Broadway Industrial Group (B69.SG) +3.6% at $1.16, extending largely steady rise since bottoming out at two-month low of $0.935 in late May, according to Dow Jones.

Interest driven by hopes for another quarter of resilient earnings (1Q10 net profit doubled on-year to $11.9 million) as customer orders pick up. Recent expression of interest by unnamed party in buying stake in rival Armstrong Industrial (A14.SG) also supportive of sentiment in sector.

CIMB, which has Outperform call, tips better-than-expected earnings, positive newsflow on chip sector as catalysts for Broadway, which makes foam plastic products used in electronics sector; lifts target price to $1.86 from $1.67 after increasing FY10-12 earnings forecasts by 8%-11% to assume higher sales, margins.

Immediate resistance at $1.20, last breached May 4.