Ong from CGSI likes NetLink for its resilient performance amid the revised interconnection offer (ICO) pricing which took effect from April 1, and its commitment to a stable distribution per unit (DPU) for FY2024-FY2026 despite the repricing.
Analysts from CGS International (CGSI), Maybank Securities and DBS Group Research are positive about NetLink NBN Trust despite the company reporting a lower y-o-y profit after tax of $25.7 million in 1QFY2025 ended June 30.
CGSI’s Ong Khang Chuen reiterates his “add” call with an unchanged target price of 95 cents, while Maybank’s Hussaini Saifee keeps his “buy” with an unchanged target price of 97 cents. The team at DBS has also kept its “buy” call with an unchanged target price of 98 cents.
