News Detail

Date/Time
13 May 2016 18:05:00
Headline
Management Discussion and Analysis Quarter 1 Ending 31-Mar-2016
Symbol
ERWPF
Source
ERWPF
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                Management Discussion and Analysis

Company name                             : ERAWAN HOTEL GROWTH PROPERTY FUND
Year                                     : 2016
Quarter                                  : Quarter 1
Ending                                   : 31-Mar-2016
Note                                     :
JorTor. 11-590213                    May 13, 2016

To:    The President
The Stock Exchange of Thailand

Re:    Clarification of the change in the net increase in net assets from 
operations in excess of 20% of
Erawan Hotel Growth Property Fund (ERWPF)

SCB Asset Management Co., Ltd., the Management Company of Erawan Hotel Growth 
Property Fund ("The Fund"), would like to clarify the net increase in net assets
from operations for the first quarter of 2016 (3-month period from January
1,2016 to March 31,2016) which increased in excess of 20% comparing to the same
period of 2015.
The Fund has the net increase in net assets from operations of Baht 40.46 
million as of March 31, 2016 or an increase of Baht 14.21 million (54.14%) from
the same period last year. It is a result of an increase in net unrealized gain
from investment of Baht 14.4 million compared to the same quarter last year when
 there was no investment appraisal.
As a result, the net increase in net assets from operations as of March 31, 2016
 has increased in excess of 20% when compared to the same period last year.


Please be informed accordingly.


Yours faithfully,
Erawan Hotel Growth Property Fund
By SCB Asset Management Company Limited


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