NetLink NBN Trust (NetLink Trust)

Trade war tensions continue to rise, earnings season brings mixed results

SINGAPORE (May 20): Tensions between Washington and Beijing continue to rise as US President Donald Trump shows no inclination to de-escalate the country’s trade war with China. Trump believes his clash with Chinese President Xi Jinping is boosting his popularity ahead of next year’s election campaign. 


As US-China tussle over 5G intensifies, dividends of local telcos come under pressure

SINGAPORE (Feb 18): Huawei Technologies Co and the 5G, or fifth-generation, mobile network has been grabbing headlines. US secretary of state Mike Pompeo is reported to have warned European countries that using technology from Huawei could harm their relationship with the US. In Singapore, M1 and Huawei have been in 5G trials together. If M1 is privatised, the spotlight is likely to fall on telecommunications companies such as StarHub and Singapore Telecommunications (Singtel).

Stocking up on the future

SINGAPORE (Feb 4): The advent of another new year has us thinking about the future — specifically the future economy. From preschoolers to mid-career executives, corporate bosses to top civil servants, just about everybody is busy preparing for the disruptive force of technology, even though it is not clear exactly how businesses and the economy will be reshaped.

Most defensive stock NetLink Trust kept at 'buy' by UOB

SINGAPORE (Nov 23): UOB KayHian is maintaining a “buy” on what it says is the most defensive stock listed on the Singapore Exchange: NetLink NBN Trust.

UOB likes NetLink for its low volatility but high liquidity; stable revenue streams; high barriers to entry and blue-chip customer base.

In addition, Singtel’s and StarHub’s decision to retire their legacy copper wire and cable networks would accelerate growth in NetLink’s residential fibre connection,

Stay defensive with Netlink NBN Trust as Smart Nation revs up

SINGAPORE (Oct 11): With macro concerns ratcheting up and the Straits Times Index hitting 20-month lows, investors should take another look at defensive stocks like Netlink NBN Trust (NLT NBN), says OCBC Investment Research.

Over the course of the last three months, NLT NBN has achieved a total return of 6.1%, relative to the -1.1% and -2.8% registered by the FSTREI Index and STI Index, respectively.

Growth comes in different forms for Netlink

SINGAPORE (Sept 3): Bad publicity and fines do not seem to have hurt national fibre-optic broadband infrastructure provider Netlink NBN Trust. A year after listing on the Singapore Exchange, as part of an Infocomm Media Development Authority of Singapore arrangement for Singapore Telecommunications to pare down its stake, Netlink has beat its own earnings and dividend payout estimates. For FY2018 ended March 31, Netlink reported earnings that exceeded its forecast by nearly 11%, at $50 million.

Netlink NBN Trust kept at 'buy' on Smart Nation moves, defensive stance

SINGAPORE (Aug 7): OCBC Investment Research is maintaining its “buy” call on Netlink NBN Trust (Netlink Trust) with 90 cents fair value.

OCBC notes Netlink Trust’s trustee-manager is focusing on supporting Smart Nation initiatives as required by requesting licensees, government agencies and various end-users.

“We remain positive on Netlink Trust’s defensive attributes, as about 91% of its 1Q19 revenue is regulated, and about 90% of revenue is based on long-term contracts or customers with a stable profile,” says analyst Joseph Ng in a Tuesday report.

Is Netlink NBN Trust the yield play to bet on?

SINGAPORE (June 18): World Cup fever is upon us again. Soccer fans here might gripe about how much they have to cough up for pay-TV, on top of existing subscriptions, just so they can catch the action live. Still, regardless of whether they are Singtel or StarHub customers, or taking in the action with mates at a pub or coffee shop, their viewing is made possible by the 76,000km-long network of fibre-optic cables running across the island.

Netlink Trust beats forecast by 5% with FP18 DPU of 3.24 cents

SINGAPORE (May 14): The trustee-manager of NetLink NBN Trust has announced distribution per unit (DPU) of 3.24 cents for the financial period from June 19, 2017 to Mar 31, 2018 (FP18), some 5% higher than the forecast at IPO.

NetLink NBN Trust achieved revenue of $228.6 million in FP18, falling 1.8% short of the forecast, mainly due to lower installation-related revenue.

FP18 EBITDA and profit after tax were higher than forecast by 3.8% and 10.8%, respectively. This was mainly due to lower operation and maintenance costs, staff costs and other operating expenses.

M1, StarHub cut to 'sell' as TPG draws first blood

SINGAPORE (Mar 20): UOB Kay Hian has downgraded M1 and StarHub to “sell” after fourth mobile operator TPG Telecom on Monday fired its first salvo with a package aimed at senior citizens.

For the first 24 months following its launch, senior citizens aged 65 and above will enjoy – for free – a package which includes a SIM card, 3GB of monthly data and unlimited local calls.

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