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Broadway Industrial Group is Undervalued, turn around play

Earnings nadir; rebound to pick up in 1Q12 as capacity is restored New customer and stable USD could drive earnings With the worst over and an improving outlook, Broadway deserves a re-rating to its historical mean of 0.87xPB or TP of S$0.44 Upgrade to Buy for 35% price upside and 6% dividend yield Earnings poised ...

 

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