15 Aug 2022 12:39:00
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2022
Management Discussion and Analysis Company name : MFC-NICHADA THANI PROPERTY FUND Year : 2022 Quarter : Quarter 2 Ending : 30-Jun-2022 Note : Ref: MFC PT 068/2022 August 15, 2022 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 2022 over 20% from the same period last year as follows. For Q2 ended 30 June 2022, the Fund had increase in net assets from operations of Baht 3.05 million, comparing with net decrease from operations of Baht 0.72 million of the same period last year, or an increase of 525.84% which was mainly due to the Fund had unrealized gain on revaluation of investment in properties of Baht 0.65 million whereas in the year 2021 the Fund has unrealized loss on investment in properties of Baht 3.55 million. - The Fund's expense was Baht 4.17 million, an increase from Baht 3.96 million from the same period last year or an increase of 5.31% mainly from a higher expense such as repair and maintenance. For six-month period ended 30 June 2022, the Fund had increase in net assets from operations of Baht 4.49 million, comparing with net increase from operations of Baht 2.20 million in the same period last year, or an increase of 103.95%. The main reasons as mentioned above. Kindly be advised accordingly. Yours faithfully, (Ms. Natree Panassutrakorn) Executive Vice President Property and Infrastructure Fund Department 02-649-2000 This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.