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Pelikan – have you missed the boat?

Pelikan is a Bursa global stationery company. In terms of revenue, it is about 3 times larger than my reference stationery company – Asia File. However, except for the past 2 years, its ROE was worse than that of Asia File for the past decade.
Pelikan share price has risen over the past 2 years to reflect its better ROE as can be seen from the chart. I am not sure whether you would have missed the boat from a fundamental perspective
Pelikan – have you missed the boat?
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