Let's assume a scenario where Thanos uses his infinity stones to destroy all the universe but two companies remain.
These are companies that remain in sgx listed where one company possess the best growth character in terms of large cap and another company that has the best defensive character.
The two remaining companies in the universe are DBS and Vicom respectively.
Why Choose DBS?
The reason why we choose DBS is because they're a beast. In short, they're our proxy for growth.
DBS is a player that shines in the face of strong economic growth.
In the face of strong economy, they prosper based on increasing SIBOR rates, NIM and loan credit.
They have diverse businesses local and overseas in different multiple geographical areas which reported very strong growth numbers over the years.
Their earnings yield have consistently gone beyond 10% yield and their return on equity have averaged at ......