10-12-2023, 08:30 AM
When you compare Carimin ROE over the past decade with my 2 reference Bursa energy services companies – Dayang and Deluem you will find the picture as shown in the chart
![[Image: Carimin-vs-Deluem-Dayang.png]](https://i.postimg.cc/J4K9HKq5/Carimin-vs-Deluem-Dayang.png)
In the first half of the decade, Carimin ROE was not the best. But in the second half, it had improved and is comparable if not better than the reference companies.
When you look at Carimin REO vs its share price trend, you may have to think twice before going in.
![[Image: Carimin.png]](https://i.postimg.cc/Vk62qMZQ/Carimin.png)
But this is just a quick-and-dirty look. The only way to resolve this is for a detailed fundamental analysis of Carimin and then compare the intrinsic value with the market price.
In the first half of the decade, Carimin ROE was not the best. But in the second half, it had improved and is comparable if not better than the reference companies.
When you look at Carimin REO vs its share price trend, you may have to think twice before going in.
But this is just a quick-and-dirty look. The only way to resolve this is for a detailed fundamental analysis of Carimin and then compare the intrinsic value with the market price.