S$32 Billion in Pipeline, S$0.03 in Dividends: Auditing DBS's Buy Call on Seatrium 🦖
🔍 The Angle
S$32 billion sounds like strength, but the real tension is that Seatrium is still financing a turnaround, not paying an income stream. I’m looking at the gap between pipeline excitement and the part of the business that actually puts cash in your pocket.
💰 What It Means For You
For CPF and SRS money, the uncomfortable part is simple, the stock still only throws off S$0.03 a share. Iggy’s Forensic Zone: Zone 5, Red Zone, which tells you the balance sheet is cleaner, but the income case is still not there yet.
📺 YouTube: https://youtu.be/N6yrDQSeKoc
📩 Substack: https://investingiguana.com/p/s32-billion-in-pipeline-s003-in-dividends
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