2.08 !

Go go go FLY !😀

2.04 already

rm4 is achievable...as big cup & handle pattern recently break out

PETALING JAYA: Capital A Bhd has clarified that there is no plan for a merger between AirAsia Bhd and AirAsia X Bhd (AAX), but a separate publicly-quoted aviation group will be formed under the proposed Practice Note 17 or PN17 exit strategy.

“The company wishes to clarify that the proposed plan is not a merger of AirAsia and AAX, but a potential disposal of Capital A’s aviation assets to AAX, in order to form a separate publicly-quoted aviation group comprising six airlines – four short-haul Asean airlines and two medium-haul airlines, namely, AirAsia, Thai AirAsia, AirAsia Indonesia, AirAsia Philippines, AAX and Thai AirAsia X,” Capital A said in a filing with Bursa Malaysia.

https://www.thestar.com.my/business/business-news/2022/12/07/no-merger-but-a-separate-entity-to-be-formed-says-capital-a

Next resistance Rm2.25

Should be strong support at rm2

At rm2...4.7M total value buy at the moment

A new public company will be set up to combine Capital A and AAX flight business' ... Air Asia Group...restructuring plan to lift up from PN17 ... combine short distance and medium distance flight

https://www.bangkokpost.com/business/2576715/sky-high-airfares-have-peaked-says-airasia-chief

https://www.nst.com.my/business/2023/05/912298/malaysia-be-first%C2%A0-southeast-asia-see-air-travel-industry-recovering

wow...flying