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NetLink Trust kept at 'buy' by 5 houses on earnings visibility and 5G potential

PC Lee
PC Lee11/6/2019 11:51 AM GMT+08  • 4 min read
NetLink Trust kept at 'buy' by 5 houses on earnings visibility and 5G potential
SINGAPORE (Nov 6): All five research reports sighted by The Edge Singapore this week have maintained their “buy” calls on NetLink NBN Trust (NetLink Trust) after its 2Q20 results announcement on Nov 1.
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SINGAPORE (Nov 6): All five research reports sighted by The Edge Singapore this week have maintained their “buy” calls on NetLink NBN Trust (NetLink Trust) after its 2Q20 results announcement on Nov 1.

UOB KayHian, Maybank KimEng, Phillip Securities, OCBC Investment Research and DBS Group Research like NetLink Trust’s good earnings visibility, attractive dividend yields, and earnings growth potential from Singapore’s 5G rollout.

To recap, NetLink Trust reported a 3.3% rise in 1H20 DPU to 2.52 cents from 1H19 DPU of 2.44 cents given higher 2Q20 earnings on the back of robust residential connections and good cost discipline.

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