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Analysts optimistic on Netlink as it posts 'resilient' FY21 results

Lim Hui Jie
Lim Hui Jie5/14/2021 05:03 PM GMT+08  • 5 min read
Analysts optimistic on Netlink as it posts 'resilient' FY21 results
Analysts continue to like Netlink NBN Trust as its FY21 results come in "within expectations"
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Analysts from CGS-CIMB Research, Maybank Kim Eng Research, and UOB Kay Hian have maintained their “buy” calls on Netlink NBN Trust (NLT) as its FY2021 results came in “within expectations.”

Netlink’s revenue of $368 million for the FY2021 stood 0.5% lower y-o-y, but came in at 99% of CGS-CIMB analysts Ong Kang Chuen and Darren Ong’s expectations for the FY2021.

The reduction in revenue was due to lower installation orders and diversion revenue during the circuit breaker period more than offset higher fibre connection revenue.

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