5 Singapore Stocks Warren Buffett Will Feel Comfortable Buying: VICOM Ltd

VICOM is a leading provider of test and inspection services for vehicles and in fields such as mechanical, biochemical, and civil engineering.

The group has a 73% market share in the vehicle inspection market, giving it a sturdy competitive moat in this sector.

VICOM also reported an encouraging set of financials for 2022.

Revenue rose 7.3% year on year to S$108.3 million while net profit inched up 5.7% year on year to S$26.2 million.

The inspection specialist also reported healthy free cash flow generation for both 2021 and 2022.

A total dividend of S$0.0664 was declared for 2022, lower than the S$0.0828 paid out last year, as last year’s payout included a special dividend of S$0.02.