DBS is one of my core holdings, accumulating it when there are major crashes or good dips. Although the fundamentals are pretty solid, the current valuation seems stretched, with forward expectations fully priced in. A strong rally eventually needs a good reason to support it's run and and in the coming earnings report, we will test the market sentiments.
Hi there, great observation. I believe you may have heard there 2 classical mantra: (1) "Buy the rumour/fact, sell the news", (2) The stock market is a voting machine in the short term, but a weighing machine in the long term - I.e. ran by sentiments in the short term but fundamentals in the long term.
@TigerOptions and @My_Market_Diary offers complementary views covering macro to micro. I am hard pressed to down select either of them. Of particular, the points on investors now having a direct strategic AI HBM play and the risk of trading ADR premium are my key takeaways. @Soyabean89 are you trading $SK hynix(SKHY)$ ?