Analysts from Maybank Kim Eng, UOB Kay Hian and CGS-CIMB Research have all maintained a “buy” call and their target prices on Netlink NBN Trust (NLT), citing its stable performance. 

Target prices from Maybank KE, UOB KH and CGS-CIMB stand at $1.11, $1.08 and $1.10 respectively.

Netlink reported a 9MFY2021 EBITDA and PAT of $209.9 million and $69.5 million, compared to the 9MFY2020 figure of $202.6 million and $65.6 million.
The Trust revealed revenue for 9MFY2021 decreased marginally by S$1.5 million as compared to 9MFY2020, mainly due to lower installation-related revenue, but this was offset by higher residential, Non-Building Address Point (NBAP) and segment connections revenue. 

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