News Detail

Date/Time
13 Aug 2015 13:23:00
Headline
Management Discussion and Analysis Quarter 2 Ending 30-Jun-2015
Symbol
DIF
Source
DIF
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                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
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