MJLF to witness short-term impact
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Major Cineplex Lifestyle Fund (MJLF) could witness a drop in revenue in the short term, but damage would not be huge thanks to insurance coverage, said the fund manager, Kasikorn Asset Management Co Ltd.
Patchara Samalapa, managing director of the fund asset management company, said that the revenue could drop as all three properties have closed doors. Major Cineplex Rangsit has been closed since Nov 19, while the properties in Ratchyothin and Suzuki Avenue Ratchayothin were closed on Nov 3.
Floods will affect revenue in November and negotiation on rents is underway.
He said that the floods have not yet damaged the properties' structure and this should allow quick reopening and normal revenue flows.
