- NetLink NBN Trust (SGX:CJLU)'s FY24 revenues grew 2% y-o-y while EBITDA declined 3% y-o-y. FY24 revenues and EBITDA came in at 99-100% of street’s full-year estimates.
FY24: slightly soft
- - Read this at SGinvestors.io -
- NetLink Trust's announced 2HFY24 dividends of S$2.65 cents, which translates to an annualized dividend yield of 6.1%. See NetLink Trust's dividend dates.
Impact of new regulated pricing on 4Q revenues
- - Read this at SGinvestors.io -
- We think the decline in revenue could be linked to 2% and 4% downward revision in the regulatory pricing for its residential and non-building access point (NBAP) connections, which came into effect in Jan’24. These two segments combined contributed 65% of the group’s revenues.
Operating metrics – maintained steady growth pace
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Hussaini Saifee Maybank Research | https://www.maybank-ke.com.sg/ 2024-05-16
Previous report by Maybank:
2023-11-06 NetLink NBN Trust - Minor Speed Bumps.
Price targets by 3 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
