13 Aug 2015 13:23:00
Management Discussion and Analysis Quarter 2 Ending 30-Jun-2015
Management Discussion and Analysis Company name : TRUE TELECOMMUNICATIONS GROWTH INFRASTRUCTURE FUND Year : 2015 Quarter : Quarter 2 Ending : 30-Jun-2015 Note : JorTor 11-580444 August 13, 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 June 30, 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 2,463.27 million for the quarter ended June 30, 2015, compared to Baht 17,155.64 million for the same period in 2014, or a decrease of Baht 14,692.37 million (85.64%) from that of the same period last year. This is a result of a decrease in a net unrealized gain from investment, compared to that of the same period last year, of Baht 15,071.78 million or 99.98% (ended June 30, 2015: Baht 3.05 million, ended June 30, 2014: Baht 15,074.83 million). There was no asset re-appraisal in Q2/2015, while in Q2 2014 there was a re-appraisal that led to a net unrealized gain from investment of Baht 15,074.83 million. The Fund has changed the asset re-appraisal policy from January 2015 onwards to re-evaluate the assets of the Fund once in Q4 every year, unless there is any significant event impacting the value of assets of the Fund. 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 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.