SG Investor Hub Blog

DBS Group share price in path of glory

Crisis? What crisis? On 11 November 2019, DBS Group confounded investors by delivering a surprisingly better-than-expected 3rd quarter financial results. Many investors had feared the worst for DBS Group share price due to the unfolding Hong Kong civil unrests, Singapore property cooling measures and the cuts in US Federal Reserves’ interest rates. Notwithstanding these challenges, the management navigated the storm relatively well and continued to post great results.

Question now is: will DBS Group share price recapture the height seen in 2018? Make no mistake, the slew of headwinds in 2019 had taken some shine off DBS Group share price as the market deals with the onslaught of uncertainties.

DBS Group share price

While DBS Group cannot control macro-economic conditions, the bank continued to power ahead with its business front. Compared to a year ago, total income for 3rd quarter surged 13% to $3.82 billion while net profit stormed 15% to $1.63 billion. Interestingly, against the backdrop of declining US interest rates, DBS Group actually increased its Net Interest Margin (NIM) to 1.9% from 1.86% a year ago. Return on equity (ROE) also reached a high of 13.4%. Given such stellar results, where will DBS Group share price go from here?

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Sunpower and Unusual – stocks with interesting charts (26 Nov 2019)

On 6 Nov 2019, I posted an article (using data as of 5 Nov) on my blog with regard to two stocks, namely ISOTeam and Sunpower (click HERE) for their potential bullish chart developments amid volume expansion. ISOTeam touched an intraday high of $0.250 last Friday and Sunpower traded to an intraday high of $0.600 on 18 Nov 2019 as compared to $0.240 for ISOTeam and $0.525 for Sunpower at the time of my write-up. Since then, Sunpower has seen some significant profit taking and touched an intraday low $0.510 on 21 Nov. For Sunpower, I have taken profit when […]

Sticking with Smartly robo advisor

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