Asked by Anonymous
Asked on 27 Sep 2018
VICOM Limited (SGX: V01) is a vehicle inspection company based in Singapore. They work on our infamous ERP and anyone who owns a car in Singapore would probably know about VICOM because we go to do inspection there very often as stated by law. Interested to know what the community thinks about this stock! Recommended by many financial bloggers for some reason...
It is definitely a good business but this stock is not as active as other stocks.
27 Sep 2018
Seems interesting as a business! I remember going to pay for my vehicle inspection also for the emissions and ERP stuff. Stable and cashflow businesses. That focuses on giving out dividends rather than agressive capital gains.
"As the market leader in the vehicle inspection business in Singapore, VICOM enjoys a stable, recurring stream of cash flow from the constant number of mandatory vehicle inspections performed every year. Beyond that, SETSCO gives its parent company an element of growth as it continually expands its presence in the TIC market.
VICOM is a solid, “boring” business that keeps going on and on and on — which is exactly the way I like it."