- For 1HFY25, NetLink NBN Trust reported lower revenue (-0.2% y-o-y), EBITDA (-3.8% y-o-y) and PATMI (-8.3% y-o-y), forming 49%/47%/45% of our full-year forecasts respectively.
- - Read this at SGinvestors.io -
- Excluding the one-offs, both NetLink Trust's 1HFY25 EBITDA and PATMI would have dropped by around 2% respectively and more in line with our full-year forecasts.
Mixed quarter.
- Despite lower prices, NetLink Trust's 2QFY25 revenue (+2.5% y-o-y, +3.0% q-o-q) was higher on the back of increased overall connections. However, 2QFY25 EBITDA (-5.1% y-o-y, -4.4% q-o-q) and PATMI (-7.4% y-o-y, -11.1% q-o-q) were lower, dragged by higher operating costs and the S$1.9m asset write-off as mentioned previously.
Higher dividend.
- - Read this at SGinvestors.io -
Lower interest rate.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Chong Lee Len UOB Kay Hian Research | Llelleythan Tan Yi Rong UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-06
Previous report by UOB:
2024-08-06 NetLink NBN Trust - Soft 1QFY25 Results In Line; Strong Connections Growth.
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
