บทวิเคราะห์ (Research)

MINT : Earnings Preview - Expect profit to rise yoy and qoq in 4Q24 4Q24F core profit should rise yoy and qoq driven by robust hotel operations across Europe, Thailand, and the Maldives, margin expansion, and smaller interest expenses following large loan repayments. These positive catalysts should support 10% p.a. growth (CAGR) in core profit over FY25-27F. We maintain a BUY rating and Bt38 TP for MINT. Valuation is attractive at 1.2x PBV and 7x EV/EBITDA for FY25F, which is at a discount to peers