Shares & Derivatives
Eight lessons from 11 years of owning VICOM
By The Smart Investor  •  December 2, 2022
If you own a car or motorcycle in Singapore, then you will probably have heard of VICOM Limited (SGX: WJP). VICOM, which stands for “Vehicle Inspection Company”, was incorporated in 1981 and listed in 1995. The group’s testing and inspection business extends beyond vehicles and includes other fields such as civil engineering, biochemical, and mechanical. Parent company ComfortDelGro Corporation Limited (SGX: C52) owns slightly more than two-thirds of VICOM. As an investor since August 2011, you learn a thing or two after holding the shares for over a decade. 1. Slow and steady wins the dividend race VICOM is not the most exciting business but it can hold its own when it comes to growth. Back in fiscal 2003, the firm generated revenue of S$47.8 million. Fast forward to 2021, and revenue has more than doubled to S$100.9 million. In other words, over the last 18 years, VICOM’s revenue has grown at a compound annual growth rate (CAGR) of 4.2%....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.

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