This comes post the release of NLT’s latest set of 4Q financials, which brought total DPU to FY19 to 4.88 cents, exceeding IPO projections across a number of metrics translating to a yield of 6%.
SINGAPORE (May 15): OCBC Investment Research, DBS Vickers Securities and Maybank Kim Eng are maintaining their “buy” calls on NetLink NBN Trust (NLT) with the respective price targets of 95 cents, 90 cents and 83 cents.
Likewise, Phillip Capital continues to rate the trust at “accumulate” at a 93-cent price target.
