ORI Ups 3.38% to ฿7.65/Share as Financial Report Shows High Recognition from Real Estate
ORI was upped 3.38% to ฿7.65/share as the financial report showed higher recognition from real estate amid the plummet of Thai market on August 15, 2019.
As of 12:00 local time in Thailand, the share price of Origin Property Public Company Limited (ORI) was up at ฿7.65/share, increased ฿0.25/share or 3.38% against the plummet of 25.37 points or 1.57% in Thai market, sinking the index below the resistance level at 1,600 points.
The increase of the share price might due to the report of financial statement that showed THB 737.29 million of profit in the second quarter of 2019 along with higher sales revenue of real estate.
The company had a revenue recognition from the completion of 21 projects in 2018 and another 6 projects transferred in June 2019, consisting of B-Loft Lite Sukhumvit 115 B, Britannia Mega Town-Bangna, Britania Bangna-KM.12, Kensington Sukhumvit – Theparak, KnightsBridge Phaholyothin Interchange and Britania Wongwaen—Hathairat.