Phillip Securities has maintained its “accumulate” call for NetLink NBN Trust with an unchanged target price of $1.03, despite the latter’s mixed set of results for 1Q FY20 ended June 30.

This is because the availability of workers is now back to normal capacity, the brokerage notes.

Conversely, the pandemic has resulted in more activities to be conducted at home, which will help to accelerate the adoption of fibre with households, it adds.

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