BROADWAY INDUSTRIAL . ripe for picking now!

ZEN
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12 years 4 months ago - 12 years 4 months ago #7903 by ZEN

BROADWAY INDUSTRIAL . ripe for picking now! was created by ZEN

Established since 1969, Broadway Industrial Group is a global leader in the manufacture of precision-machined components and foam plastic solutions provider. The Group was listed on the Singapore Exchange Main Board in 1994.
Through its wholly-owned subsidiary Compart Asia, the Group is one of the top manufacturers of actuator arms and related assembled parts for the global hard disk drive ("HDD") industry. Leveraging on its expertise in precision machining, Compart is also expanding into the manufacture of precision components for the electronics, semiconductor, automotive and other industries.

With over 40 years of track record, Broadway is also a leading provider of eco-friendly foam solutions for packaging, insulation, automotive, medical and other applications. With its emphasis on innovation, quality and reliability, Broadwayâs foam plastic division has developed a strong pool of global customers in the automotive, consumer electronics, construction, shipbuilding and other emerging industries.

Headquartered in Singapore, Broadway comprises of over 14 manufacturing facilities in China, Thailand and America.

Last edit: 12 years 4 months ago by niadmin. Reason: uncapitalise some words in headline

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Val
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12 years 4 months ago - 12 years 4 months ago #7906 by Val

Replied by Val on topic Re:BROADWAY INDUSTRIAL . ripe for picking now !

I think its 4Q results will be pretty bad -- after the Thai floods which disrupted the operations of its subsidiary in Thailand.

Last edit: 12 years 4 months ago by niadmin.

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ZEN
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12 years 4 months ago #7915 by ZEN

Replied by ZEN on topic Re:BROADWAY INDUSTRIAL . ripe for picking now!

very cheap price to accumulate now

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marcus168
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12 years 4 months ago #7917 by marcus168

Replied by marcus168 on topic Re:Re:BROADWAY INDUSTRIAL . ripe for picking now!

Me will avoid this stock. Intel is pushing for ultra book to replace traditional Laptop. If they are successful, within 1 years, 50% of hard disk demand will be replaced by DRAM. Unless they can migrate their business out of hard disk, else don't think their share price will perform even it is trading at cheap valuation.

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Val
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12 years 4 months ago #7922 by Val

Replied by Val on topic Re:BROADWAY INDUSTRIAL . ripe for picking now!

Broadway, based on past record, can be expected to declare 1-c final dividend (when it announces its full year results). The 1-c is after adjusting for last year's bonus issue of 1 bonus share for 1 share. So the dividend yield is about 3.3% -- so-so only but a consolation if you want to buy and hold for its profits to normalise (after a disastrous 4Q becos of the flood).

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yeng
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12 years 4 months ago #7977 by yeng

Replied by yeng on topic Re:BROADWAY INDUSTRIAL . ripe for picking now!

Mr Zen, u kow cimb today not happy with broadway -- so how?

52 week low alert! - Broadway International's share price just hit its 52 week low of S$0.255 last Friday (Bloomberg). The flood in Thailand is in the price and one might be thinking if now is a good time to pick up some shares in this Company. Although the worst may be over, it could take a few quarters before Broadway can start posting better earnings and earn a re-rating. Could it be a case of dead money for 1H12, at least if you initiate a position now?

We have an Underperfom, TP S$0.26 on Broadway. If you still have no idea how bad earnings will be SGX-listed HDD component suppliers, just have a glance at Cheung Woh and Miyoshi's results. If you must buy into the HDD supply chain, you could consider JCY International (Outperform, TP RM 1.54) where we expect positive earnings surprise to continue for the next few quarters.

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