NetLink NBN Trust - OCBC Investment 2023-11-07: Hopeful To Conclude The Pricing Review Soon

NetLink NBN Trust - Hopeful To Conclude The Pricing Review Soon

NetLink Trust (SGX:CJLU) | SGinvestors.ioNetLink Trust (SGX:CJLU)
  • NetLink NBN Trust (SGX:CJLU)’s 1HFY24 revenue grew 2.9% y-o-y to S$205.3m, mainly driven by higher connections, installation-related, co-location and Central Office revenue. This was, however, partially offset by lower ducts and manholes services, as well as ancillary project revenue.

1HFY24 results met expectations

  • - Read this at -
  • An interim dividend of S$0.0265 per share was declared, up 1.1% y-o-y. See NetLink's dividend dates.

NBAP and segment connections drove the topline growth

  • Fibre connections across NetLink’s key segments continued to grow in 2QFY24, with residential/non-residential/NBAP/segment connections growing 1%/2%/10%/32% y-o-y respectively.
  • - Read this at -
  • Residential connections remained stable and the key contributor, contributing to 60% of total revenue in 1HFY24, followed by non-residential connections (8%).

Pricing review is expected to be completed by end-2023

  •

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 @

OCBC Research Team OCBC Investment Research | 2023-11-07

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

Price targets by 2 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


You May Also Like

SGX Stock / REIT Search


Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁