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Revisions

DBS ‘dented’ but not sunk by Swiber

Jude Chan Published on Wed, Aug 10, 2016 / 1:28 PM GMT+8

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SINGAPORE (Aug 10): Investors looking on with bated breath for DBS’s 2Q16 results announcement on Monday amid questions over the bank’s exposure to Swiber's collapse can breathe a sigh of relief.

(See All eyes on upcoming DBS earnings report amid Swiber collapse)

“DBS recorded 2Q16 pre-provisioning operating profit growth of 11% y-o-y, which reflects the strength of its core operations,” says RHB analyst Lee Seng Choon.

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