Minor International Public Co., Ltd.


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  • 1y
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Mar 20, 2018
Prev close: 38.75
Mar 20, 2018
Market cap:
Market cap(USD):
Shares: 4,618.91M

Currency in THB

Company profile

Market(Ticker): BKK(MINT)
Consumer Services
Full time employees: --

Business summary

Minor International Public Co., Ltd. engages in the ownership and operation of hotels and resorts. It operates through four segments: Hotel and Spa, Mixed Use, Restaurant, and Retail. The company was founded in 1978 and is headquartered in Bangkok, Thailand.

Company background

Minor International is a Thai conglomerate that runs hotels and restaurants in and outside its home market. Its network, built up through an aggressive acquisition strategy, includes more than 100 hotels and nearly 1,600 restaurants.

CEO William Heinecke founded the company in 1978, with a small hotel in Thailand's resort area of Pattaya. He expanded into the food business with a pizzeria in 1980.

Heinecke, born in the U.S. in 1949, moved to Thailand with his parents when he was still a student. He made the country his home and eventually gave up his American citizenship. Heinecke also serves as an independent director of Indorama Ventures, a Thai maker of polyethylene terephthalate, better known as PET.

Currently, Minor draws about half of its revenue from hotels and about 40% from restaurants. The rest comes from retail trading.

Under licenses, the company operates hotels of global brands including Marriott and Four Seasons, alongside its own chains, such as Anantara and Avani. In 2011, it acquired a majority stake in Australia's Oaks Hotels and Resorts.

Along with its own pizza chain, Pizza Company, Minor owns the master franchise rights of U.S. ice cream parlor Swensen's in 32 countries.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 53,336.27M
Gross profit 29,168.83M
Operating income 2,905.26M
Income before tax 5,332.77M
Net income 5,415.39M
EBITDA 6,924.92M
Diluted EPS 1.21
Dividends per share 0.4
Total assets 118,443.55M
Total liabilities 68,422.62M
Total equity 47,328.59M
Operating cash flow 7,273.08M

Currency in THB

Revenue 1,571.78M
Gross profit 859.58M
Operating income 85.61M
Income before tax 157.15M
Net income 159.58M
EBITDA 204.07M
Diluted EPS 0.03
Dividends per share 0.01
Total assets 3,634.35M
Total liabilities 2,099.49M
Total equity 1,452.24M
Operating cash flow 214.33M

Currency in USD

Valuation measures

Dec 2017

PER 35.88
ROA 4.77%
ROE 12.78%
Operating margin 5.44%
Profit margin 10.15%

Key executive

  • Chairman & Chief Executive Officer: William Ellwood Heinecke
  • Chief Operating Officer & Director: Emmanuel Jude Dillipraj Rajakarier
  • Chief Financial Officer: Brian Delaney
  • Chief Information Officer: Steve Delano Herndon
  • Vice President-Investment & Acquisitions: Kosin Chantikul

Share holders

  • Minor Holdings (Thai) Ltd.(15.7%)
  • YAN ZHI /ZALL/(13.3%)
  • The Vanguard Group, Inc.(2.3%)
  • Social Security Office of Thailand(2.1%)
  • Estate Of Adulyadej Bhumibol(2.0%)
  • THADANI ANIL(1.2%)
  • Bangkok Rinvest Co. Ltd.(0.8%)


  • Website:
  • Address: 99 Berli Jucker House, Soi Rubia, Sukhumvit 42 Road, Kwaeng Phrakanong, Bangkok, 10110, Thailand
  • Phone: +66.2.365.6117

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