19-06-2023, 07:58 AM
The Bursa steel sector is a tough sector to be in as illustrated by the chart below taken from my article A tough 12 years for Bursa Malaysia steel companies
You can see that over the past 14 years, the mean ROE was in negative territory for most of the time.
![[Image: Steel-sector-update-ROE.png]](https://i.postimg.cc/4dzsrqGh/Steel-sector-update-ROE.png)
In my analysis, I found 4 companies with average ROA greater than 8% over the past 2 years. Astino was one of them. To be transparent, I invested in Astino years ago so I am wondering whether there is another opportunity to make money. But this of course required more in-depth analysis as my previous one is outdated.
You can see that over the past 14 years, the mean ROE was in negative territory for most of the time.
In my analysis, I found 4 companies with average ROA greater than 8% over the past 2 years. Astino was one of them. To be transparent, I invested in Astino years ago so I am wondering whether there is another opportunity to make money. But this of course required more in-depth analysis as my previous one is outdated.