Eight lessons from 11 years of owning Vicom
The company’s business stands to benefit from a greater population of ageing vehicles, higher inspection fees and the emergence of private-hire cars and PMDs
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IF YOU own a car or motorcycle in Singapore, you would have heard of Vicom .
Vicom, which stands for “Vehicle Inspection Company”, was incorporated in 1981 and listed in 1995. The company’s testing and inspection business extends beyond vehicles to other fields, such as civil engineering, biochemical and mechanical. Parent company ComfortDelGro owns slightly more than two-thirds of Vicom.
As an investor since August 2011, I’ve learnt a thing or two after holding the shares for over a decade.
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