NetLink builds, owns and operates the passive fibre network infrastructure of Singapore’s “Next Generation Nationwide Broadband Network” (Next Gen NBN).
Netlink NBN Trust’s (Netlink) (SGX:CJLU
) performance for FY2023 ended March 31 exceeded analysts expectations, and they continue to favour the “high-yielding, safe haven stock”.
On May 18, Netlink reported 6.8% higher revenue y-o-y and 19.7% higher net profit, forming 101% of UOB Kay Hian Research’s (UOBKH) full-year forecasts and in line with consensus expectations.
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