More Capitaland

Price has dropped to 3.12.
It is one of the first share I ever bought.
Previously I paid 3.76, around there.
That was many years ago, might be around the time of my first job, which is 7 or 8 years ago.
I still have that share.
So with this purchase, I have averaged out my purchase price to around 3.44.

Like it more, after reading more info about them.
SEA has growth potential, and to me buying their share means investing into SEA.
I read somewhere that 50% of their assets are in countries with matured economies, and the other half is on countries that are growing. For example Myanmar.
The decisions they make are also in line with my idea about the future.
Recently they sold 20 of their retail malls in China.
I liked the idea, as malls to me is going to be disrupted in China by eCommerce.
And also, China is aggressively building too many of it. I am guessing.

Their PE ratio is around 9.5, and dividend yield at 3.85%.
Dividend payout ratio is around 1/3 of their earnings.
Many people now think that the economy will be heading for a downturn.
And I also feel it may, and it may be a long one.
After hearing Jack Ma say the trade war between US and China may last 20 yrs.
But I will not stop buying and guess the bottom.
Rather I will try to slow down the buying, and remember to keep some bullets to buy more during the great discount sale.