Armed with predictable revenue streams, Netlink remains cognisant of the company's profile as a high-yielding, safe haven stock, UOBKH analysts Chong Lee Len and Llelleythan Tan notes. As such, key criteria of any potential new investment in the near horizon would have to include country risk premium and a preferably stable cash flow via an asset sale and leaseback model.
Analysts at CGS-CIMB Research, UOB Kay Hian and DBS Group Research have maintained their “add” and “buy” calls on Netlink NBN Trust following the trust’s 3QFY2024 ended December announcement of results that are within their expectations.
CGS-CIMB analyst Ong Khang Chuen highlights that Netlink saw further growth across all its fibre segment connections. Notably,residential fibre, which accounts for 60% of the revenue contribution, added 9,000 connections during the quarter, surpassing 1HFY2024’s 7,000 new connections.
