CLMT's acquisition marks its entry into the industrial market, diversifying its geographical footprint to Johor. CEO Tan Choon Siang believes this will strengthen CLMT's portfolio and position it for growth in 2024.

Analysts predict CLMT's future earnings growth to be driven by positive rental reversions and stable occupancy rates. Kenanga Research emphasized CLMT's resilient earnings in a competitive market, especially in Klang Valley, and its strategic diversification into the industrial and logistics sector.

Chairman Lui Chong Chee credits strategic investments and proactive asset and capital management for the trust's performance. CEO Tan Choon Siang says refreshing the tenant mix and introducing new brands led to increased retail portfolio occupancy and positive rental reversion in FY2023.

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CLMT's CEO is optimistic about the trust's performance despite upcoming tax changes, expecting a mid-to-high single digit growth in rental reversions for FY2024. He sees potential in the industrial sector, particularly in the expanding manufacturing and e-commerce markets.

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