- Healthy project pipeline to support ancillary project revenue.
- Pricing review is likely to complete by Mar 2023.
- Any potential adjustment to the interconnect rates will be implemented with a few months’ lag.
NetLink's 9MFY23 earnings beat expectations
- - Read this at SGinvestors.io -
- 9MFY23 EBITDA was up 11.7% y-o-y to S$219.8m, due mostly to lower operating expenses.
- Recall that NetLink recorded a remeasurement loss of S$12.4m in 9MFY22, relating to finance lease receivables arising from the reduction in rental rates upon the renewal of the Central Office lease agreements with Singtel from Sep 21. Excluding the impact of the remeasurement loss, EBITDA would still be higher by 5.3% y-o-y on prudent cost control.
- - Read this at SGinvestors.io -
Fibre connections continued to grow
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Chu Peng OCBC Investment Research | https://www.iocbc.com/ 2023-02-15
Read also OCBC's most recent report:
2023-05-23 NetLink NBN Trust - All Eyes On Pricing Review.
Price targets by 4 other brokers at NetLink Trust Target Prices.
Listing of research reports at NetLink Trust Analyst Reports.
Relevant links:
NetLink Trust Share Price History,
NetLink Trust Announcements,
NetLink Trust Dividends & Corporate Actions,
NetLink Trust News Articles
