There are several reasons why a company’s share price rises.
Positive sentiment and sterling corporate results are two great examples.
Investors who are looking for a list of suitable investment candidates can start by filtering out stocks that have hit their 52-week or all-time highs.
These businesses could have interesting catalysts or robust earnings momentum that promise to lift earnings even higher.
Here are four Singapore stocks that recently touched either their 52-week highs.
Let’s dig deeper to determine if they should be included in your investment portfolio.
OCBC Ltd (SGX: O39)
OCBC is Singapore’s second-largest bank by market capitalisation.
The group saw its share price hit its all-time high of S$14.58 recently and is up 11.7% year-to-date (YTD).
The lender has benefitted from the recent surge in interest rates that helped to boost its net interest margin (NIM) and net interest income (NII).
For the first quarter of 2024 (1Q 2024), OCBC’s net profit rose 5% year on year to a...