Published on 29 May 2024 on Simply Wall St. via Yahoo Finance
Are Strong Financial Prospects The Force That Is Driving The Momentum In Chin Hin Group Berhad's...
Most readers would already be aware that Chin Hin Group Berhad's (KLSE:CHINHIN) stock increased significantly by 73% over the past three months. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Chin Hin Group Berhad's ROE.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.