In an Aug 21 note, Chong and Tan maintain “buy” with an unchanged forecast of $1.05.
Analysts praise Netlink NBN Trust’s (SGX:CJLU
) “stable performance” in 1QFY2024 ended June, with net profit up 2.1% y-o-y to $28.2 million, driven by higher revenue contributions across most business segments.
Among four research houses cited here, UOB Kay Hian Research analysts Chong Lee Len and Llelleythan Tan have the highest target price on Netlink, which they call a “high-yielding, safe haven stock” with 6.2% dividend yield.
