Yang358

AAX vs Capitala

MYX_DLY:AAX   AIRASIA X BERHAD
GENM is leading the pack and followed by Airport and KLCC to benefit from the tourism boom and falling ringgit. Both AAX and Capitala performed badly in term of momentum analysis but logically speaking better avoid Capitala (still PN17) and for exposure to aviation sector AAX will be better bet but keep in mind the weakening ringgit will have negative impact on their profitability as jet fuel is priced in USD and air ticket is priced in MYR.
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