SINGAPORE (Aug 5): Shares of DBS are down 1.2% at $14.86, falling for the seventh successive session as financial specialists stress over the bank's presentation to the oil and gas segment.
DBS will report its 2Q profit from the get-go Monday. The bank is relied upon to build the provisioning for its introduction to organizations that give administrations and gear to seaward oil investigation and generation firms.
DBS said a week ago that it has a $700 million presentation to Swiber Holdings, the primary huge Singapore oil benefits firm to be constrained into legal administration, subsequent to being hit by low oil costs.
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