You might have recalled I re-initiated a position back in Vicom just last month (See here) so when someone alerted me today that they were revising their fees I was interested to look at it.
This wasn't yet officially announced in the sgx announcement so some vested shareholders might miss the news.
New revised fees w.e.f 1 Nov 2017 |
As you can see from the breakdown, the revised fees aren't very significant from a car owner perspective in terms of dollars and sense. In fact, it's probably just enough to cover an incremental cost of the overhead due to inflation next year. They've been very conservative in raising the price.
This news came about after LTA announces that it will cut the growth of vehicle on the street to 0% from FY18 onwards. What this means in terms of impact is probably more COE being extended ...