PF: Plans community malls worth Bt19.5b. Property Perfect (PF) plans to invest Bt19.5b over three years to develop four community malls in Bangkok before putting them into a property fund by 2015. The first two projects, Metro West Town on Kalapapruek Road and Metro East Town in Lat Krabang district, will start construction by 3Q13 and be completed by end-14. Construction of the other two projects, on Ram Intra and Ratchadaphisek roads, will start early next year and be completed in 2015. All projects will be developed by We Retail Plc, an affiliate in which PF holds 90%. Funding will be from project finance, PF’s own cash and the affiliate’s capital, which will be raised from Bt800m to Bt1.3b. (Source: Bangkok Post)

QH Centre Point sees hotels as its future — Centre Point Hospitality, a subsidiary of QH, aims to double hotel rooms in its portfolio to 4,430 by 2018 by managing properties for others. It would then be among the top 10 hotel and serviced apartment companies in Thailand. Centre Point now runs seven serviced apartment complexes with 2,215 rooms in Bangkok. Two months ago it announced a repositioning to expand into the hotel business on the back of booming tourism. (Bangkok Post, 07/06/13)

Comment: I’ve always like QH’s recurring income stream, however the stock does love mini run ups every few years whenever there’s a new condo sale

WHA: Expects strong surge in revenue. WHA expects revenue this year to reach Bt7b vs Bt2.2b in 2012. This will be driven mainly by sales of its property into property funds (Bt6.5b) and another Bt0.6b from rental income. The company also plans to invest up to Bt7.5b-8b to expand its warehouse space by another 500,000sqm. (Source: Khao Hoon)

Comment: I just can’t fathom the valuation given to this stock @ the moment, but they do run a good operation