News Detail

Date/Time
15 May 2015 20:57:00
Headline
Management Discussion and Analysis Quarter 1 Ending 31-Mar-2015
Symbol
DIF
Source
DIF
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                Management Discussion and Analysis

Company name                             : TRUE TELECOMMUNICATIONS GROWTH 
INFRASTRUCTURE FUND
Year                                     : 2015
Quarter                                  : Quarter 1
Ending                                   : 31-Mar-2015
Note                                     :
JorTor 11-580270                        May 15, 2015

To:    The President
The Stock Exchange of Thailand

Re:    Clarification on the change in the net increase in net assets from 
operations in excess of 20% of TRUE Telecommunications Growth Infrastructure
Fund (TRUEIF)

SCB Asset Management Co., Ltd., the Management Company of TRUE 
Telecommunications Growth Infrastructure Fund ("the Fund"), would like to
clarify the change in the net increase in net assets from operations for the
quarter ended March 31, 2015 which decreased in excess of 20%, compared to that
of the same period in 2014.
The Fund has the net increase in net assets from operations of Baht 1,275.10 
million for the quarter ended March 31, 2015 or a decrease of Baht 14,497.99
million (91.92%) from that of the same period last year. It is a result of a
decrease in a net unrealized gain from investment of Baht 14,725.80 million or
99.99% (ended March 31, 2015 : Baht 0.85 million, ended March 31, 2014 : Baht
14,726.65 million), where there is an absence of re-appraisal in Q1/2015.
Conversely, in Q1/2014 there is the re-appraisal that leads to a net unrealized
gain from investment of Baht 14,726.65 million. Furthermore, the Fund has
changed the re-appraisal policy. From January 2015 onwards, the Fund will
re-valuate the assets of the Fund once a year, occurring in Q4 on annual basis,
unless there is any event impacting the assets of the Fund.
As a consequence, the net increase in net assets from operations as of March 31,
 2015 has decreased in excess of 20% when compared to the same period last year.

Please be informed accordingly.

Yours Faithfully,
TRUE Telecommunications Growth Infrastructure Fund
By SCB Asset Management Company


(Ms. Pijittra Trirattanathada)
Senior Vice President, Property and Infrastructure Investment Group
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