Not any time soon, I reckon.
After witnessing the impressive rally that took place over the course of the past few weeks, I bought into DBS (D05) late at 17.80 with the intention of doing a bit of short-term trading. The stock has surged roughly 20% since Donald Trump was elected President of the United States, and it should continue to head upwards as we approach the New Year.
The Italian referendum took place on Sunday (4th December), and the Prime Minister has announced his resignation. DBS’s price seemed to be unaffected on Monday – the stock price only dipped slightly before recovering and powering up to 17.90+ amidst positive sentiment. The wave continued on Tuesday, kissing the 52-week high of 18.20 before closing at 18.16.
Third quarter performance (3Q2016) exhibited good numbers, with total income rising 8% against the previous year. Lower operating expenses caused …