Capital A’s focus on Asean market to bear fruit

PETALING JAYA: Capital A Bhd’s latest move to sell off its remaining AirAsia India (AAI) stake in India is seen as a positive development given the tough and competitive operating environment in the country, says Hong Leong Investment Bank (HLIB) Research.

The research house said Capital A is better off focusing and strengthening its position in the Asean market, of which it has operations in multiple countries.