SINGAPORE (Feb 8): UOB Kay Hian is maintaining its “buy” call on NetLink NBN Trust considering its dominant market share of 90% and 34% for residential and non-residential fibre connections, respectively, where growth is projected at a three-year CAGR of 6.2%-8.5% for FY18-21.

In a Friday report, analyst Jonathan Koh highlights NetLink’s current relationship with TPG Telecom as the latter’s provider of non-building address point (NBAP) connections for backhaul transmission.

“TPG is expected to require NBAP connection’s for 3,000 base stations over the next three years,” says Koh, who sees growth in demand for NBAP connections as a catalyst should the government decide to accelerate the roll-out of Smart National initiatives in the near-term.  

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