NetLink NBN Trust - OCBC Investment 2024-11-06: Resilient Dividend Distribution

• Given NetLink’s current dominant position as the sole nationwide provider of residential fibre network in Singapore, we believe there is room to grow with the development of new residential areas.
• - Read this at SGinvestors.io -

1HFY25 results met our expectations.

• NetLink NBN Trust (SGX:CJLU)’s 1HFY25 revenue was down marginally by 0.2% y-o-y to S$204.8m, mainly dragged by lower contribution from ancillary projects as more government projects were completed in the same period last year. This was, however, partially offset by higher installation-related and other revenue, co-location revenue and Central Office revenue.
• - Read this at SGinvestors.io -

Distribution up 1.1% despite lower net profit

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Previous report by OCBC:
2024-05-20 NetLink NBN Trust - Stable Distribution.

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 Dividend Payout Dates & Corporate Actions,
NetLink Trust News