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,

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