Hap Seng Consolidated Berhad's ROCE: Stagnant and Falling in KLSE

Hap Seng Consolidated Berhad's return on capital employed (ROCE) has stagnated at 7.7% over the past five years, failing to meet the trend of growing ROCE and expanding capital employed required for a multi-bagger stock. Despite a ROCE higher than the average 8.7% in the Industrials industry, the company's lack of growth in its key metrics indicates that it may not be a long-term compounding machine.

Independent chartist Quantum Ascend has issued a bullish technical analysis for Stellar's native token, XLM, predicting a potential surge of approximately 400%. The analyst projects that XLM's market capitalization could reach $60-71 billion, translating to a price target near $1.96 per token XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

Quantum Ascend's analysis is based on Elliott Wave theory, focusing on market capitalization rather than the dollar price. The analyst notes a significant divergence between XLM's price and market cap performance historically, with the latter up 52,000% since May 2016 compared to the former's 12,000% rise. This discrepancy is attributed to Stellar's evolving token supply structure, which includes periodic burns and distribution of treasury holdings XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

The analyst maps a cycle beginning in May 2016, identifying five waves up into January 2018's peak, followed by a new motive structure currently in progress. The primary price target of $1.96 per XLM is based on overlapping Fibonacci measurements from multiple timeframes, with an aggressive extension reaching $2.28 XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

As of September 11, 2025, XLM is trading around $0.386 with a $12.28 billion market capitalization. The projected $60 billion target represents approximately 4.9x appreciation from today's valuation, indicating substantial upside potential XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

However, it is essential to consider that Stellar's token economics, including periodic burns and distribution of treasury holdings, can complicate price calculations. The supply dynamics particularly affect comparisons across different time periods, supporting Quantum Ascend's market cap methodology XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].

While the $1.96 target would establish a new all-time high for XLM, surpassing the previous peak of $0.938 recorded on January 4, 2018, macro factors and supply dynamics could alter the timing and trajectory XLM Price Target Set at Nearly $2 in Bullish Technical Analysis^[1].