Given the recent drastic increase in COVID cases, it will definitely affect our local business, less those high-end luxury goods brand (LV/ Chanel, etc), since consumers wants to spend, but no where to spend, i.e: overseas, leisure activities more or less are affected.
Will this affect DBS share prices? Please share your opinion. My POV, causes bullish decline. Since banking systems are positively correlated to business expenditure locally.
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