- NetLink NBN Trust (SGX:CJLU)’s 2HFY24 revenue grew 1.0% y-o-y to S$206.0m, mainly driven by higher connections, installation-related, and other revenue. This was, however, partially offset by lower ancillary project revenue.
In-line set of results
- - Read this at SGinvestors.io -
- A final dividend of S$0.0265 per share was declared, up 1.1% y-o-y. This brings the total NetLink Trust's distribution for FY24 to S$0.0530 (+1.1% y-o-y).
Fibre connections across key segments continued to grow
- Fibre connections across NetLink’s key segments continued to grow in FY24, with residential/non-residential/non-building address points (NBAP)/segment connections growing 2%/3%/10%/25% y-o-y.
- - Read this at SGinvestors.io -
- Residential connections remained stable and the key contributor, with its revenue growing 1.3% y-o-y in FY24, contributing to 60% of total revenue.
Attractive dividend yield of ~6%
- 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/ 2024-05-20
Previous report by OCBC:
2023-11-29 NetLink NBN Trust - Completion Of Pricing Review.
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