CapitaMalls Asia - A Good Stock to be in Portfolio

CapitaMalls Asia, which is seen as a good proxy to China's economic recovery, rose 2.4 percent to S$2.16. It is the strongest performer on the STI so far this year, rising 8.8 percent. Last year, it surged 71.7 percent, beating the benchmark's 19 percent gains.

CapitaMalls will be a strong beneficiary from China's focus on growing its domestic private consumption as it has 59 shopping  centers  in the country.