Maybank Kim Eng analyst Kareen Chan has maintained her “buy” recommendation and target price of $1.11 on Netlink NBN Trust as its distribution per unit (DPU) of 5.2% for FY2021e offers “clearer dividend visibility” than other yield plays.

This, Chan says, is due to 94% of Netlink’s 2QFY2021 revenue being secured by recurring cashflows, while 87% is under fixed regulatory pricing till the next review in end 2022.


For more stories about where the money flows, click here for our Capital section


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