NetLink NBN Trust (NetLink Trust)

Analysts see Netlink NBN Trust to benefit from interest rate cycle turns, Citi raises TP to $1.03 - THE EDGE SINGAPORE

Broker's Calls

Analysts see Netlink NBN Trust to benefit from interest rate cycle turns, Citi raises TP to $1.03

Maybank's Saifee notes that the stock has 71% negative correlation to the 10-year US bond yield while its 6% dividend yield remains highly visible and stable.

Results

NetLink NBN Trust records profit after tax of $48.5 mil in 1HFY2025, down 8.3% y-o-y

The group has reported a distribution per unit (DPU) of 2.68 cents in 1HFY2025, 1.1% higher y-o-y.
NetLink NBN Trust: Boosting connectivity with robust infrastructure and growth - THE EDGE SINGAPORE

SGX Research Series: 10 in 10

NetLink NBN Trust: Boosting connectivity with robust infrastructure and growth

NetLink Group’s extensive network provides nationwide coverage to residential homes and non-residential premises in Singapore.

Broker's Calls

Citi keeps ‘buy’ on Netlink, sees possibility of re-rating if rates fall

Analyst Luis Hilado has maintained his target price of $1.06.

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.

Telecommunications

Netlink has revised its prices for certain segments after IMDA review

The revised prices will not impact Netlink’s DPU and NTA per share for the FY2024 ending March 31, 2024.
Netlink Trust: Internally managed trust that hasn’t raised equity yet - THE EDGE SINGAPORE

Right Timing

Netlink Trust: Internally managed trust that hasn’t raised equity yet

Netlink Trust's unit price has outperformed REITs and trusts because of its conservative financials
Analysts raise TP on this 'high-yielding, safe haven stock' after FY2023 earnings beat - THE EDGE SINGAPORE

Broker's Calls

Analysts raise TP on this 'high-yielding, safe haven stock' after FY2023 earnings beat

The implied FY2023 dividend yield of around 5.8% is in line with UOB Kay Hian Research’s expectations.
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