News Detail

Date/Time
09 Aug 2021 13:08:00
Headline
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2021
Symbol
MNRF
Source
MNRF
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                Management Discussion and Analysis

Company name                             : MULTI-NATIONAL RESIDENCE FUND
Year                                     : 2021
Quarter                                  : Quarter 2
Ending                                   : 30-Jun-2021
Note                                     :
Ref: MFC PT. 55/2021

August 9, 2021
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 
Multi-National Residence Fund ("the Fund"), would like to provide an explanation
for the change of the Fund's performance for Q2 ended 30 June 2021 over 20%
from  the same period last year as follows;

For Q2 ended 30 June 2021, the Fund had increase in net assets from operations 
of Baht 1.91 million, comparing with net increase from operations of Baht 1.88
million of the same period last year, or an increase of 2.52%.


- For Q2 of 2021, the Fund had total revenue of Baht 6.12million, compared with 
Baht 6.89 million from the same period last year, or a decrease of 11.20% due to
 slightly decrease in occupancy rate of Danicha Garden Condominium.

- The Fund's expenses was Baht 4.2 million compared with Baht 5.02 million in 
the same period last year, or a decrease of 16.43%.

For six-month period ended 30 June 2021, the Fund had increase in net assets 
from  operations of Baht 3.61 million, comparing with net increase from
operations of Baht 4.54 million in the same period last year, or an decrease of
20.45%. The main reasons were:

- The Fund had total revenue of Baht 11.84 million, compared with Baht 14.12 
million from the same period last year, or a decrease of 16.12% because of
slightly decrease in occupancy rate and rental rate.

- The Fund's expense was Baht 8.58 million compared with Baht 9.29 million in 
the same period last year, or a decrease of 7.66% due mainly from lower of land
and building's tax due from governments' tax rate policy.


Kindly be informed accordingly.

Yours faithfully,


(Ms. Natree Panassutrakorn)
Executive Vice President
REIT, Property and Infrastructure Fund Department
02-649-2000
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