LIFETIME MEMBERSHIP Man proposes, God disposes. This Valentine Day was supposed to be the day that DBS share price rocketed to high heavens. However, the looming Ukraine war gate-crashed to spoil the party for investors, causing Dow Jones to fall 500 points on 11 February 2022. In the aftermath, DBS share price had a minor correction. Question now is: will the full-year financial result set DBS share price on fire and brush aside the uncertainties of a potential Ukraine war?
Russia could be launching an attack on Ukraine, possibly on this Wednesday. The conflict would surely lead to massive uncertainties for the global stock market. DBS, being the leading light of SGX, would not be spared from the market carnage. Certainly, the unfolding event is bad timing for DBS share price as the bank delivered a set of stellar financial result. In this respect, investors should expect much volatility for DBS share price in the coming days.
It remains to be seen if the Ukraine-Russia conflict could really escalate to a war, so it is still premature to claim that it is the end of the road for DBS share price. At the point of writing, it seems that the record earnings for DBS has boosted investors’ confidence, thereby providing a key support for DBS share price.
Again, I must stress that the current bull run of DBS share price may not be sustainable in the context of a looming Ukraine war. Investors must be wary of the changing macro conditions and do risk management before investing in DBS shares. At the moment, investors must be savouring the outcome of the full-year financial result for FY2021.
As expected, DBS announced a record earnings. Net profit amounted to a record $6.8 billion. The net profit is more or less in line …Read more