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19-01-2024, 09:02 AM
Wasco is a Bursa energy services company with a volatile ROE over the past decade. It ranged from negative 34 % to postive 12 % with an average of negative 3%.
Over the same period the ROE of my reference Bursa energy company – Dayang - ranged from negative 27 % to positive 22 % with an average of positive 5%.
Wasco did not perform as well as Dayang. But Wasco 2023 ROE based on Sep 2023 LTM results show that it is around its historical high. And with the news about coming high crude oil prices, it may mean that the 2024 ROE will also be good.
When you compare Wasco ROE trends with the market price, you can see a reasonable correlation. But the current market price has yet to reach its historical high. Is this a short term investment opportunity?
![[Image: Wasco.png]](https://i.postimg.cc/TYTvSy6J/Wasco.png)
Over the same period the ROE of my reference Bursa energy company – Dayang - ranged from negative 27 % to positive 22 % with an average of positive 5%.
Wasco did not perform as well as Dayang. But Wasco 2023 ROE based on Sep 2023 LTM results show that it is around its historical high. And with the news about coming high crude oil prices, it may mean that the 2024 ROE will also be good.
When you compare Wasco ROE trends with the market price, you can see a reasonable correlation. But the current market price has yet to reach its historical high. Is this a short term investment opportunity?