Finally sold off CapitaMalls Asia. Although CMA manages a pan-Asian portfolio of about 100 shopping malls in Singapore, China, Malaysia, Japan and India; its share price is very weak.
CMA has been a submarine to me and its price was always below my entry price. However, I see no value in averaging down because of its pathetic dividend yield of less than 2%.
For some unknown reasons, the price of CMA increases this week and finally surfaces above my breakeven price for the stock. I took this opportunity to divest CMA and earned some small coffee money.
CMA may have good fundamentals and may be a good stock in a few years' time. However, its poor dividend yield does not justify in holding onto the stock.
After I sold CMA, due to the overall market uncertainties, CMA price goes down again.
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