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Analysts continue to like Netlink, but warn of risks from upcoming ICO pricing review

Lim Hui Jie
Lim Hui Jie2/17/2022 05:14 PM GMT+08  • 4 min read
Analysts continue to like Netlink, but warn of risks from upcoming ICO pricing review
While Netlink's results are stable, investors might want to watch out for the interconnection rates negotiation with IMDA.
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Analysts from CGS-CIMB Research and Maybank Securities have maintained their “buy” and “add” calls on Netlink NBN Trust, with unchanged target prices of $1.10 and $1.13 respectively.

To CGS-CIMB’s Ong Kang Chuen, Netlink reported a “solid set of numbers” for the 3QFY2022 ended December, with its results coming in line with consensus’ expectations.

On Feb 14, Netlink reported a 3QFY2022 net profit of $25.7 million, which is 4.1% higher y-o-y, despite a 1.2% y-o-y decline in revenue.

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