• A related strand of research focuses on price clusters. • Many studies have found that the stock prices tend to cluster around particular numbers (e.g. Harris (1991), Aitken et al. (1996), Brown et al

Habitat Pinklao- Sirindhorn Project Name Thana Cluster Project Type Semi-detached house, 3 Floors-Townhome Price 5-10 MB Number of Projects 5 Projects Project Value (Approximately) 412 MB Units per Project

which are in the process of selling which are (1) K.C. Cluster Nimitmai Project (having outstanding 200 units ) and (2) K.C. Cluster Ramintra 7 phase 1 (having outstanding 35 units). As a result, the

2.01% from gross profit of 15.64% in the fourth quarter of 2016. 2/2 Sales and Administration cost The company recorded sales and administration cost of 175.80 million Baht in the year ended December 31

million Baht increased by 133 million Baht (20%) effect from high of work volume. Selling and administration expenses amount 121 million Baht increased by 3 million Baht (3%) from last year. This expenses

cost. 3) Selling and Administration Expenses Selling and administration expenses decreased by Baht 11.4 million, or 6.5% from Q2/2016, as a result of improved efficiency in cost and expenses control. 4

, however, the cost per unit was reduced due to the increment of sales quantity and production quantity. Expense Sales and Administration Cost The company had the selling cost of 6.74 million baht, increased

/2016 or in Baht 4.7 million. - Swine farm business recorded its GPM of Baht 3.2 million that decreased of Baht 4.4 million from Q3/2016 due to decreasing of pork price. Selling and Administration

business recorded its GPM (loss) of Baht (4.6) million that decreased of Baht 34.8 million from year 2016 due to decreasing of pig finisher price. Selling and Administration Expenses Selling and

13.59%, a decrease of 0.04% from gross profit of 13.63% in the fourth quarter of 2017. 2/2 Sales and Administration cost The company recorded sales and administration cost of 191.52 million Baht for the