Crisis? What crisis? DBS Group Holdings rubbished all talks of impending economic crisis by staging yet another blockbuster performance – net profit surged 28% to a record $5.63 billion. Total income increased 11% to $13.2 billion from loan and fee income growth. Despite the continued business momentum, DBS Group Holdings share price suffered an embarrassing loss of form throughout 2018. On this note, would DBS Group Holdings return to winning form in 2019?
Return of DBS Group Holdings share price
From a high of $30.80 in May 2018, DBS Group Holdings share price suffered a stunning meltdown to a low of $22.80 in October 2018. Following that 26% correction, DBS Group Holdings share price never really recovered. Many investors may be waiting at the sidelines and adopting a wait-and-see approach as a result of the shares volatility.
Notwithstanding the volatility in the share