ORN reports backlog of 4.262 billion baht, prepares to launch Jed Yod 4 condo

Earnings
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Summary · why it matters

Ornsirin Holding Public Company Limited revealed a bright business outlook for the third quarter of 2026, with sales awaiting transfer, or backlog, totaling approximately 4.262 billion baht, split between high-rise projects at 68 percent and low-rise projects at 32 percent. The company is preparing to launch The Next Jed Yod 4, a private low-rise condominium in the heart of Chiang Mai and the first in Chiang Mai to receive EDGE green building certification, on August 22. It also plans to expand into a new community mall business in Phuket, targeting an opening in early 2027 to capture purchasing power from both Thai and international consumers. Meanwhile, the Mill Hill International School Thailand business and the second-hand property business continue to show growth momentum. For second-quarter 2026 results, the company reported total revenue of 611.78 million baht, up 69.3 percent, and net profit of 60.07 million baht, up 139.8 percent.

Impact on stocks 1

Real Estate · 1 stocks
Ornsirin Holding Public
ORN
▲ PositiveDemandrelevance

Backlog of 4.262 billion baht and strong Q2 results indicate robust demand for its properties.