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Safe yield with some growth for NetLink NBN

Samantha Chiew
Samantha Chiew10/4/2018 11:19 AM GMT+08  • 3 min read
Safe yield with some growth for NetLink NBN
SINGAPORE (Oct 4): DBS Group Research is maintaining its “buy” call on NetLink NBN Trust with a target price of 87 cents.
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SINGAPORE (Oct 4): DBS Group Research is maintaining its “buy” call on NetLink NBN Trust with a target price of 87 cents.

Currently, the group secures revenue from about 1.2 million households in Singapore and hopes to secure about 300,000 more subscribers over the next three to five years, as older technologies phase out and the government introduce subsidy schemes for fibre broadband

Overall, the group offers a mid-single-digit EBITDA growth prospects coupled with approximately 6% yield offers mid-single-digit EBITDA growth prospects coupled with about 6% yield at the current stock price of 78 cents.

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