I've recently purchased some small lots of Vicom Ltd at an average price of S$4.91 (See my transactions here).

 

 

 

I've been bracing up for more defensive plays in recent weeks in view of the market euphoria from DowJones and S&P to STI. I tend to be a bit cautious when everyone is too optimistic. I feel like it is about time I should rebalance the higher gearing shares in my portfolio to those with stronger balance sheet in view of the rising interest rates we might probably see by end of the year. Neratel, ST Eng, Boustead and most recently added, Vicom are a few exemplary leaders in my new look portfolio with a very strong balance sheet - net cash, no debt.

Why did I purchase Vicom?

 

Vicom's nature of business is no stranger to anyone.

 

It has a great business moat with steady earnings profile and strong balance sheet. Most recently, it announces a ...