PETALING JAYA: Life Water Bhd
’s planned RM15mil acquisition of an industrial property in Kota Kinabalu Industrial Park (KKIP) is expected to support its longer-term expansion in Sabah, although the deal is unlikely to make a meaningful contribution to earnings in the near term, says MBSB Research.
“We view the acquisition as strategically sensible and supportive of Life Water’s longer-term expansion in Sabah, but do not expect a meaningful near-term earnings contribution given that the property will be used primarily as a warehouse,” the research house said.
