Home Capital Broker's Calls

Analysts trim Netlink NBN Trust's target price; awaiting regulatory review on pricing

The Edge Singapore
The Edge Singapore8/17/2022 03:37 PM GMT+08  • 3 min read
Analysts trim Netlink NBN Trust's target price; awaiting regulatory review on pricing
NLT remains its position as a defensive play amid the current backdrop of rising inflation
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 have turned slightly more restrained on Netlink NBN Trust following its recent earnings report, as they await results of a regulatory review that will decide its new pricing.

For its 1QFY2023 ended June, NLT reported earnings of $27.6 million, up 11.3% y-o-y. Revenue in the same period was up 4.8% y-o-y to $97.9 million, with growth coming from higher ancillary project revenue and connections revenue. The earnings, unsurprisingly, were in line with expectations, given the steady nature of its business model.

Kelvin Tan of Maybank Securities prefers to be more “prudently below consensus”, pending results of a review by industry regulator IMDA, which will determine the new pricing NLT can charge since 2017 when it was listed.

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.