News Detail

                Management Discussion and Analysis

Company name                             : MILLIONAIRE PROPERTY FUND
Year                                     : 2021
Quarter                                  : Quarter 2
Ending                                   : 30-Jun-2021
Note                                     :
PT. 094/2021


13 August 2021

      
Re:    Clarification of more than 20% Change of Operations Result of Millionaire 
Property Fund

To:    President
    The Stock Exchange of Thailand

One Asset Management Limited in its capacity as the fund manager of Millionaire 
Property Fund (the Fund) would like to inform the reasons for the change of
operations result for the three month period ended 30 June 2021 where the
increase in net assets resulting from operations was Baht 26.51 million,
representing a decrease of Baht 16.78 million or 38.78% from the same quarter in
2020.  The main reason was that the Fund's decrease in investment income
resulting from declining rental and service income of Baht 9.48 million due to
early termination, non-renewal of lease agreement at lease expiration of some
tenants, and declining utilities income. In addition, the Fund incurred an
increase in cost of rental and services of Baht 3.42 million resulting from
cooling system improvement of the Fund's main asset.

Please be informed accordingly


Sincerely yours,


Mr. Alongkorn Prathanrasnikorn
Senior Executive Vice President


Property and Infrastructure Fund Department
Tel: 02 659 8888 ext.8843, 8837 and 8878
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