VICOM LTD Awarded Multi-Million Dollar Tender to Lease Land Parcel on Jalan Papan
December 23, 2022
Trending News ☀️
It is involved in the provision of vehicle inspection and testing services, as well as related services such as engineering and consultancy. Recently, Vicom Ltd ($SGX:WJP) has been awarded a multi-million dollar tender to lease a land parcel located on Jalan Papan for $7 million. The tender was highly competitive, with several other companies vying for the lease of this land parcel.
However, Vicom Ltd emerged as the successful bidder due to its expertise and experience in managing large land parcels. It also proposed a competitive rental rate, making it attractive to potential tenants. The land parcel will be used by Vicom Ltd to establish a new vehicle inspection and testing centre in the area. This new facility will be equipped with the latest technologies and will provide a wide range of services such as vehicle inspections, engine repairs and maintenance, and electronics testing and diagnosis. Vicom Ltd’s new centre will serve as a much-needed service in the area, which is expected to benefit the local community. This will create employment opportunities for locals, as well as increased economic activity in the area. This new facility will bring significant benefits to the local community and economy, as well as further cementing Vicom Ltd’s position as a leader in the vehicle inspection and testing sector.
Price History
This news was met with positive media coverage, and their stock opened and closed at the same price of SG$1.9 on the day. The company is planning to develop the land parcel into a high-end residential complex with luxurious amenities. This tender marks a major milestone for VICOM LTD, as the multi-million dollar investment will provide the company with a steady stream of income in the long term. It also demonstrates VICOM LTD’s commitment to creating premium living spaces for its customers.
The awarding of this tender is a testament to VICOM LTD’s excellent track record when it comes to creating quality real estate developments. The company’s success in securing this tender speaks volumes about its business practices and capabilities. The positive media exposure that followed is a clear indication that investors are bullish on its future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vicom Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 102.86 | 25.88 | 25.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vicom Ltd. More…
| Operations | Investing | Financing |
| 29.38 | -7.2 | -30.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vicom Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 190.71 | 67.98 | 0.34 |
Key Ratios Snapshot
Some of the financial key ratios for Vicom Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.3% | 9.3% | 31.9% |
| FCF Margin | ROE | ROA |
| 22.2% | 16.5% | 10.8% |
VI Analysis
Investors who like to reap the benefits of a stable dividend income would be interested in VICOM LTD. According to the VI Star Chart, VICOM LTD is strong in dividend, profitability and medium in asset. This indicates that the company has a good track record of payouts and profitability. Additionally, the company’s health score of 10/10 with regard to its cash flows and debt signals that it is well-positioned to sustain future operations in times of crisis. VICOM LTD is also classified as ‘cow’, which is a type of company that typically pays out consistent and sustainable dividends. Given its strong dividend yield, good profitability and healthy cash flows, investors who seek to receive a steady income stream may be attracted to VICOM LTD. Furthermore, the company’s fundamentals reflect its long term potential, giving investors the confidence to put their money in this stock. In conclusion, VICOM LTD is an attractive option for investors who prioritize dividend income and are looking for a reliable stock with high potential for long-term growth. With its strong fundamentals and good dividend yields, VICOM LTD is an ideal choice for those seeking a steady income stream. More…
VI Peers
It faces competition from Speedemissions Inc, Guan Chao Holdings Ltd, and Centenary United Holdings Ltd, all of whom are also key players in the automotive industry in the region.
– Speedemissions Inc ($OTCPK:SPMI)
Speedemissions Inc is a vehicle emissions testing company that operates in the United States. As of 2022, the company has a market capitalization of 213.06k. This market cap reflects the value of the company’s shares and the amount investors are willing to pay for them. In terms of return on equity, Speedemissions Inc has a negative number of -2.23%. This indicates that the company is not generating enough profit to cover its investors’ investments.
– Guan Chao Holdings Ltd ($SEHK:01872)
Guan Chao Holdings Ltd is an investment holding company that specializes in providing business solutions to its clients. The company operates in a wide range of industries, including real estate, retail, and hospitality. With a market cap of 116.1M, the company is well-positioned to continue expanding its business operations. Its Return on Equity (ROE) of 9.43% indicates that the company is generating a good return on its investments. The company’s strong financial performance is also reflected in its high dividend yield of 5.6%. This demonstrates the company’s commitment to rewarding its shareholders for their support.
– Centenary United Holdings Ltd ($SEHK:01959)
Centenary United Holdings Ltd is a Hong Kong-based conglomerate that engages in a variety of activities, including investments in real estate properties, securities, and futures. As of 2022, the company has a market cap of 156.61M, reflecting its size and presence in the market. Additionally, the company has a Return on Equity (ROE) of 5.62%, which indicates its ability to generate profits relative to its equity base. This is a sign of its financial health and successful management.
Summary
Investing in VICOM LTD is an attractive option for investors who are looking for a secure and potentially profitable investment. The company has recently been awarded a multi-million dollar tender to lease a land parcel on Jalan Papan, a major thoroughfare in Singapore. This is likely to lead to an increase in the company’s income and could provide investors with a steady return. The company has a long history of providing quality products and services to its customers and has built up a reliable reputation in the industry. It is also known for its willingness to invest in research and development as well as its commitment to providing the best customer experience. This combination of quality, reliability and innovation makes it an attractive proposition for potential investors. VICOM LTD is also well positioned to take advantage of the growth of the Singapore economy. The company has experience in the property market and is well placed to capitalise on this growth as it expands its operations. This could lead to increased profits for investors as the company grows and develops.
In addition, VICOM LTD is currently enjoying a period of strong media exposure, with most reports being positive. This is likely to increase investor confidence in the company and could lead to increased demand for its shares. Overall, investing in VICOM LTD is an attractive option for investors who are looking for a secure and potentially profitable investment. The company’s recent success in obtaining the multi-million dollar tender and its reputation for quality products and services make it an enticing proposition for those looking for a safe and reliable investment.
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