Hello pinkowl, thanks for your message..an hour ago I replied your message but didn' t go through not sure whether is it becos sj blacklist me for giving recommend :p during time of turbulent there are negative news, rumour n etc affecting our investment decision. Some are valid n some are not thus we have to refer back to the financial statement n the company past performance to determine whether is it a viable investment option. Although past performance can' t guarantee the future it does tell u how the management conduct it' s business operation. Currently many investor are worried of the increased in loan provision by banks from sg, hk n prc..in evaluating a company we focus on its operating profit which is the core performance of the company..loan provision will be added back into its cashflow becos it has already been taken out from the balance sheet (by deducting loan provision from the cashflow will be a double deduction) n we should not take provision amount declared by the bank not becos that we can' t trust them is more for conservative reason..personally I always increase the provision given by the bank by 100% meaning I give 200% provision for its bad debt thus im not affected by bad news from swiber case becos it is already more than accounted for. I have explained the technical part of adjusting the cashflow n balance sheet to other member before, u can refer to history if u want to know n details. Thus by looking at the operating income before loan provision, DBS has continue to grow in q2. Only ocbc have it' s operating income fallen, some of the hk n prc banks also have minor reduction in their operating income. For the past 10 years DBS have registered growth in its operating income except for 2008 it' s operating income fell by about 5%. Comparing to the peer from the western bank that have it' s operating income shed by 50% our local bank management is prudent. The current share price of DBS represent a 30% reduction in operating income n it basically provided a very good margin of safety to your capital. You can consider to split your capital into two buy. One for the current entry n second entry at sgd12 plus which represent a 40% reduction in operating income (quite unlikely to happen but no harm to play safe). The valuation indicated will not be reflected immediately becos mkt is very pessimistic now. It may take months to years to realize n you will see result as time goes by. Try to maintain a calm mindset, cautiously optimistic, focus more on your daily life n less to the media n stock price movement. You are right not becos u think that u r right is becos u have hard fact to support your decision. Got to be patience..all the best to you:)