The banks have also cleaned up their oil & gas loan book under new reporting rules FRS 109.
SINGAPORE (Mar 5): DBS's windfall dividend was the most "exciting" event over the two months of earnings reporting, says CIMB, given 4Q17 was not an impressive quarter for Singapore stocks.
However, CIMB is still "overweight" on banks gong forward as they seem most defensive, trading at mean of CY18 1.35 times P/BV with 11.3% ROE.
