NetLink NBN Trust

Analysts keep 'buy' on NetLink NBN Trust after 'resilient performance' amid connection services repricing - THE EDGE SINGAPORE

Broker's Calls

Analysts keep 'buy' on NetLink NBN Trust after 'resilient performance' amid connection services repricing

CGSI, Maybank and DBS all have unchanged target prices of 95 cents, 97 cents and 98 cents respectively.

Results

NetLink NBN Trust profit after tax falls 9.1% y-o-y to $25.7 mil in 1QFY2025

NetLink NBN Trust has posted revenue of $100.9 million for 1QFY2025 ended June 30, 2.9% lower y-o-y.
Analysts keep ‘buy’ on Netlink NBN Trust despite FY2024 results' slight miss - THE EDGE SINGAPORE

Broker's Calls

Analysts keep ‘buy’ on Netlink NBN Trust despite FY2024 results' slight miss

Overall revenue is expected to be flattish in FY2025 followed by low single growth in FY2026 due to price revisions.

Results

NetLink NBN Trust reports 2HFY2024 DPU of 2.65 cents, up 1.1% y-o-y

Full year payout reached 5.3 cents, up 1.1%.

Insider moves

DBS acquires 300,000 units in Netlink for $252,000

With the additional units, Temasek's deemed interest in Netlink through Singtel and DBS Bank stands at 26.0%.

Broker's Calls

Netlink's 3QFY2024 results in line with expectations, analysts keep “buy”

Netlink has sufficient debt headroom to drive its acquisition ambition without compromising on cash flow and dividends.
Netlink reports $85.1 mil profit after tax for 9MFY2024, 4% higher y-o-y - THE EDGE SINGAPORE

Results

Netlink reports $85.1 mil profit after tax for 9MFY2024, 4% higher y-o-y

Revenue for the period increased by 3.2% to $9.6 million.

Broker's Calls

With IMDA price review complete, analysts cheer 'long-award closure' for 'very attractive' Netlink NBN Trust

CGS-CIMB forecasts DPU of 5.3 cents for FY2024 ending March 2024, which represents a 6.5% dividend yield.
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