NetLink NBN Trust - OCBC Investment 2023-05-23: All Eyes On Pricing Review

NetLink NBN Trust - All Eyes On Pricing Review

Published:
NetLink Trust (SGX:CJLU) | SGinvestors.ioNetLink Trust (SGX:CJLU)
  • NetLink NBN Trust (SGX:CJLU)’s FY23 results were in-line with our expectations. Revenue grew 6.8% y-o-y to S$403.5m, on the back of higher revenue across its segments, except for Central Office (due to a reduction in rental space and rental rates) and ducts and manholes service revenue (due to lower cable length chargeable).
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  • NetLink's FY23 EBITDA grew 10.5% y-o-y to S$295.0m, mainly due to higher revenue and lower staff and operating costs. Net profit rose 19.7% y-o-y to S$109.3m, which met our expectations. A final dividend of S$0.0262 per share was declared. This brings the total distribution for FY23 to S$0.0524 (+2.1% y-o-y). See NetLink's dividend date.

Fibre connections continued to grow across key segments

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IMDA pricing review is expected to be completed soon

  • 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/.




OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2023-05-23



Read also OCBC's most recent report:
2023-11-29 NetLink NBN Trust - Completion Of Pricing Review.

Previous report by OCBC:
2023-11-07 NetLink NBN Trust - Hopeful To Conclude The Pricing Review Soon.

Price targets by 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





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