15-01-2024, 09:25 AM
Uzma is a Bursa energy services company whose ROE over the past decade is about the same as that for my Bursa reference company – Dayang.
The unusual thing is that I could not find any meaningful correlation between its revenue and the Brent crude oil prices. This is from both a one to two years lagging and leading perspectives. I interpret this to mean that its performance is not so linked to crude oil prices.
When you compare its ROE trend with its share price trend, you can see that the share price has yet to catch up with the improved performance. This is a counter worth digging deeper into.
The unusual thing is that I could not find any meaningful correlation between its revenue and the Brent crude oil prices. This is from both a one to two years lagging and leading perspectives. I interpret this to mean that its performance is not so linked to crude oil prices.
When you compare its ROE trend with its share price trend, you can see that the share price has yet to catch up with the improved performance. This is a counter worth digging deeper into.