In addition, Lim and Li believe investor interest in NetLink could increase as it was re-included on the Straits Times Index (STI) reserve list in March.
CGS International analysts Lim Siew Khee and Li Jialin are maintaining “add” on NetLink NBN Trust with a higher target price of $1 from 95 cents previously, calling it “a 6% defensive dividend play to own”.
NetLink is a “non-index, liquid play with a steady earnings profile”, say the CGSI analysts, with “strong” distribution per unit (DPU) visibility for FY2025 to FY2027, backed by “steady growth in operating cashflow”.
