Here's proof that CapitaMalls Asia is the superior competitor in China

What could be its weaknesses?

Barclays analysts visited CMA's six malls in Xi'an, Beijing and Tokyo as well as some of its competitors' malls. 

The trip reaffirmed their view that: 1) CMA's strategy and execution are superior to most competitors in China, although challenges could slow growth; 2) 'capital recycling' remains on the backburner, even for the mature-but-small Japan portfolio.

Here's more from Barclays:

Near-term earnings growth will be mainly driven by Singapore residential and new mall openings, as well as continued pick-up in yields at the 51 malls opened in China. 

We visited CapitaMall Xindicheng in Xi'an, the CapitaMall Tiangongyuan site and Grand Canyon Mall in Beijing. In our opinion, CMA's malls are superior in terms of execution and positioning to some of its immediate competitors. We also visited CapitaLandTownship's Xi'an township La Botanica and Poly Real Estate Group's residential project in Beijing, the latter selling well at 30-50% higher prices, reflecting strong home demand, especially in Tier 1 city suburbs.