DBS Group Holdings' crazy rise in price

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It wasn't too long ago that there was fear in the market and DBS was selling at below book value. Now the price has almost doubled from those days and according to ycharts, is at around 1.5 price to book value, a 5-year high. Fear or greed? Certainly book value may not be the best indicator of value but I would think that 1.5 is a bit too high.

If banks are flourishing but their prices are too high, one proxy to consider is companies that provide software services to banks.


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