Singapore Stock Market News
Broadway Industrial Group - Higher efficiency needed
StockFanatic
Publish date: Wed, 31 Jul 2013, 01:11 PM
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
* Broadway's 2Q13 net profit of S$0.16m came in below forecast
* FY13/FY14F earnings cut by 44-48%
* More restructuring to optimise operations and lift
margins; recovery pushed back to 4Q13
* Maintain Hold and TP of S$0.30 (~0.6x P/BV)
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