Netlink NBN Trust (NLT)

Netlink NBN Trust kept at 'buy' by analysts as market continues to hunt for yields
SINGAPORE (Feb 20): Maybank KimEng, UOB KayHian and DBS Group Research are maintaining their “buy” for Netlink NBN Trust (NLT) as the market continues to search for high yields as Fed turns more dovish. In 3Q19, NLT reported revenue of $89 million, up 6.7% y-o-y and net profit of $19.6 million, down 9.4% y-o-y. In 9M19, net profit came in at $57.3 million. Residential fibre connections ...
Local telcos kept at 'neutral' by Maybank; prefers NetLink Trust
SINGAPORE (Dec 31): Maybank Kim Eng is keeping a “neutral” rating on the local telco sector as the new year is shaping up to be a trying one for the wireless sector with the upcoming launch of TPG, which teases with unlimited data plans, while StarHub and Circles.Life are aggressively launching SIM-only plans. TPG’s delayed commercial launch has provided a reprieve for the industry, but ...
Local telcos may see a positive surprise in 2019: DBS
SINGAPORE (Dec 20): DBS has an “overweight” rating on Singapore’s Telco stocks as TPG’s abysmal capex so far implies room for positive surprise in 2019. TPG has so far spent A$66.7 million ($65.7 million) in cumulative capex on its Singapore roll-out, about 22-32% of its planned S$200-300 million of capex. In a market focus report, analyst Sachin Mittal says, “At the current level ...
TPG unlikely to rattle incumbent telcos with 'abysmal capex': DBS
SINGAPORE (Nov 23): DBS Group Research is keeping its “buy” calls on Netlink NBN Trust, Singtel and StarHub, amid “abysmal capex” spent so far by new entrant TPG Telecom. “At the current level of capex spend, TPG’s network at commercial launch in 2Q19 is unlikely to pose a major threat to the incumbents, in our view, due to potential network quality issues,” says analyst Sachin ...
Go defensiveness after this week's market meltdown, says OCBC
SINGAPORE (Oct 12): The Dow Jones Industrial Average on Wednesday fell more than 800 points while the S&P 500 had its worst day since February as technology stocks were battered. Another reason for the meltdown was the spike in the US 10-year Treasury bond yield from 3.06% on Oct 2 to 3.18% on Oct 3 and subsequently to a 7-year high of 3.23% on Oct 5. On the back of poor market ...
NetLink NBN Trust reports 3Q earnings of $21.7 mil; 32.5% higher than IPO forecast
SINGAPORE (Feb 5): The trustee-manager of NetLink NBN Trust reported earnings of $21.7 million for 3Q18, 32.5% higher than IPO forecast, thanks to lower operating and staff costs. EBITDA came in at $63.2 million, 10.8% higher than $57 million in forecast for the same reasons. There is no distribution for 3Q18. In 3Q18, NetLink NBN Trust posted revenue of $83.4 million, exceeding ...
Trustee-manager of NetLink NBN Trust slapped with $10,000 fine for Dec 13 fibre service disruption
SINGAPORE (Oct 24): NetLink NBN Management, the trustee-manager of NetLink NBN Trust, says it has been slapped with a fine of $10,000 by the Info-communications Media Development Authority (IMDA) for an incident that breached the service restoration timeframe stipulated in the Telecom Service Resiliency Code. The incident which occurred Dec 13, 2016 was caused by an unintended splicing of a ...
Is it wise to invest in business trusts?
SINGAPORE (July 14): With NetLink NBN Trust marketing its $2.3 billion IPO — the largest since the US$5.5 billion offering of Hutchison Port Holdings Trust (HPHT) in 2011 — it seems a good time to take stock of the performance of other locally listed business trusts. Unlike real estate investment trusts, which are required to pay out 90% of distributable income to qualify for tax ...
Singtel still favoured amid MyRepublic MVNO bid
SINGAPORE (July 7): RHB Research is keeping its “neutral” rating on Singapore’s telecommunications sector, even as MyRepublic on Thursday announced it is seeking to become a mobile virtual network operator (MVNO) in Singapore. MyRepublic CEO Malcolm Rodrigues at a press conference on Thursday said it does not intend to acquire M1 after its failed bid to become Singapore’s fourth telco ...