For many Singaporean investors, the New Year resolution must be to avoid losses in the stock market at all costs. Indeed, 2018 had been a terrifying year as numerous blue chips got thumped. DBS share price is no exception. Being one of the leading lights of Straits Times Index (STI), DBS endured a challenging year which saw new property cooling measures and global trade tensions roiling DBS share price.
On a brighter note, 2018 had been a milestone year for DBS as the bank celebrated its 50th anniversary. To put the icing on the cake, DBS had a better-than-expected financial results in 2018 as it emerged victorious from a devastating war against toxic loans farmed to the ailing oil and gas industry. On the basis of the 9MFY2018 results, full year net profit is very likely to exceed that of FY2017. Thus there is