SINGAPORE (Mar 14): OCBC is initiating Netlink NBN Trust (NLT NBN) at “buy” with a target price of 91 cents.
In a Wednesday report, analyst Eugene Chua says, “NetLink NBN Trust’s (NLT NBN) nationwide network, in our view, is the foundation of the Next Generation Nationwide Broadband Network (Next Gen NBN) over which ultra-high-speed internet access is delivered throughout mainland Singapore and its connected islands.”
Currently, NLT NBN’s network is the only fibre network with nationwide coverage in Singapore.
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