31 Jul '16, 7am

Cory Diary : Did DBS got SWIBER’ed: The Swiber collapse put a possible dent of $350 M into DBS after secured.…

The Swiber collapse put a possible dent of $350 M into DBS after secured. Unsecured asset to me doesn’t mean no value, just much lesser especially during a poor market condition. Even then, I am surprise the total loan exposure is in the tune of $700 M. In my previous reading just 2 weeks ago on Q1 DBS result, it has a profit on $1.234 B. It has an allowance in the report of $170 M. If is a one-off thing, is a good thing to buy on dip. However are we ? DBS has to put it whole segment of this portfolio under review again. Q2 may be exciting to read if they allow ! Another question in my mind is whether the Market has fully downgrade Banking from last year level. If so, what we are seeing now is just market sentiments. What we do know is that Oil …

Full article: http://thefinance.sg/2016/07/31/cory-diary-did-dbs-got-sw...

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Cory Diary : Did DBS got SWIBER’ed: The Swiber ...

thefinance.sg 31 Jul '16, 7am

The Swiber collapse put a possible dent of $350 M into DBS after secured. Unsecured asset to me doesn’t mean no value, jus...

Swiber : What Lesson Did I Learn???: Quite numb...

thefinance.sg 31 Jul '16, 3pm

Quite number of articles written in the cyber world related to Swiber. What you should not do? What you should avoid? You ...

#singapore #sales Crystal Jade 25% off for DBS Cards: Crystal Jade 25% off for DBS Cards

#singapore #sales Crystal Jade 25% off for DBS ...

sgrate.com 01 Aug '16, 2am

[Promotion ] Citibank Cards 35% off Mid-Autumn Treats [Promotion ] NATAS Travel Fair 2016 [Promotion ] Crystal Jade 25% of...

WRAPUP 2-Singapore bank concerns grow on oil and gas sector as DBS reports Swiber exposure

WRAPUP 2-Singapore bank concerns grow on oil an...

reuters.com 29 Jul '16, 3am

* DBS discloses S$700 million exposure to Swiber * Singapore oilfield services firm Swiber says to liquidate * OCBC Q2 net...

Singapore's largest bank DBS says 2Q profit dro...

bloomberg.com 07 Aug '16, 11pm

DBS Group Holdings Ltd.’s second-quarter profit declined 6 percent as provisions for troubled energy-services firm Swiber ...