NetLink NBN Trust

Several growth opportunities lined up for Netlink NBN in near-term
SINGAPORE (Mar 20): OCBC Investment Research is maintaining its “buy” call on Netlink NBN Trust (NLT NBN) with an unchanged fair value estimate of 90 cents. In a Wednesday report, analyst Joseph Ng says, “There were a number of topics from the recent Committee of Supply (COS) debate in Parliament that, in our opinion, serve to reiterate the longer term growth opportunities for NLT ...
Why Singtel, NetLink NBN Trust remain OCBC's top 'buy' picks in a cut-throat telco scene
SINGAPORE (Mar 15): OCBC Investment Research is maintaining “neutral” on Singapore’s telco sector in the wake of the 4QCY18 reporting season, which saw StarHub and M1 results come in within expectations, while that of Singtel’s was slightly under. Nonetheless, the research house continues to favour Singtel and NetLink NBN Trust with a “buy” rating for both and the respective fair ...
NetLink NBN Trust beats 3Q projection by 18% with earnings of $19.6 mil
SINGAPORE (Feb 13): The trustee-manager of NetLink NBN Trust has announced earnings of $19.6 million for the 3Q19 ended December, outperforming its IPO projection by 17.6%. 3Q19 revenue came in at $89.0 million, 3.4% higher than projected. This was led by higher-than-projected revenue from residential connection, non-residential connections and NBAP & Segment connections, as well as ...
NetLink NBN Trust, Singtel among UOB's top alpha picks for Feb
SINGAPORE (Feb 8): UOB Kay Hian is maintaining its “buy” call on NetLink NBN Trust considering its dominant market share of 90% and 34% for residential and non-residential fibre connections, respectively, where growth is projected at a three-year CAGR of 6.2%-8.5% for FY18-21. In a Friday report, analyst Jonathan Koh highlights NetLink’s current relationship with TPG Telecom as the ...
Local telco incumbents 'clearly have an edge' over new entrant at this juncture, says Maybank
SINGAPORE (Feb 7): Maybank Kim Eng is keeping “neutral” on Singapore’s telco sector on the belief that incumbent telcos have an edge in terms of subscriber in retention amid a “proliferation of new MVNOs (mobile virtual network operators)” as well as new mobile network operator TPG Telecom. This comes post the research house’s survey of 150 telcos subscribers, out of which 81% said ...
Bringing home the bacon
SINGAPORE (Feb 1): The Edge Singapore has assembled the annual portfolio of 10 stocks, done in conjunction with the Lunar New Year. Our selections are CapitaLand, DBS Group Holdings, iFast Corp, iX Biopharma, Mapletree Industrial Trust, MindChamps Preschool, NetLink NBN Trust, Raffles Medical Group, SATS and Silverlake Axis. (Subscribers need to log in to read) This year, we have taken a ...
Local telcos to face full effects of competition from TPG by mid-2019, says UOB
SINGAPORE (Jan 2): UOB Kay Hian has downgraded its view on Singapore’s telco sector to “market weight” from “overweight” in anticipation of intense competition from TPG Telecom. The move comes as the fourth mobile entrant launched its trial service in Dec 2018 at “mind-blowing pricing” which incumbents would eventually be forced to match, in the research house’s view. To ...
NetLink NBN Trust's cash-rich balance sheet holds potential for special distribution: Maybank
SINGAPORE (Dec 17): Maybank Kim Eng is maintaining its “buy” call on NetLink NBN Trust with an unchanged price target of 93 cents, post a reverse roadshow that left the brokerage’s positive view on the stock intact.   NetLink remains Maybank’s preferred pick in the Singapore telco sector considering how competition risks are unabated in the wireless space, in the research ...
A new Singapore cabinet could propel stocks higher: OCBC
(Dec 6): Singapore equity valuations are likely to benefit from the handover of the country’s reins to younger leaders. That’s according to Carmen Lee, the head of research at Oversea-Chinese Banking Corp. A younger team with technology- and media-savvy members would put more focus on making the city-state a “smarter” nation and may even cut corporate and personal taxes. That, in turn, ...
TPG's entry delayed but still remains a threat to Singapore telcos
SINGAPORE (Nov 29): Although the year is drawing to an end, TPG has yet to announce its commercial launch this year. This is despite TPG saying in September that it was on track to meet its outdoor-coverage milestones set by IMDA. In the short term, this delay might be good for the local telcos, as it gives them more time to prepare for the competition and re-contract subscribers to new ...