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UOB Kay Hian initiates coverage on NetLink at ‘buy’ with 93 cent price target

Michelle Zhu
Michelle Zhu • 2 min read
UOB Kay Hian initiates coverage on NetLink at ‘buy’ with 93 cent price target
SINGAPORE (Aug 31): UOB Kay Hian has initiated coverage on NetLink NBN Trust with a “buy” and target price of 93 cents, which implies an annualised distribution yield of 5.2% and 6% of the research house’s projects for FY18 and FY19, respectively.
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