12-11-2023, 10:18 AM
Pelikan is a Bursa global stationery company. In terms of revenue, it is about 3 times larger than my reference stationery company – Asia File. However, except for the past 2 years, its ROE was worse than that of Asia File for the past decade.
Pelikan share price has risen over the past 2 years to reflect its better ROE as can be seen from the chart. I am not sure whether you would have missed the boat from a fundamental perspective.
![[Image: Pelikan.png]](https://i.postimg.cc/1tMk6dH4/Pelikan.png)
Pelikan share price has risen over the past 2 years to reflect its better ROE as can be seen from the chart. I am not sure whether you would have missed the boat from a fundamental perspective.