VICOM Declares Special Dividend

VICOM has announced their FY18 full year results on 11th February 2019. I do not own VICOM in my stock portfolio, however I have previously added VICOM to my wife’s stock portfolio as the stock price of VICOM is fairly stable and requires little monitoring. If you did not know, VICOM is a subsidiary of ComfortDelgro.  VICOM currently makes up 11 percent of my wife’s entire stock portfolio.

The financial results was a piece of good news as a final dividend of 23.17 cents and special dividend of 8.62 cents was declared. Based on the current share price of S$6.28, this translates to a dividend yield of 5.06%.

The Group’s operating profit of $39.7 million for 2018 was $9.2 million or 30.3% higher than 2017. VICOM’s cash flow remains strong as the net cash outflow in 2018 was $3.4 million after dividend payments.

FY18 Full Year Financial Results

VICOM’s total revenue of $100.1 million for 2018 was $3.0 million or 3.1% higher than 2017 due to higher business volumes.

There is a one off other income of $7.7 million for 2018 which was derived from gain on the Surrender of Lease of the Property at 18 Teban Gardens Crescent to Jurong Town Corporation less provision for relocation costs to the new building.

31 Dec 2018 31 Dec 2017 31 Dec 2016
Revenue ($mil) 100.1 97.0 101.2
Operating Profit ($mil) 39.7 30.5 32.4
Profit Before Tax ($mil) 41.1 32.0 34.0
Profit After Tax & Non-controlling interests 34.7 26.5 28.2
Earnings per share (cents) 39.15 29.90 31.77

Free 2GB of Mobile Data Per Day

TPG Mobile is offering a free 12 months trial on their mobile service right now. I bet no Telcos in Singapore can offer you free 2GB of mobile data per day except TPG mobile. My current mobile plan offers only 3GB of data per month!

For those who are interested to sign up for the free trial, you can do so at their website. But please do take note that the registration is closed once they have enough registrations for the day. Even though their website has mentioned that they will open registration daily at 9am, the registration remained closed for a couple of days. I have to keep monitoring the registration page and I was lucky to register for the free trial when they opened last week.

Collection of the SIM card was easy at Shaw Center. You only have to flash the barcode in the email that TPG emailed you immediately after the registration and do bring along your NRIC for identification.

With such fantastic deal like above, it is no wonder TPG mobile can be a threat to Singtel, Starhub and M1.

Singtel Power Fixed Price Plans

This is probably old news. I only found out today that Singtel and Geneco has announced a partnership on 10th January 2019 to offer Geneco electricity plans. Singtel will be reselling these plans through Singtel Power. Since the electricity re-seller scheme has not been rolled out in the area that I am staying, I am still paying for electricity to SP Power (SP Group).

Below is the plan advertised by Singtel Power which looks very attractive to me as it offers up to 30% savings.

Fixed Price plans Fixed Price plans Discount off the Regulated Tariff plan
Contract term 36 months 24 months 24 months
Geneco electricity plan Get It Fixed 36 Get It Fixed 24 Get It Less  24
Price (incl. GST) 17.88¢ per kWh 17.98¢ per kWh 22% off regulated tariff
Estimated savings in reference to Q1 2019 regulated tariff 30% 30% 22%

T&Cs apply and rates are subject to change. 

Q1 2019 regulated tariff (incl. 7% GST) = 25.52¢ per kWh

Which re-seller of electricity have you switched to?