THB
Spread / Average Target
+33.66%

Quarterly revenue - Rate of surprise

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