DBS Group (SGX: D05)
DBS is Singapore’s largest bank by market capitalisation and offers a comprehensive range of banking, insurance, and investment services to its customers. Shares of the lender have risen by 6.7% year-to-date and recently hit their 52-week high of S$35.85. DBS announced a sparkling set of earnings for 2023 that saw the bank’s net profit hit a new record. Net interest income shot up by 33% year on year to S$14.3 billion because of overall higher interest rates....Everyone loves to see their stock hitting a high.
However, it is important to understand the reasons behind the stock’s rise.
Companies that are doing well and reporting strong revenue and earnings growth should justifiably see their share prices shooting upwards.
For such cases, it makes sense for investors to figure out if this performance can continue.
Here are three stocks that recently hit their 52-week highs where we dig deeper into their business to determine if their run can continue.
