NetLink Trust

GS-CIMB, OCBC Investment Research, Maybank Kim Eng and UOB Kay Hian are maintaining their ‘buy’ or ‘add’ calls on the company.

SINGAPORE (Nov 15): NetLink Trust says in an update at 7.02pm on Friday that some telecoms service providers are still experiencing service difficulties although most of the damaged cables have been restored.

SINGAPORE (Mar 15): RHB is reiterating its “buy” call on Singtel given its underperformance over the past year following its selldown.

SINGAPORE (Nov 24): There were 16 new listings in 2016 and 13 in 2015. And, as it is, the 15 IPOs that have already taken place this year raised more money than IPOs for both 2016 and 2015 combined.

SINGAPORE (Nov 9): Singtel has announced earnings of $2.9 billion for the 2Q17 ended Sept, up threefold from $972.3 million in 2Q16 on gains from the divestment of 75.2% of its stake in NetLink Trust in July this year.

SINGAPORE (July 11): Fibre network owner NetLink NBN Trust on Monday launched its $2.3 billion initial public offering (IPO), making it the largest new listing in Singapore since the US$5.5 billion ($7.6 billion) IPO of Hutchison Port Holdings Trust in 20

SINGAPORE (July 10): Singtel announced Monday that it has entered into a unit purchase agreement with the trustee-manager of NetLink NBN Trust to divest its 100% stake in NetLink Trust on the listing date for an aggregate consideration of $1.9 billion.

SINGAPORE (July 3): The volume of IPO funds raised by end-2017 is expected to surpass 2016 levels with professional services leading the way as the sector with the most funds raised, according to PricewaterhouseCoopers (PwC) Singapore.  

SINGAPORE (June 2): The billion-dollar IPO of NetLink Trust looks to have taken a step closer to reality.

SINGAPORE (May 22): CIMB maintains its “add” call on Singtel with a target price of $4.10 given potential rerating catalyst of a special dividend after the IPO of NetLink Trust.