- We hosted NetLink NBN Trust's CEO Mr. Tong Yew Heng at our InvestASEAN conference in Kuala Lumpur.
Key takeaways from management meeting:
- Mr Tong highlighted that while growth is likely to be muted (low single digit), the key is revenue/ cash flow stability and visibility, which in turn allows it to pay sustainable dividends, translating to an attractive NetLink Trust's dividends yield of 6%.
- - Read this at SGinvestors.io -
Key investor concern: risk of fibre substitution.
- Investor concerns about fibre substitution — particularly from emerging satellite technologies like Starlink – were addressed by management. They noted limited risk in Singapore given its nationwide fibre coverage, significantly lower fibre pricing (estimated 3–4x cheaper than Starlink), and superior speed (10–20x faster). High-rise living also makes satellite dish installation impractical for most households.
- - Read this at SGinvestors.io -
Strong balance sheet supports dividend sustainability.
- Read more at SGinvestors.io.
