Minor International Management

Management criteria checks 4/4

Minor International's CEO is Dillip Dillipraj Rajakarier, appointed in Jan 2020, has a tenure of 4.92 years. directly owns 0.2% of the company’s shares, worth THB306.86M. The average tenure of the management team and the board of directors is 3.8 years and 7.7 years respectively.

Key information

Dillip Dillipraj Rajakarier

Chief executive officer

฿770.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	4.9yrs
CEO ownership	0.2%
Management average tenure	3.8yrs
Board average tenure	7.7yrs

Recent management updates

Recent updates

CEO

Dillip Dillipraj Rajakarier (59 yo)

4.9yrs

Tenure

฿770,000

Compensation

Mr. Emmanuel Jude Dillipraj Rajakarier, also known as Dillip, is an Executive Director and Chairman of Oaks Hotels & Resorts Limited. He has been Group Chief Executive Officer of Minor International Public...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Emmanuel Dillipraj Rajakarier	Group CEO	4.9yrs	฿770.00k	0.20% THB 304.0m
Chaiyapat Paitoon	CFO & Chief Strategy Officer	2.7yrs	no data	0.024% THB 35.5m
Kosin Chantikul	Chief Investment Officer	9.5yrs	no data	0.0055% THB 8.2m
Michael MacDonald	Chief Technology Officer	2.3yrs	no data	no data
Namida Artispong	Group Director - Investor Relations	no data	no data	no data
Stephen Chojnaki	Chief Commercial Officer & General Counsel	no data	no data	no data
Aurakanda Attavipach	Chief People Officer	2.8yrs	no data	no data
Torpong Muadchaiyaphum	Group Director of Internal Audit & Risk Management and Head of Internal Audit	no data	no data	no data
Chompan Kulnides	Chief Sustainability Officer	no data	no data	no data
Saranya Soontaros	Corporate Secretary	13.1yrs	no data	0.0046% THB 6.8m
Ramón Marin	Chief Executive Officer of NH Hotel Group	no data	no data	no data
Rawikan Inchaiwong	Vice President of Treasury	no data	no data	no data

3.8yrs

Average Tenure

51yo

Average Age

Experienced Management: MINT's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Emmanuel Dillipraj Rajakarier	Group CEO	16.1yrs	฿770.00k	0.20% THB 304.0m
Charamporn Jotikasthira	Independent Director	7.7yrs	฿2.41m	no data
William Heinecke	Chairman	46.3yrs	฿430.00k	33.88% THB 50.4b
Michael Selby	Independent Director	2.6yrs	฿1.16m	no data
Suvabha Charoenying	Independent Director	8.9yrs	฿2.80m	0.00062% THB 922.8k
Niti Osathanugrah	Director	6.6yrs	฿1.93m	10.65% THB 15.9b
John Heinecke	Director	11.1yrs	฿1.57m	0.068% THB 101.6m
Camille Ma	Independent Director	4.5yrs	฿2.71m	no data
Anhul Chauhan	Director	2.9yrs	฿250.00k	0.0018% THB 2.7m

7.7yrs

Average Tenure

61yo

Average Age

Experienced Board: MINT's board of directors are considered experienced (7.7 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 16:36
End of Day Share Price	2024/12/25 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Minor International Public Company Limited is covered by 43 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nuanpun Noiruchchukorn	Asia Plus Securities Company Limited
Somkij Oranchatchawan	BNP Paribas Securities (Asia)
Charti Phrawphraikul	BofA Global Research

Minor International Management

Management criteria checks 4/4

Key information

Recent management updates

Minor International Public Company Limited Announces Resignation of Thiraphong Chansiri as Director

Minor International Public Company Limited, Annual General Meeting, Apr 25, 2024

Minor International Public Company Limited Announces Resignation of Anil Thadani as Director

Less than half of directors are independent

Minor International Public Company Limited Appoints Michael David Selby as an Independent Director

Less than half of directors are independent

Recent updates

Third quarter 2024 earnings released: ฿0.06 loss per share (vs ฿0.31 profit in 3Q 2023)

First half dividend of ฿0.25 announced

Minor International Public Company Limited Announces Resignation of Thiraphong Chansiri as Director

Second quarter 2024 earnings released: EPS: ฿0.42 (vs ฿0.51 in 2Q 2023)

New minor risk - Dividend sustainability

Now 22% undervalued after recent price drop

Minor International Public Company Limited to Report Q2, 2024 Results on Aug 07, 2024

First quarter 2024 earnings released: EPS: ฿0.13 (vs ฿0.27 loss in 1Q 2023)

Upcoming dividend of ฿0.32 per share

Now 20% overvalued after recent price rise

Final dividend of ฿0.32 announced

Minor International Public Company Limited, Annual General Meeting, Apr 25, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Minor International Public Company Limited to Report Fiscal Year 2023 Results on Feb 08, 2024

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Minor International Public Company Limited Announces Interim Cash Dividend for the Period from 01 January 2023 to 30 June 2023, Payable on 15 September 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

First quarter 2023 earnings released: ฿0.27 loss per share (vs ฿0.80 loss in 1Q 2022)

Upcoming dividend of ฿0.25 per share at 0.8% yield

Full year 2022 earnings released: EPS: ฿0.54 (vs ฿2.83 loss in FY 2021)

Minor International Public Company Limited Announces Resignation of Anil Thadani as Director

Less than half of directors are independent

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued after recent price drop

Minor International Public Company Limited to Report Q3, 2022 Results on Nov 10, 2022

Now 21% undervalued after recent price drop

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Minor International Public Company Limited Appoints Michael David Selby as an Independent Director

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Minor International Public Company Limited to Report Q1, 2022 Results on May 12, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Minor International Public Company Limited, Annual General Meeting, Apr 22, 2022

Minor International Public Company Limited Announces Executive Changes, Effective from April 1, 2022

Third quarter 2021 earnings released: ฿0.16 loss per share (vs ฿1.20 loss in 3Q 2020)

Second quarter 2021 earnings released: ฿0.83 loss per share (vs ฿1.90 loss in 2Q 2020)

Consensus EPS estimates fall to -฿2.86

Consensus forecasts updated

Minor International Public Company Limited(SET:) dropped from FTSE All-World Index (USD)

First quarter 2021 earnings released: ฿1.47 loss per share (vs ฿0.46 loss in 1Q 2020)

Consensus EPS estimates fall to -฿2.65

Price target increased to ฿33.07

Price target raised to ฿29.76

Minor International Appoints Mark O'sullivan as Its New Area General Manager for Bangkok

Analysts lower EPS estimates to -฿1.49

Full year 2020 earnings released: ฿4.71 loss per share (vs ฿2.04 profit in FY 2019)

Earnings beat expectations, revenue disappoints

Minor International Public Company Limited, Annual General Meeting, Apr 22, 2021

New 90-day high: ฿31.00

New 90-day high: ฿30.00

Price target raised to ฿26.12

New 90-day high: ฿28.00

Minor International Public Company Limited to Report Q4, 2020 Results on Feb 25, 2021

Analysts lower EPS estimates to -฿3.16

Price target raised to ฿22.41

Third quarter 2020 earnings released: ฿1.21 loss per share

New 90-day high: ฿23.40

New 90-day low: ฿17.20

Minor International Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 9.857632 billion.

Minor International Public Company Limited Updates on Re-Opening Plan from COVID-19

CEO

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Leadership Team

Average Tenure

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