VICOM Limited (SGX: V01) is a vehicle inspection company based in Singapore. Apart from our famous ERP, anyone who owns a car in Singapore would probably know about VICOM.
Yes, I know… all car owners have gone through the dreaded hassle of bringing your car to VICOM knowing that a failed inspection means having to go through the trouble all over again (not to mention forking out more inspection fees a second time around). However, if you come from an investor’s point of view, failed inspections and extra revenue may not seem like such a bad idea after all!
Unlike tech companies like Apple, Facebook, and Amazon, vehicle inspection is pretty much a boring business. You know, all the grease, oil, and mechanical work that gets your hands dirty. Then again, behind this boring business, VICOM Limited has been bringing in cash like clockwork just like what it’s supposed to ......