News Detail

Date/Time
28 Feb 2018 17:01:00
Headline
Management Discussion and Analysis Yearly Ending 31 Dec 2017 (Revised Tamplate)
Symbol
MNIT
Source
MNIT
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                Management Discussion and Analysis

Company name (New)                       : MFC-NICHADA THANI PROPERTY FUND
Year (New)                               : 2017
Quarter (New)                            : Yearly
Ending (New)                             : 31-Dec-2017
Note (New)                               :
Ref : MFC PT. 009/2018

February 28, 2018
Director and Manager    
The Stock Exchange of Thailand
Dear Sir,

Re : Clarification for the change of Fund's performance over 20%

MFC Asset Management Public Company Limited, as the Management Company of  
MFC-Nichada Thani Property Fund (MNIT) ("the Fund"), would like to offer an
explanation for the change of the Fund's performance for the year 2017 over 20%
from  the same period last year as follows;

For the year 2017, the Fund had net profit from investments of Baht 2.96 
million, decreasing from Baht 5.51 million in the same period last year, or a
decrease of 46.31% which was due to the lower occupancy rate and rental rate
compared with the same period last year as a result from the downturn in the
economy which effected a decreasing in demand side.

- For the year 2017 the Fund's total revenue was Baht 25.72 million compared 
with Baht 35.11 million from the same period last year, or a decrease of 26.75%.

- The Fund's expense was Baht 15.67 million, a decrease from Baht 21.12 million 
from the same period last year or a decrease of 25.78%.

- During year 2017 the Fund has adjusted the fair value of the properties. As a 
result, the Fund has recognized an unrealized loss on investment of Baht 7.09
million whereas in the same period last year the Fund has recognized an
unrealized loss of Baht 8.00 million.

Kindly be advised accordingly.

Yours faithfully,



(Mr. Sommate Rungkakulnuwat)
Senior Vice President






Property and Infrastructure Fund Department
02-649-2174, 2173
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