AirAsia X could double its stock price post-restructuring, says Hong Leong Investment
KUALA LUMPUR (Jan 23): AirAsia X Bhd (KL:AAX) could double its stock price in the next 12 months now that its restructuring is completed and industry tailwinds are blowing, said an analyst.
The reborn airline is expected to be a major beneficiary of the Visit Malaysia 2026 campaign, according to Hong Leong Investment Bank, which initiated a ‘buy’ call on the stock. Yields have also stabilised in recent quarters amid sustained demand and capacity constraints, the research house noted.
“We expect the enlarged group to benefit meaningfully from the campaign, given that a substantial portion of its aviation network is connected to Malaysian destinations,” Hong Leong Investment said.
Both AirAsia X and Capital A Bhd (KL:CAPITALA) have…
