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SOLD: CapitaMall Trust (CMT) – Killed my golden goose
By CompoundingDividendxDividend  •  December 9, 2018
Sold my 16,500 shares of CapitaMall Trust (CMT) on 6th Dec at $2.25
Total profit, including dividend, of $9497.26 (30.19%) in 2 years 1 months.
Reasons for selling it:
  1. One day after I sold my stock, CMT reached a record high of $2.30 today before closing down at $2.27. However, for the past 5 years, CMT could not pass the ceiling of $2.28. Thus, limited capital gain upside at current price $2.25
  2. For the past 5 years, there is at least once per year CMT will drop to $1.95. Thus, my next round of entry into this stock is around that price.
  3. Took profit of 3 years worth of upcoming dividend through capital gain. This mean I can afford to wait for 3 years at the sideline for the price to drop to near $1.95
  4. PB around 1.13 - The highest among Retail
    Source: http://mystocksinvesting.com/singapore-reits/price-nav-range-chart/singapore-reit-price-nav-range-chart-dec-2018/
  5. The market have priced in the newly acquired 70% stake in Westgate and the soon to open Funan in Q2 2019 ...
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By CompoundingDividendxDividend
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