This was due to an 87% increase in net allowances to $815 million as residual weak oil and gas support services exposures were classified as non-performing assets (NPAs).
SINGAPORE (Nov 8): Maybank Kim Eng is maintaining its “hold” call on DBS Group with a higher target price of $22.75.
This came on the back of DBS’ results announcement on Monday. The group’s 3Q17 earnings dropped 25% to $802 million from a year ago.
