News Detail

Date/Time
09 Nov 2020 12:54:00
Headline
Management Discussion and Analysis Quarter 3 Ending 30 Sep 2020
Symbol
M-PAT
Source
M-PAT
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                Management Discussion and Analysis

Company name                             : MFC PATONG HERITAGE PROPERTY FUND
Year                                     : 2020
Quarter                                  : Quarter 3
Ending                                   : 30-Sep-2020
Note                                     :

9 November, 2020
To    The President
    The Stock Exchange of Thailand
Ref: MFC PT. 81/2020 Clarification for the change of Fund's performance over 20%

MFC Asset Management Public Company Limited, as the Management Company of MFC 
Patong Heritage Property Fund (M-PAT) ("the Fund"), would like to clarify the
change in net Fund's performance for the 3rd quarter ended 30 September 2020
over 20% from  the same period of previous  year as follows;
For  the three-month period ended 30 September 2020, the Fund has net decrease 
in net assets from operations of Baht 226.05 million, an additional decrease of
Baht 33.38 million or equivalent to 17.34% compared to the same period of
previous year in which amounted to Baht 192.67 million. This is mainly a result
of a decreasing of rental revenue due to the rental exemption from 1 February
2020 to 31 August 2020 according to the resolution of the extraordinary meeting
of unitholders No. 1/2020 and also ongoing impact from the COVID-19 pandemic.
For the nine-month period ended 30 September 2020, the Fund has net decrease in 
net assets from operations of Baht 224.77 million, an additional decrease of
Baht 40.95 million or equivalent to 22.28% compared to the same period of
previous year in which amounted to Baht 183.82 million. This is mainly due to a
decreasing of rental revenue as stated above.


Kindly be informed accordingly.

Yours faithfully,

(Ms. Natree Panassutrakorn)
Executive Vice President

Property and Infrastructure Fund Department
02-649-2000
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