UPA – overpriced?
Of the 4 Bursa stationery companies, UPA had the worst gross profit margins. If you are going to hunt in this sector, I would focus on Pelikan or Asia File.
![UPA – overpriced?](https://sgsnsimg.moomoo.com/102054460/editor_image/5ef60cf7102b3409b219996f8746da06.png/bigmoo)
The other feature of UPA is that its ROE had dropped by about half, its market price seemed to be holding. Does it meant that it is overpriced?
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