Kospi Surges to Lead Stock Gains in Asia After Mideast Ceasefire
Asia's stock benchmark climbed the most in seven weeks, led by technology shares, as risk sentiment improved after US President Donald Trump announced a tentative ceasefire between Israel and Iran.
The MSCI Asia Pacific Index advanced as much as 1.8%, the most since May 2. Semiconductor names including TSMC, Samsung Electronics and SK Hynix were the top contributors to its gain. South Korea's benchmark Kospi index jumped almost 3% to lead a broad regional advance, extending its outperformance to Asian peers this year.
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Raffles Education (SGX:NR7) Shareholders Will Want The ROCE Trajectory To Continue
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So on that note, Raffles Education (SGX:NR7) looks quite promising in regards to its trends of return on capital. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Raffles Education is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.017 = S$15m ÷ (S$1.1b - S$159m) (Based on the trailing twelve months to December 2024). So, Raffles Education has an ROCE of 1.7%. In absolute terms, that's a low return and it also under-performs the Consumer Services industry average of 9.8%. Check out our latest analysis for Raffles Education Historical performance is a great place to start when researching a stock so above you can see the gauge for Raffles Education's ROCE against it's prior returns. If you'd like to look at how Raffles Education has performed in the past in other metrics, you can view this free graph of Raffles Education's past earnings, revenue and cash flow. While the ROCE isn't as high as some other companies out there, it's great to see it's on the up. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 495% over the last five years. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. On that front, things are looking good so it's worth exploring what management has said about growth plans going forward. As discussed above, Raffles Education appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. Astute investors may have an opportunity here because the stock has declined 65% in the last five years. So researching this company further and determining whether or not these trends will continue seems justified. Raffles Education does come with some risks though, we found 2 warning signs in our investment analysis, and 1 of those can't be ignored... If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
