News Detail

Date/Time
15 Aug 2022 12:39:00
Headline
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2022
Symbol
MNIT
Source
MNIT
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                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
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