Broadway

Hi Broadway surge 8.5 cents last Friday. Any idea what is the trend like in the following weeks?

Broadway is up 5 cents at 97.5 cents now. Company is widely expected to do well in 2010 by analysts. The DMG forecast is for 22% jump in net profit. Then the PE ratio is only 5X based on the recent stock price of 95 cents. The article that reported the DMG forecast is

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BROADWAY: Sweet 2009 profit surprise, analysts say \'buy\' www.nextinsight.net/content/view/2115/79/

Broadway, my other top pick for 2010 is also up 5 cents today. Have a good look at this Company. It is still cheap at 1.00.

Broadway just announced a 2c dividend payable early May.. I think it\'s still an attractive buy

Broadway\'s 1Q results just announced. Profit up big time! 121.4% year-on-year increase in profit after tax and minority interest to $11.9m from $5.4m. 11.2% yoy growth in revenue to $151.1m in 1Q2010 . That means their profit margin was fantastically higher. The chairman\'s words: “With this latest result, Broadway has achieved five consecutive quarters of earnings growth since the start of FY2009. We believe that our strong growth momentum can be sustained as our major customers in the HDD and semiconductor industries have guided for a stronger 2010 and we are in a prime position to benefit from this anticipated increase in demand.\"

1Q2010 SGP manufacturing sector expanded by 32.9% year-on-year. The electronics cluster enjoyed the strongest growth, underpinned by strong global demand for semiconductor chips.