https://sg.finance.yahoo.com/news/dbs-q3-profit-surprise-slide-five-low-oil-034836345--finance.html
We did warn about DBS's 2nd half earnings because DBS had been very secretive about its loan exposure to the oil & gas industry.
http://sg-stock.blogspot.sg/2017/08/watch-out-for-dbss-2nd-half-earnings.html
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https://sg.finance.yahoo.com/news/dbs-profit-sinks-bank-tries-put-bad-energy-loans-behind-published-nov-6-2017-85523-013901195.html
DBS has a bad debt allowance for 1.66b compared to 261m last year.
A big surge in bad debt allowance! Why? The CEO said the worst was already over some months ago.
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