Summary of August 2026
Portfolio @ End of Aug26
KLCI stayed flat in Aug26 and my portfolio managed to register a small 0.5% gain, lifting the YTD gain a bit to 11.2%.
AAGB (AAX) was the main loser in the month in which it suffered a massive 24% drop from RM1.05 to RM0.795 in one month.
It continued to drop rapidly in Sep26 and plunged below 50sen, after the emergence of "rumour" that the government stepped in to ask its competitors to absorb its domestic routes.
This has forced Airasia's founder to break silence and reassure investors that AAGB is still in a good shape: "We are okay, we are sustainable".
Anyway, if the crude oil price remains elevated for a prolonged period of time, any good shape can quickly turn into bad shape.
