Broadway Industrial Group

Global Economy

Briefs: Economists’ GDP forecasts unchanged; former Broadway Industrial Group CFO charged for insider trading

Former Broadway Industrial Group CFO Tan Chee Keong was charged in court on July 22 for insider trading.

Company in the news

Former Broadway Industrial Group CFO charged for insider trading

Two other individuals were charged as well.
Broadway Industrial calls off deal to sell hard disk drive business - THE EDGE SINGAPORE

Deals, joint ventures & alliances

Broadway Industrial calls off deal to sell hard disk drive business

Broadway Industrial has signed an SPA in Dec 2020 for the disposal of its HDD business for US$50 mil.

Company in the news

SGX RegCo queries Broadway Industrial on unusual trading activity as share price jumps 33%

SGX RegCo notes that this is second query issued to Broadway Industrial in the past four months.

SGX query

Broadway Industrial prompts SGX query as shares surge 48%

SINGAPORE (Dec 17): Broadway Industrial Group, the manufacturer of actuator arms for hard disk drives, has been issued with a query from the Singapore Exchange Regulation (SGX RegCo) after its share price surged 48.4% on Tuesday. 

Results

Broadway Industrial’s 2Q earnings more than treble on lower expenses

SINGAPORE (May 2): Broadway Industrial Group, the manufacturer of actuator arms for hard disk drives, saw 2Q earnings more than trebled to $588,000 from $160,000 a year ago on higher sales and lower expenses.

Broker's Calls

What's next for this company after disposing 2/3 of its main businesses?

SINGAPORE (Jan 10): After disposing of two out of three of its main businesses, Broadway Industrial Group looks to continue to explore new opportunities to further unlock shareholder’ value, according to CIMB Research.

Results

Broadway Industrial swings back to profitability with $0.4 mil earnings

SINGAPORE (Nov 8): Broadway Industrial Group has swung back into the black in 3Q17 on higher revenue and lower expenses from cost-cutting initiatives.

Results

Broadway Industrial posts 2Q loss as business environment stays challenging

SINGAPORE (Aug 8): Broadway Industrial Group, the precision components and form plastics producer, made a loss of $477,000 in 2Q17 compared to earnings of $215,000 in 2Q16.

Market Close

STI closes 0.1% lower at 2,841.19

SINGAPORE (Aug 22): Singapore stocks closed weaker on Monday evening.
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