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Netlink’s strong operating cash flow generation can continue to support stable DPU growth: CGS-CIMB

Khairani Afifi Noordin
Khairani Afifi Noordin5/23/2022 02:41 PM GMT+08  • 2 min read
Netlink’s strong operating cash flow generation can continue to support stable DPU growth: CGS-CIMB
CGS-CIMB and DBS analysts have maintained their “add” and “buy” calls for NetLink NBN Trust with unchanged TPs of $1.10 and $1.05.
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Analysts at CGS-CIMB Research and DBS Group Research have maintained their “add” and “buy” calls for NetLink NBN Trust with unchanged target prices of $1.10 and $1.05.

In his May 18 note, CGS-CIMB analyst Ong Khang Chuen points out that Netlink is currently undergoing review of its services offered under its interconnection offer (ICO) for the next review period (2023-2027) with Infocomm Media Development Authority (IMDA).

The company expects the review to only be completed in early 2023, mainly due to the additional time required for IMDA to complete the public consultation process on changes in certain non-price terms and conditions. “With a rising rates environment, we believe concerns over a cut in regulatory weighted average cost of capital model (WACC) should subside.

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