KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
China Suntien Green Energy has been a five-year stock market darling , returning a stunning +189% to long-term shareholders. But behind the impressive share price rally, a key metric is raising red flags. Return on Capital Employed (ROCE): A Closer Look ROCE is a valuable measure that tells us how effectively a company reinvests its profits . Ideally, we want to see companies not only reinvesting — but doing so at increasing rates of return . Unfortunately, that’s not what’s happening here . ROCE = 6.0% , based on EBIT of CN¥3.8B and capital employed of CN¥64B. Down from 7.8% five years ago. That’s a declining trend , and while 6% is close to the industry average, it’s not compelling — especially in the high-growth world of green energy. Capital Is Going In, But Not Much Is Coming Out Suntien is increasing its capital base — but sales have barely budged over the past 12 months. This might mean: Management is i...