Daily Brief Singapore: Choo Chiang Holdings Ltd and more

• Choo Chiang is a leading distributor of electrical products in Singapore, benefiting from a strong brand presence, an extensive network of 10 retail branches, and a diverse product portfolio of over 30 third-party and two proprietary brands (‘CCM’ and ‘CRM’).
• The company demonstrates resilient financial performance, characterized by stable revenue streams, consistent profitability, and strong cash flow generation. A secondary revenue stream from a portfolio of 11 investment properties adds diversification.
• Shareholders are rewarded through a consistent dividend policy, with the company historically aiming to distribute at least 30% of net profits. The company’s strong balance sheet and positive operating cash flow support this shareholder return policy.

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