Divest CapitaMallAsia to Ho Bee just recently. Made a small loss as my average price is 1.85. Believe the future capital gains of Ho Bee will offset and reap in better rewards.

Initially I was optimistic on CapitaMallAsia prospect, given that they had plans to expand in China and that the price was trading below IPO of 2.12. On hindsight, I could have sold at $2 for minor gains when the price shoot up.

Though we understand the retail market in China has untapped potential especially the inner cities (consider the demographics, income and expenditure patterns of the mid-to high income Chinese - luxury goods purchases for example), however I expected the time frame to be longer for CapitaMall Asia to reap in realized profits. At the moment, the ROE back to investors is single digit, lesser than 10%.

On the other hand, there was country risk (i.......