NetLink NBN Trust

SINGAPORE (Mar 12): Investors should not catch a falling knife by buying TPG before it launches its mobile services, says UOB KayHian.

SINGAPORE (Feb 7): Netlink NBN Trust (NLT) on Monday announced that its 3Q18 earnings came in at $21.7 million, 32.5% higher than IPO forecast, due to lower operating and staff costs.

SINGAPORE (Dec 13): IPO volumes in 2017 have reached the highest level since 2007 with a total of US$206.6 billion ($279.3 billion) raised in 1,694 listings, according to the latest research from Baker McKenzie.

SINGAPORE (Nov 23): Capital markets across Southeast Asia have raised a total of $10.4 billion in 144 initial public offerings (IPOs) in the year up to mid-November – the highest amount raised in the region since 2014.

SINGAPORE (Nov 10): DBS is maintaining its “buy” call on NetLink NBN Trust, Singapore’s sole nationwide provider of residential fibre network, with a target price of 95 cents.

SINGAPORE (Sept 28): The Singapore Exchange (SGX) has emerged as Asean’s top initial public offering (IPO) market performer for the third quarter of 2017 with proceeds of US$1.7 billion ($2.3 billion).  

SINGAPORE (Aug 31): UOB Kay Hian has initiated coverage on NetLink NBN Trust with a “buy” and target price of 93 cents, which implies an annualised distribution yield of 5.2% and 6% of the research house’s projects for FY18 and FY19, respectively.

SINGAPORE (Aug 29): DBS is initiating coverage of NetLink NBN Trust with a “buy” and target price of 95 cents.

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.

SINGAPORE (July 19): NetLink NBN Trust opened flat at its IPO price of 81 cents on its first day of trading despite being Singapore’s largest listing in six years.