Thesis
DBS Group Holdings (DBSDF) is a leading financial services company in Asia with dominant market positions in many segments. Headquartered and listed in Singapore, the company is well positioned in the growing markets of Greater China, South East Asia, and South Asia. The company is conservatively managed and pays a 4.8% yielding dividend that is covered 2x over by earnings, which makes it a solid pick for income investors.
The Company
DBS Group Holdings is the largest bank in Singapore and the largest component of FTSE Straits Times Index.
Singapore's strength as a financial