On Feb 14, Netlink reported a 3QFY2022 net profit of $25.7 million, which is 4.1% higher y-o-y, despite a 1.2% y-o-y decline in revenue.
Analysts from CGS-CIMB Research and Maybank Securities have maintained their “buy” and “add” calls on Netlink NBN Trust, with unchanged target prices of $1.10 and $1.13 respectively.
To CGS-CIMB’s Ong Kang Chuen, Netlink reported a “solid set of numbers” for the 3QFY2022 ended December, with its results coming in line with consensus’ expectations.
