Invest
DBS and UOB Share Prices are Hitting New Highs: Can Their Run Continue?
By The Smart Investor  •  January 11, 2022
2022 may have just begun, but we are already witnessing a mini bull-run of sorts. Singapore’s blue-chip banks have been heading higher since the beginning of the year, propelled by optimism that they will ride the economic recovery. DBS Group (SGX: D05), the largest of the three, has risen by 7.4% to record a new all-time high of S$35.07. Meanwhile, United Overseas Bank Ltd (SGX: U11), or UOB, has jumped by 8.4% year to date to hit a 52-week high of S$29.16. OCBC Ltd (SGX: O39) climbed by around 6.1% to S$12.10. The rise in the share price of this trio of banks has lifted the Straits Times Index (SGX: ^STI) by 3.3% despite news on the spread of the Omicron variant. All three banks are set to release their fiscal 2021 (FY2021) earnings by early February. Can the banks continue their run and what should investors watch out for?...
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance