Minor Intl stock gets fresh growth targets at Investor Day

Published on 10/04/2026 at 21:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Minor Intl stock was last at THB 21.20 on October 2, 2026, as management outlined 15%-20% annual profit growth. First-half net profit rose 13% to THB 3,957 million.

Minor Intl, TH0128B10Z17, Illustration mit AI erstellt.

Minor Intl stock was last at THB 21.20 on the SET on October 2, 2026, with a daily gain of 0.95 percent. At its Investor Day on September 29, 2026, Quartr reported that Minor International was targeting high single-digit revenue growth and 15%-20% annual profit growth over a three-year period.

Investor Day sets a growth test

The strategy centers on asset-light expansion across hotels and restaurants. Minor International is targeting 850 hotels and 4,150 restaurants by 2028, with more than half of its hotel portfolio planned to use the asset-light model, according to Quartr.

The company also targets return on invested capital of 12 percent on a three-year compound annual growth basis. Capital expenditure for 2026 was presented at THB 15-16 billion, with 57 percent allocated to hotel maintenance and upgrades and 18 percent to restaurant expansion.

First half brings higher profit

Minor International reported first-half 2026 revenue of THB 82,765 million, up 3 percent year over year, while reported net profit increased 13 percent to THB 3,957 million. The figures were published in the Q2 2026 earnings summary dated September 14, 2026, by Quartr.

Core revenue reached THB 82,969 million, up 2 percent, and core net profit rose 6 percent to THB 3,658 million. Hotels generated THB 66,057 million in core revenue, up 3 percent, while the food segment reached THB 16,708 million, up 4 percent.

Analyst target stays above the stock

KGI maintained an Outperform rating and a THB 30.00 12-month target on September 29, 2026, against a reference price of THB 21.50. Its published upside was 39.50 percent, leaving the analyst target materially above the SET quote used here.

The comparison matters because Minor International is pairing profit growth with continued investment. The 2026 capital spending plan of THB 15-16 billion is directed primarily toward hotel upkeep, upgrades and restaurant expansion rather than a purely defensive cost program.

Stock holds at THB 21.20

Minor Intl stock was last at THB 21.20 on the SET on October 2, 2026 at 5:03 p.m. ICT, up THB 0.20 or 0.95 percent on the session. Trading volume was 18,008,607 shares, and market capitalization stood at THB 120.0 billion as of the same date.