Tropicana Corp Bhd is well-positioned to deliver sustainable earnings over the next few years as it closes 2023 by surpassing its property sales target to achieve RM1.4bil and recording unbilled sales of RM2.3bil.
The proposed acquisition of a freehold logistics warehouse situated in Shah Alam for RM39.7mil by CapitaLand Malaysia Trust (CLMT) is in line with the property investment trust’s growth strategy and diversification initiatives, although it will slightly raise its gearing level.