KLSE (MYR): CAPITALA (5099)
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Last Price
0.765
Today's Change
-0.025 (3.16%)
Day's Change
0.755 - 0.78
Trading Volume
16,505,600
2024-09-01
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Mabel
23,715 posts
Posted by Mabel > 2023-04-12 12:25 | Report Abuse
Meanwhile Mabel Air Asia has now broken the 80 sen Resistance. The next Major Resistance will be 88 sen. Mabel expects this resistance will break in 2 more weeks as it cums with the greatest restructuring plan for capital A and AAX. Both Airlines are flying high this week..
During pre-covid 19, AA has milked AAX, Indonesia, Thailand, Japan, India, Philippine Airasia to the bone so that AA can make the huge profit. Post covid19 when AAX start to make profit with independent third-party aircraft lessors and CapitA is now planning to inject CapitalA aviation with its billions in net liabilities to AAX in order to save CapitalA.
The group plans to announce the details of its PN17 regularisation plan by mid-April 2023 with completion expected by end-3Q 2023. The group plans to divest its aviation group to AirAsia X in exchange of shares for subsequent distribution to its shareholders.
Mabel continue to like CAPITAL A for it being a beneficiary to the recovery in air travel as the pandemic..
Captain Mabel Meow