This brings the total DPU for FY19 to 4.88 cents, which exceeds projection by 5.2% and translates to a yield of 6.0%.
SINGAPORE (May 28): UOB Kay Hian is maintaining its “buy” call on Netlink NBN Trust (NLT), in line with consensus, as the stock offers an attractive shelter against external volatility.
This came on the back of NLT posting a 31% y-o-y rise in its 4Q19 earnings to $20 million, with DPU of 2.44 cents for the period from Oct 1, 2018 to Mar 31.
