NetLink NBN Trust's cash-rich balance sheet holds potential for special distribution: Maybank

SINGAPORE (Dec 17): Maybank Kim Eng is maintaining its “buy” call on NetLink NBN Trust with an unchanged price target of 93 cents, post a reverse roadshow that left the brokerage’s positive view on the stock intact.  

NetLink remains Maybank’s preferred pick in the Singapore telco sector considering how competition risks are unabated in the wireless space, in the research house’s view.

In particular, Maybank believes the trust’s excess cash on its balance sheet could be made available for special distribution should there be no triggers for higher capex by the end of the current financial period.

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