Warren Buffett declared : We can perfectly well buy businesses that don't grow at all. If the business is satisfactory we will gladly own them.
Translation? If the cash gushes & the capex is low, you have got a financial geyser. If a company prints money without needing to reinvent itself every quarter, it is not boring, it is beautiful.
DBS fits Buffett model of high cash flow & eternal compounding.
Dividend Royalty : DBS yields over 4%, paid out every quarter.
DBS is a cash flow machine. With net profit crossing SGD 2.5 billion per quarter, DBS does not chase growth. It commands it.
DBS CET1 ratio is 15.2% - fortress grade.
DBS is the kind of stock that I would hold forever. No drama, just deposits & dividends.
DBS is my favourite cash cow.
@Tiger_comments @TigerStars @CaptainTiger @TigerClub @Tiger_SG
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