Maybank Kim Eng has reinitiated coverage of NetLink NBN Trust with a “buy” call and a target price of $1.08.

 

Analyst Kareen Chan says this is because NetLink’s business is less volatile than other yield plays such as certain REITs and telcos, amid risks of distribution per unit (DPU) cuts and competition. In addition, NetLink, being the sole nationwide provider of passive fibre network infrastructure in Singapore, is a domestic-yield play amid Covid-19 re-opening uncertainties.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook