KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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...