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Home / Capital / Brokers Calls

Most defensive stock NetLink Trust kept at 'buy' by UOB

Broker's Calls

Most defensive stock NetLink Trust kept at 'buy' by UOB

PC Lee Published on Fri, Nov 23, 2018 / 12:05 PM GMT+8

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SINGAPORE (Nov 23): UOB KayHian is maintaining a “buy” on what it says is the most defensive stock listed on the Singapore Exchange: NetLink NBN Trust.

UOB likes NetLink for its low volatility but high liquidity; stable revenue streams; high barriers to entry and blue-chip customer base.

In addition, Singtel’s and StarHub’s decision to retire their legacy copper wire and cable networks would accelerate growth in NetLink’s residential fibre connection,