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Over the past 10 years, it only had positive ROE for 3 years. And of these, only one year was good with ROE > 10%. This is not a company I would dig deeper from a fundamental perspective
I am a value investor looking for underpriced stocks. As such I do tend to look for turnarounds ie I hunt in the lousy counters space. Unfortunately many lousy counters are just lousy.
Fundamental analysis is a time consuming process. So I used the ROE is a screen. I do not any issue with all the various comments on analyzing companies. My point is that I have not analyze CNAsia as it did not pass my screen.
