Thai Trigger Fund 3% Plus 3% (5) : T3P3 (5)
Interim Report
(August 1, 2016 - January 31, 2017)
Content
Page
Message from the Company
1
List of Board of Directors and Management Team
3
Supervisor Report
4
Name List of Fund Manager
5
Fund Performance
6
Fund Expenses
7
Brokerage Fee
8
Fund Details of Investment, Borrowing and Obligations
9
Financial Report
11
Portfolio Turnover Ratio (PTR)
12
Credit rating of the bank or financial institution
13
List Details of Soft Commission
14
List of Connected Person with transaction
15
Report on non-compliance of investment limit
16
Information on the exceeding of 1/3 Unit holding
17
Message from the Company
To
Unitholders
Overview of the Thai Stock Market August 1, 2016 – January 31, 2017
From August 2016 to January 2017, the SET continued its outperformance, moving up to 1,500-1,520
after the British voted to detach from the EU. The “yes” to the new Thailand constitution in a nationwide
referendum reduced political uncertainty and pushed the SET to 1,550–1,560 in August. However, valuation
was stretched and this led to profit-taking in September since some investors who had invested since the
beginning of the year had accumulated profit of more than 20%. This caused a large sell-off and pushed the
index down by 150 points in two weeks, with the lowest point at 1,410 before rising again to test resistance at
1500. The SET moved down to 1,340 in a single day in October 2016 before rapidly recovering to 1,500. The
US election influenced the market in November, driven by expectations of a Clinton win, with Trump’s win a
surprise. The market retrenched and remembered Trump’s promises to reform taxes, cut the red tape for
doing business and to invest in infrastructure. This generated expectations that inflation would return and
turned markets to risk-on mode. The agreement to reduce oil production by OPEC and non-OPEC countries
drove oil prices up to US$50/bbl. After the turn of 2017, big cap stocks – Energy, Bank and Telecom - led the
market upward with support from prospects of Trump’s economic stimuli. The SET closed at 1,577.31 at the
end of January 2017
SET total return over August 2016 to January 2017 was +3.4%. The sectors with the highest returns
were Electronics at +19.7%, Petrochemical +13.0 and Energy at +12.0%; lowest returns were in ICT at -8.3%,
Construction Services at -5.5%, and Media at -5.3%. Foreign investors net bought at B3.5bn in the period.
Thai Trigger Fund 3% Plus 3% (5)
Fund
Benchmark
Thai Trigger Fund 3% Plus 3% (5)
Return During
August 1, 2016 – January 31, 2017
4.6180%
3.8615%
1
As we have managed Thai Trigger Fund 3% Plus 3% (5) for a period of one year on January 31, 2017,
we would like to inform the net value to unit holder, The fund has a net asset value 1,568,672,202.19 Baht in
asset value or its earning per unit is at 9.9476 Baht
In this connection, we would like to express our sincere thanks to the trust of all Unitholders has been
extended to us for your investment Thai Trigger Fund 3% Plus 3% (5). Should you have any further question or
need more information, You can monitor or follow the announcement the net asset value of the Fund in daily
newspaper or the company website.
UOB Asset Management (Thailand) Co., Ltd.
(Mr. Vana Bulbon)
Chief Executive Officer
Thai Trigger Fund 3% Plus 3% (5)
2
List of Board of Directors And Management Team
UOB Asset Management (Thailand) Co., Ltd.
Board of Directors
1.
2.
3.
4.
5.
Mr. Lee Wai Fai
Mr. Thio Boon Kiat
Mr. Sanchai Apisaksirikul
Ms. Piyaporn Ratanaprasartporn
Mr. Vana Bulbon
Chairman
Director
Director
Director
Director and CEO
Management Team
1.
2.
3.
4.
Mr.
Mrs.
Mr.
Ms.
Vana
Sunaree
Jerdphan
Rachada
Bulbon
Piboonsakkul
Nithayayon
Tangharat
Chief Executive Officer
Senior Director (Operation Division)
Senior Director (Investment Division)
Director (Business Development Division)
Office Location
UOB Asset Management (Thailand) Co., Ltd.
23A, 25 Floor, Asia Centre Building, 173/27-30, 32-33
South Sathon Road, Thungmahamek, Sathon,
Bangkok 10120, Thailand
Tel : +66 2786 2222
Fax : +66 2786 2377
Thai Trigger Fund 3% Plus 3% (5)
3
Thai Trigger Fund 3% Plus 3% (5)
4
Thai Trigger Fund 3% Plus 3% (5)
Name List of Fund Manager
For the period of August 1, 2016 to January 31, 2017
No.
1
2
3
4
5
6
Name List of Fund Manager
Mr. Sittisak
Nuttawut*
Ms. Pranee
Srimahalap
Mr. Chaiyan
Jantanakeeree
Ms. Patcharapa Mahattanakul*
Ms. Tipwadee Apichaisiri*
Mr. Chaiyapruek Kunkanjanathorn*
* Fund manager and portfolio manager in derivatives ( if any ).
Thai Trigger Fund 3% Plus 3% (5)
5
Fund Performance
Registration Date
Aug 27, 2014
Ending Date of Accounting Period Jan 31, 2017
Fund Performance
3 Months
Between Oct 31, 2016 - Jan 31, 2017
6 Months
Between Jul 29, 2016 - Jan 31, 2017
1 Year
Between Jan 29, 2016 - Jan 31, 2017
Since Inception
Between Aug 27, 2014 – Jan 31, 2017
(%)
BENCHMARK *
(%)
1.12
3.32
3.81
3.49
17.76
14.42
-0.52
9.64
* The fund performance will be compared with the average of the SET Total Return (50%) and the
Total Return of Thai BMA Zero Rate Return 1 year Index plus a spread of investment grade
corporate bonds at the investment date (50%)
- Performance measures used in this annual report comply with AIMC performance presentation
standards.
- Past Performance / performance comparison relating to a capital market product is not
a guarantee of future results.
Thai Trigger Fund 3% Plus 3% (5)
6
Thai Trigger Fund 3% Plus 3% (5)
Total Expenses as called from fund Table
From August 1, 2016 To January 31, 2017
Called expenses from fund (Fund's direct expense)
Amount
Unit : Thousand
Management fee
Percentage of
Net Assets Value
-
-
176.94
0.01
-
-
Registrar fee
2,022.17
0.11
Advisory fee
-
-
Sale Promotion - IPO
-
-
Sale Promotion - After IPO
-
-
21.06
-
0.60
2,220.77
0.12
Trustee fee
Transaction fee
Auditing Fee
Other Expenses*
Total Expenses **
Remark * Other expense which each items is less than 0.01% of NAV
** Included VAT (if any) and Not included brokerage fee
Thai Trigger Fund 3% Plus 3% (5)
7
Thai Trigger Fund 3% Plus 3% (5)
Brokerage Fee
From August 1, 2016 To January 31, 2017
Broker Name
1
PHATRA SECURITIES COMPANY LIMITED
2
Brokerage Fee
(Baht)
% of Total
Brokerage Fee
1,242,987.39
13.86
TISCO SECURITIES COMPANY LIMITED
920,434.99
10.27
3
BUALUANG SECURITIES PUBLIC COMPANY LIMITED
853,665.42
9.52
4
MAYBANK KIM ENG SECURITIES (THAILAND) PUBLIC COMPANY LIMITED
816,968.20
9.11
5
CLSA SECURITIES (THAILAND) LIMITED
791,264.50
8.82
6
SCB SECURITIES COMPANY LIMITED
763,320.51
8.51
7
UOB KAYHIAN SECURITIES (THAILAND) PUBLIC COMPANY LIMITED
629,927.18
7.03
8
CREDIT SUISSE SECURITIES (THAILAND) LIMITED
566,369.74
6.32
9
CIMB SECURITIES (THAILAND) CO., LTD
502,673.55
5.61
472,861.48
5.27
1,406,126.27
8,966,599.23
15.68
100.00
10 UBS SECURITIES (THAILAND) LIMITED
11 OTHER
Total
Thai Trigger Fund 3% Plus 3% (5)
8
Thai Trigger Fund 3% Plus 3% (5)
9
Thai Trigger Fund 3% Plus 3% (5)
10
Thai Trigger Fund 3% Plus 3% (5)
11
Portfolio Turnover Ratio (PTR)
Thai Trigger Fund 3% Plus 3% (5)
For the period of August 1, 2016 to January 31, 2017
1.686
Thai Trigger Fund 3% Plus 3% (5)
12
Credit rating of the bank or financial institution
Thai Trigger Fund 3% Plus 3% (5)
As of January 31, 2017
Bank of deposit
United Overseas Bank (Thai) Pcl.
KGI Securities (Thailand) Pcl.
Thai Trigger Fund 3% Plus 3% (5)
Credit ratings by international Credit ratings by domestic
institution
institution
Baa1 (Moody)
AAA (Fitch)
-
A - (Tris)
13
List of Soft Commission
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Brokerage
Asia Plus Group Holdings Public Company Limited
Bualuang Securities Public Company Limited
CIMB Securities (Thailand) Company Limited
Citicorp Securities (Thailand) Limited
CLSA Securities (Thailand) Limited
Capital Nomura Securities Public Company Limited
Credit Suisse Securities (Thailand) Limited
DBS Vickers Securities (Thailand) Company Limited
KGI Securities (Thailand) Public Company Limited
Maybank Kim Eng Securities (Thailand) Public Company Limited
Kasikorn Securities Public Company Limited
KTZMICO Securities Company Limited
Phatra Securities Public Company Limited
SCB Securities Company Limited
Tisco Securities Company Limited
Thanachart Securities Public Company Limited
Trinity Securities Company Limited
UBS Securities (Thailand) Limited
UOB Kayhian Securities (Thailand) Public Company Limited
Thai Trigger Fund 3% Plus 3% (5)
Soft Commission
Reason for receiving
News / Researching
To help with the
investment decisions
14
List of Connected Person with transactions
For the Period of August 1, 2016 to January 31, 2017
List of Connected Persons who had transactions with Fund
- None Remark :
The investors can verify the Connected Persons’ transactions of fund directly at
UOB Asset Management (Thailand) Co., Ltd. or through the website of the Company (www.uobam.co.th)
or The Securities and Exchange Commission (www.sec.or.th)
Thai Trigger Fund 3% Plus 3% (5)
15
Report on non-compliance of investment limit
Thai Trigger Fund 3% Plus 3% (5)
For the Period of August 1, 2016 to January 31, 2017
Date
Fund Name
Ratio at the end of the day
(%NAV)
Ratios of the project
(%NAV)
cause
performance
-
-None-
-
-
-
-
Thai Trigger Fund 3% Plus 3% (5)
16
Information on the exceeding of 1/3 unit holding
Thai Trigger Fund 3% Plus 3% (5)
As of January 31, 2017
- NONE Remark :
The investor can verify the information on the exceeding of 1/3 unit holding through the website of the company
(www.uobam.co.th)
Thai Trigger Fund 3% Plus 3% (5)
17
UOB Asset Management (Thailand) Co., Ltd.
23A, 25 Floor, Asia Centre Building, 173/27-30, 32-33 South Sathon Road, Thungmahamek, Sathon,
Bangkok 10120, Thailand Tel : +66 2786 2222 Fax : +66 2786 2377 www.uobam.co.th
18
Thai Trigger Fund 3% Plus 3% (5)