- Driven by higher revenue contributions across most business segments, NetLink's FY23 net profit (+19.7% y-o-y) came in within our expectations, forming 101% of our full-year forecasts.
- The next regulatory review, which we believe may be on an uptrend, is expected to be completed by 2QFY24 (Sep 2023) and implemented by 4QFY24 (Mar 2024).
- - Read this at SGinvestors.io -
FY23: Robust results and increased dividend.
- For FY23, NetLink NBN Trust (SGX:CJLU) reported higher revenue (+6.8% y-o-y) and net profit (+19.7% y-o-y), both forming 101% of our full-year forecasts and in line with expectations. The steady top-line growth was driven by higher broad-based revenue growth across most segments, offset by lower Central Office and manholes services revenue.
- - Read this at SGinvestors.io -
- NetLink declared a 2HFY23 final dividend of 2.62 cents/unit (2HFY22: 2.57 cents), taking total FY23 dividends to 5.24 cents (FY22: 5.13 cents) and implying a FY23 dividend yield of around 5.8%, in line with our expectations.
Effects from higher interest rates.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Chong Lee Len UOB Kay Hian Research | Llelleythan Tan Yi Rong UOB Kay Hian | https://research.uobkayhian.com/ 2023-05-22
Read also UOB's most recent report:
2025-11-05 NetLink NBN Trust - 1HFY26 A Slight Miss On Higher Depreciation Charges.
Previous report by UOB:
2025-08-04 NetLink NBN Trust - Muted 1QFY26 Results In Line Despite Higher Operating Costs.
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 Dividend Payout Dates & Corporate Actions,
NetLink Trust News
