UOB Kay Hian Research analysts Chong Lee Len and Chloe Tan have maintained their “buy” call on NetLink NBN Trust (Netlink Trust) with a target price of $1.08. 

Chong and Tan see Netlink Trust as a safe haven stock, with an attractive 5.3% dividend yield. “We continue to see the stock as a good shelter amid market volatility given its strong earnings visibility, healthy balance sheet and cautious approach in terms of overseas/domestic acquisition approach,” they note in a June 18 research note. 

To sustain dividends and spur growth, Netlink Trust is evaluating potential new investments in telco assets which may include fibre networks, telco towers and distribution antennas.

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