News Detail

Date/Time
11 Aug 2021 17:22:00
Headline
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2021
Symbol
MNIT
Source
MNIT
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                Management Discussion and Analysis

Company name                             : MFC-NICHADA THANI PROPERTY FUND
Year                                     : 2021
Quarter                                  : Quarter 2
Ending                                   : 30-Jun-2021
Note                                     :

Ref: MFC PT 57/2021

August 11, 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  
MFC-Nichada Thani Property Fund (MNIT) ("the Fund"), would like to offer an
explanation for the change of the Fund's performance for quarter 2 ended 30 June
 2021 over 20% from  the same period last year as follows;

For Q2 ended 30 June 2021, the Fund had decrease in net assets from operations 
of Baht 0.72 million, comparing with net decrease from operations of Baht 0.05
million of the same period last year, or an increase of 1,391.67% which was
mainly due to the followings;

- For the period of 2020 the Fund's total revenue was Baht 6.62 million compared
with Baht 7.19 million from the same period last year, or a decrease of 7.98%
which was due to the lower rental rate compared with the same period last year.

- The Fund's expense was Baht 3.96 million, an increase from Baht 3.45 million 
from the same period last year or an increase of 14.83% mainly from a higher
expenses such as repair and maintenance.

For six-month period ended 30 June 2021, the Fund had increase in net assets 
from  operations of Baht 2.20 million, comparing with net increase from
operations of Baht 3.19 million in the same period last year, or an decrease of
31.12%. The main reasons were:

- The Fund had total revenue of Baht 13.14 million, compared with Baht 14.68 
million from the same period last year, or a decrease of 10.52% because of
slightly decrease in rental rate.

- The Fund's expense was Baht 7.38 million compared with Baht 7.57 million in 
the same period last year, or a decrease of 2.50% due mainly from lower of land
and building's tax due from governments' tax rate policy.





Kindly be advised accordingly.

Yours faithfully,



(Ms. Natree Panassutrakorn)
Executive Vice President



Property and Infrastructure Fund Department
02-649-2000
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