Why this analyst believes NetLink NBN Trust is better than REITs, business trusts, and telco stocks
Jude Chan • • 2 min read
SINGAPORE (July 20): Daiwa Capital Markets is initiating coverage on fibre network owner NetLink NBN Trust with a “buy” recommendation and a target price of 97 cents.
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SINGAPORE (July 20): Daiwa Capital Markets is initiating coverage on fibre network owner NetLink NBN Trust with a “buy” recommendation and a target price of 97 cents.
On its first day of trading, units of NetLink opened flat on Wednesday at its initial public offering (IPO) price of 81 cents. As at 3.35pm on Thursday, units of Singapore largest listing in six years are still trading flat.
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