The Stock Exchange of Thailand

Company Summary

M-PAT

MFC PATONG HERITAGE PROPERTY FUND

Property & Construction/Property Fund & REITs

SET

CG Report: -

Data as of 01 Jul 2022

Price (B.)	52 Week High/Low	P/E (X)	P/BV (X)	Paid-up (MB.)	Market Cap (MB.)
3.86	4.94 / 3.32	-	0.73	1,039.50	405.30

News
Date/Time	Subject
24 May 2022 17:02	To notify the omission of dividend payment of MFC Patong Heritage Property Fund (M-PAT) for the three-month period ended 31 March 2022
13 May 2022 17:21	Reviewed financial performance Quarter 1 (F45)
13 May 2022 17:21	Financial Statement Quarter 1/2022 (Reviewed)
13 May 2022 17:20	Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
13 May 2022 12:58	Report NAV as at 31 March 2022
more

Company Profile
Fund/Trust Manager	MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED
Asset Manager	-
Trustee	-
Address	199 Column Tower Ground floor & 21st - 23rd floor, Ratchadapisek road, Klongtoey Bangkok 10110
Telephone	0-2649-2000
Fax	0-2649-2100
URL	http://www.mfcfund.com
Establish Date	11/06/2014	Listed Date	24/06/2014
IPO Price (Baht)	10.00	@Par10.00 Baht
IPO Financial Advisory	N/A
Par	9.90 Baht
Last Par Change	Old 10.00 : New 9.90 @ 13/02/2020

Business

M-PAT is a freehold property fund which initially invest in land and building 183 units of "Patong Night Plaza" condominium, currently running a hotel business under the title "Patong Heritage Hotel" as mid-scale 164-key hotel, including other properties deemed as a component part of land as well as tools and equipments, and other assets related to the operation the hotel located nearby the hotel. M-PAT has policy in procuring benefits from the asset by leasing out the asset to hotel operator Patong Heritage Co., Ltd.for operating as a hotel for 2 years.

Free Float

19 Jun 2014

18 Jun 2014

% /Shareholders

29.23%

3,505

46.73%

290

5 Yr Price Performance (Adjusted Price)

Price Performance (Adjusted Price)	Compare to Stock (%)	Compare to Sector (%)	Compare to Market (%)
5 Days	3.76	1.16	3.51
20 Days	-3.50	-2.27	1.86
60 Days	-11.06	-6.71	-3.78
120 Days	-1.53	7.18	3.79
YTD	-1.53	7.18	3.79
P/E (X)	-	N/A	18.51
P/BV (X)	0.73	0.96	1.65
Turnover Ratio (%)	N/A	0.03	0.69

Top 10 Major Shareholders(@11 Jun 2020)		Share	%
1.	Mrs. Koranun Asvasirayothin	14,750,000	14.05
2.	Khon Kaen University	10,000,000	9.52
3.	Mr. Panya Kuantrakul	4,400,000	4.19
4.	Mr. Pratharn Chaiprasit	2,500,000	2.38
5.	Mr. Thana Chaiprasit	2,500,000	2.38
6.	Mr. Thawee Piyapatana	2,321,000	2.21
7.	Mrs. Laksanee Sarasas	2,250,000	2.14
8.	Mr. Aek Nana and Mr.Ruj Nana	2,000,000	1.90
9.	Mrs. Pranee Phaoenchoke	2,000,000	1.90
10.	Mr. Cheera Panupong	2,000,000	1.90

Accumulated: Turnover Ratio, Value Trade/Day
Statistics	YTD 01 Jul 2022	2021 30 Dec 2021	2020 30 Dec 2020
Listed share (M.)	105.00	105.00	105.00
Market Cap (MB.)	405.30	411.60	315.00
Price (B./share)	3.86	3.92	3.00
BVPS (B./Share)	5.31	5.31	6.12
P/BV (X)	0.73	0.74	0.49
P/E (X)	-	-	-
Turnover Ratio (%)	0.36	2.05	1.28
Value Trade/Day (MB.)	0.01	0.03	0.02
Beta	0.79	0.38	0.31
NAV / Unit	5.31	(Date as of: 01/07/2022)

Rate of Return	YTD	2021	2020
Price Change (%)	-1.53	30.67	-49.15
Dividend Yield (%)	N/A	0.51	10.17
Payout Ratio	N/A	N/A	N/A
Dividend Policy	Not exceed 4 times per year at the minimum rate of 90% of its annual net profit or will pay the dividend from the retained earnings

Dividend
Operation Period	Dividend/Share	Unit	Payment Date	Type
01 Jan 2020 - 31 Mar 2020	0.02	Baht	29 Jun 2020	Cash
01 Oct 2019 - 31 Dec 2019	0.022	Baht	27 Mar 2020	Cash
-	0.10	Baht	17 Sep 2019	Cash

Auditor
(Effective Until 31/12/2022)

MR. ANUSORN KIATGUNGWALGRI/ASV & ASSOCIATES LIMITED

MISS KAWANCHAI KIATGUNGWALGRI/ASV & ASSOCIATES LIMITED

MR. PRASITPORN KESAMA/ASV & ASSOCIATES LIMITED

F/S Year ended

31/12

Latest Type of Report

Unqualified opinion with an emphasis of matters

Financial Data

Statement of Financial Position (MB.)	3M/2022 (01/01/22 -31/03/22)	3M/2021 (01/01/21 -31/03/21)	2021 (01/01/21 -31/12/21)	2020 (01/01/20 -31/12/20)	2019 (01/01/19 -31/12/19)
Accounting Type	Company	Company	Company	Company	Company
Cash And Cash Equivalents	0.77	0.73	0.47	12.18	5.42
Investment	557.00	642.00	557.28	631.00	867.96
Trade And Other Receivables - Net	0.03	-	0.03	0.00	0.60
Total Assets	557.88	642.80	557.87	643.27	874.16
Trade And Other Payables	-	-	-	-	-
Long-Term Debts	-	-	-	-	-
Deposit Recieved	-	-	-	-	-
Total Liabilities	0.31	0.26	0.20	0.49	1.87
Issued and Fully Paid-up Share Capital	1,039.50	1,039.50	1,039.50	1,039.50	1,039.50
Retained Earnings (Deficit)	-481.94	-396.96	-481.82	-396.72	-167.22
Net Assets	557.57	642.54	557.68	642.78	872.28
Net Asset Value per Unit (Unit:Baht)	5.31	6.12	5.31	6.12	8.31
more

Statement of Comprehensive Income (MB.)	3M/2022 (01/01/22 -31/03/22)	3M/2021 (01/01/21 -31/03/21)	2021 (01/01/21 -31/12/21)	2020 (01/01/20 -31/12/20)	2019 (01/01/19 -31/12/19)
Accounting Type	Company	Company	Company	Company	Company
Income From Investment	0.10	0.01	0.20	3.79	43.17
Other Income	0.00	-	-	-	-
Total Revenues	0.11	0.01	0.20	3.79	43.17
Management Fee	-	-	-	0.31	4.26
Trustee Fee	0.03	0.03	0.13	0.17	0.21
Property Management Fee	-	-	-	-	-
SG&A	-	-	0.00	0.50	0.96
Cost of Rental and Service	-	-	-	-	-
Total Expenses	0.21	0.26	1.30	1.87	6.45
Net Investment Income	-0.11	-0.24	-1.11	1.92	36.73
more

Statement of Cash Flow (MB.)	3M/2022 (01/01/22 -31/03/22)	3M/2021 (01/01/21 -31/03/21)	2021 (01/01/21 -31/12/21)	2020 (01/01/20 -31/12/20)	2019 (01/01/19 -31/12/19)
Accounting Type	Company	Company	Company	Company	Company
Operating Cash Flow	0.30	-11.45	-11.71	11.17	54.63
Financing Cash Flow	-	-	-	-4.41	-59.22
Net Cash Flow	0.30	-11.45	-11.71	6.76	-4.59
more

Annualized: ROE, ROA
Ratios	3M/2022	3M/2021	2021	2020
Net Investment Income to Total Income Ratio	-1.00	-16.07	-5.68	0.51
Debt to Asset Ratio	0.00	0.00	0.00	0.00

Information only PP, PO, XR and XD
Capital Movement (Last 3 Year)
Date	CA Type	Changed paid up share	Paid up share	Par
No Information Found

Growth Rate (%)	3M/2022	3M/2021	2021	2020
Growth Rate - Total Liabilities	20.93	-96.85	-59.48	-74.06
Growth Rate - Total Assets	-13.21	-27.09	-13.27	-26.41

Trading Sign (Latest)
Trading Alert	Posted Date	Lifted Date
No Information Found

Market Alert (Latest)
No Information Found
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Only Preferred Share and Warrants
Other Securities
Securities Name	-

Remark	-	Calculated from adjusted price
	-	Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
	-	The information is quarterly updated within 7 business days after the new financial statement is submitted.
	-	Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.

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