In today’s briefing:
- The Key to Higher Valuations for Mid-To-Small Caps Is Management’s Strong Will to Achieve Its Goals
The Key to Higher Valuations for Mid-To-Small Caps Is Management’s Strong Will to Achieve Its Goals
- Even companies with high valuations and return on capital have room to further raise their return on capital and valuations because of cash allocation challenges.
- Companies whose valuations have not changed over the past year have low ROE and ROA, yet have high policy shareholdings. They have not taken steps to improve return on capital.
- As for whether many companies without high foreign ownership can raise their return on capital and valuations, strong will of management to achieve their goals is necessary.
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