Asked on 16 May 2019
Discuss anything about Broadway Industrial Group Limited SGX: B69.SI share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell this stock on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment in Broadway Industrial Group Limited SGX: B69.SI
The company used to have two major business sector - selling of Hard Disk (HDD) for laptops and desktops and foam plastics and flow control device businesses. However they sold the more lucrative latter business in 2016 for 150 million.
Since then the HDD business is struglling and making losses because the hard disk business globally is stagnating and people are moving away from HDD disks. recently, Broadway announced plans that they were looking at M&A opportunites to relaise the full value of their assets in the HDD business.