MYR strengthens: Of Malakof, Capitala and Genm Part 2
A long and unforeseen journey. I have been holding capitala long before covid which over the years have treated me well, achieving capital gain as well as dividends payout of 64 cents and 90cents in 2018 and 2019 respectively.
however, things deteriorated after covid and had remained not well even after post covid. falling into PN17 ever since but still i kept on , pinning hope on Malaysia biggest airline.
there’s light at the end of the tunnel. Maybe things have finally turned for the better for us shareholders especially for the coming 3rd and 4th quarter. Reasons being
1) average brent crude oil has been trending down from a high of rm90 usd in april to a low of rm68usd in September
2) ringgit has been one of the best performing currency in the world since july 24, having appreciated from a low of 4.71816 against usd to a high of 4.12493 on 30th September 2024. this shall bode well for capitala and hopefully will lessen forex losses
3) improved tourism in malaysia , inbound traffic from china and India tourists due to visa exemptions as well as outbound traffic due to strengthening ringgit
4) Non aviation segments of capitala especially teleport and MRO gaining traction.
current price 0.98, already 15% gain from my average price. Fingers crossed hope for the better and may capitala will bring us fly again.
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Aspiring entrepreneur who wants to make investment as a second source of passive income
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