It can be exciting when share prices hit a high. This occurrence could imply that the business is doing well, or that investor sentiment towards these stocks is overwhelmingly positive. As such, you must find out the reasons behind the surge as sentiment alone may not sustain the increase. If the business is enjoying higher revenue and profits and/or declaring higher dividends, then the fundamentals would justify the share price rise. We highlight four stocks that recently hit their 52-week highs and try to determine if they can continue their run.

Singtel (SGX: Z74)

Singtel is Singapore’s largest telecommunications company and provides mobile, broadband, and pay TV services to consumers and cybersecurity and data centre services to businesses. The telco’s share price recently hit its 52-week high of S$2.68 and is up around 8.2% year-to-date (YTD). The blue-chip group announced two significant business developments in the past week....