Home Capital Broker's Calls

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.
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.

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.

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