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DBS upgrades Netlink to 'buy' as risk-free interest rates rise

Lim Hui Jie
Lim Hui Jie3/10/2022 04:03 PM GMT+08  • 3 min read
DBS upgrades Netlink to 'buy' as risk-free interest rates rise
The target price now stands at $1.05, up from $1.02 previously.
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DBS Group Research’s Sachin Mittal has upgraded his call on Netlink NBN Trust to “buy” with a higher target price of $1.05, up from the previous figure of $1.02.

According to Mittal in his March 9 note, the stock currently has “an attractive 5.4% yield for its low-risk profile.”

“With Singapore’s risk-free rate rising to 1.9%, NetLink’s regulatory rate is likely to be stable,” writes the analyst.

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