Home Capital Broker's Calls

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"
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now