Shares & Derivatives
This Blue-Chip Stock Has Fallen Nearly 10% From its All-Time High: Is It a Buy?
By The Smart Investor  •  March 17, 2022
It can be tough to bring yourself to buy a stock that’s scaling a new all-time high. When a business is doing well, investors will naturally bid up its share price. However, weak short-term sentiment may lead to a sharp decline in share prices across the board, including blue-chip stocks. Such falls may present a great opportunity to accumulate shares of strong, well-run companies. Recently, the share price of Singapore’s largest bank, DBS Group (SGX: D05), fell nearly 10% from its all-time high close of S$37.25. Are the lender’s shares worth accumulating, or should you hold back? Robust financials First, let’s examine the financial standing of the bank as it navigates the choppy economic landscape over the last two years. The bank recently reported a record net profit of S$6.8 billion for its fiscal 2021 (FY2021). This stellar performance came about despite a 7% year on year fall in net interest income....
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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.
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