For the team at DBS, Netlink’s 2QFY2024 earnings before interest, taxes, depreciation and amortization (ebitda) of $73.9 million, which fell by 1.7% q-o-q but rose by 1.9% y-o-y stood in line with its expectations. Netlink’s 1HFY2024 DPU also came within the team’s expectations as well as that of the consensus.
Analysts at DBS Group Research, Citi Research, CGS-CIMB Research, Maybank Securities and UOB Kay Hian are all maintaining their “buy” and “add” calls on NetLink NBN Trust, while PhilipCapital maintains its "neutral" call. DBS, Citi, CGS-CIMB, Maybank and PhilipCapital have also kept their target prices unchanged at 98 cents, 99 cents, 95 cents, 97 cents and 87 cents respectively while UOB Kay Hian has lowered its target price to $1.01 from $1.05 previously.
On Nov 3, Netlink reported a distribution per unit (DPU) of 2.65 cents for the 1HFY2024 ended September, 1.1% higher y-o-y.
