Chief executive officer Tan Choon Siang said these segments would be the primary focus of the company because they could be potential new assets for the company and a pre-check on these sectors showed that they are resilient, particularly during the peak of COVID-19.
"Retail accounted for nearly all of our revenue, so we hope to see more industrial assets in our portfolio and our preference is definitely to lower the percentage of our retail that's something that we hope to see...," he said during a virtual media briefing in conjunction with its fourth quarter financial results for the financial year 2021.
Tan revealed that Capitaland would then continue to focus on the Klang Valley in order to solidify its position before moving on to secondary cities such as Penang and Johor Bahru.
"Specifically we're looking at the Klang Valley but we don't rule out the possibility of locations like Penang and also Johor, which locations are stronger in terms of being nearer to the ports and able to be a distribution centre for regional distribution centres.
"Once we have more concrete information, we definitely can be a bit more concrete and we will share it,” he added.
Meanwhile, Capitaland Malaysia Trust’s net loss narrowed to RM30.93 million in the financial year ended Dec 31, 2021 from RM84.50 million a year ago.
Revenue fell 14.3 per cent to RM224.11 million from RM261.34 million previously, mainly due to lower gross rental income, lower car park income, lower recovery of utilities and lower marketing communications income. - Bernama