CapitaLand Malaysia Trust's warehouse acquisition to have little earnings impact

KUALA LUMPUR: Kenanga Research has made no changes to its forecasts on Capitaland Malaysia Trust (CLMT) following property investment trust's announcement that it was acquiring a warehouse in Shah Alam for RM39.7mil.

The research firm said in a company update CLMT's purchase of the warehouse is expected to have little impact on the group's overall bottomline given its minimal earnings contribution.