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PR Newswire
22-06-2023, 07:35 AM
Ann Joo share price has been declining since Feb 2023. Are you surprised?
Its ROE in 2021 was 18% but this turned into a loss in 2022 with a negative 11% ROE in 2022. On the other hand the sector mean ROE was 11 % and 1 % for 2021 and 2022 respectively.
So the real question is whether the sector and correspondingly Ann Joo performance will be better in the coming few years. This will then affect the share price.
For more insights on the sector performance go to A tough 12 years for Bursa Malaysia steel companies
![[Image: Steel-ROE-2022.png]](https://i.postimg.cc/RVxJG1qB/Steel-ROE-2022.png)
Its ROE in 2021 was 18% but this turned into a loss in 2022 with a negative 11% ROE in 2022. On the other hand the sector mean ROE was 11 % and 1 % for 2021 and 2022 respectively.
So the real question is whether the sector and correspondingly Ann Joo performance will be better in the coming few years. This will then affect the share price.
For more insights on the sector performance go to A tough 12 years for Bursa Malaysia steel companies