In July last year, I put in a buy order for shares of CapitaMalls Asia because I felt its numbers showed it to be doing well but buying when its price was still firmly in a downtrend proved to be a mistake. More than half a year later, fundamentally, things are still looking strong while technically, the downtrend has been broken, presenting a more promising picture. I would be rather surprised if the low of $1.12 would be tested again. Why? Breaking out of the top of a base formation, it is more likely that we would see some support at $1.38 or so in the event of a pull back. Technically, we want to buy on retracements in an uptrend. Buying at supports could prove rewarding. Some numbers: Gearing level: 3.9% NTA per share grew to $1.60 Final dividend of 1.5c per share proposed. See slides ......