NetLink Trust *Official* (SGX:CJLU)

[EV Pad]

Like that then follow my earlier advice just whack the SGX three local banks stocks. Too high to go in not sure but long term should be up. I fist tight wait for SGX change rules allow fractional or say 1 unit can liao to buy them hehehe

Can buy odd lot of one unit

i bought for Jardine C&C to experiment, still got dividend

 

[sohguanh]

Can buy odd lot of one unit

i bought for Jardine C&C to experiment, still got dividend

Odd lot of 1 unit from which broker? Can DIY or must go through broker agents?

 

[Shion]

NetLink NBN Trust records profit after tax of $48.5 mil in 1HFY2025, down 8.3% y-o-y​

https://www.theedgesingapore.com/ca...ofit-after-tax-485-mil-1hfy2025-down-83-y-o-y

NetLink NBN Trust has posted a profit after tax (PAT) of $48.5 million in 1HFY2025 ended Sept 30, down 8.3% y-o-y.

This came on the back of lower ebitda and higher depreciation and amortisation, which was partially offset by higher income tax credit.

Similarly, the group’s revenue saw a 0.2% y-o-y decline to $204.8 million in the same period, due to lower revenue from ancillary projects, which was partially offset by higher installation-related revenue and other revenue, co-location revenue and central office revenue.

That said, Regulated Asset Base (RAB) revenue was higher by $0.7 million as higher connection numbers offset the impact of lower prices for key services, which took effect from April 1.

For 1HFY2025, ebitda fell by 3.8% y-o-y to $143.5 million in 1HFY2025, due to higher operating expenses and the absence of one-off gain on disposal of assets recorded in 1HFY2024. The group’s ebitda margin remained “healthy” at 70.1%.

As of Sept 30, the number of residential connections grew from 1,491,663 to 1,520,005 y-o-y.

Within the same period, the number of non-residential connections grew from 52,568 to 53,182, Non-Building Address Points (NBAP) connections grew from 2,823 to 3,011, and segment connections grew from 3,218 to 3,774, when comparing 1HFY2025 with the corresponding period last year.

NetLink’s gross debt rose to $810 million as at end-September, up from $765 million as at end-March, while net debt over ebitda rose to 2.2 times from 2.0 times over the same period.

Weighted average debt maturity fell to 1.9 years from 2.4 years and fixed-rate borrowings fell to 74.1% from 78.4%.

Additionally, the group has reported a distribution per unit (DPU) of 2.68 cents in 1HFY2025, 1.1% higher y-o-y.

Moving forward, the group says that it will continue to explore opportunities to invest in telecommunication and infrastructure-related businesses within Singapore and internationally to broaden its portfolio businesses.

Units in NetLink NBN Trust closed 1 cent higher, or up 1.11%, at 91.5 cents on Nov 4.

 

[ask_yip]

numbers not looking good but dpu up?

I am confused

 

[Shion]

NetLink NBN Trust reports full year DPU of 5.36 cents​

https://www.theedgesingapore.com/capital/results/netlink-nbn-trust-reports-full-year-dpu-536-cents

 

[Shion]

NetLink NBN Trust reports lower profit after tax of $23.2 mil for 1QFY2026​

https://www.theedgesingapore.com/ca...ports-lower-profit-after-tax-232-mil-1qfy2026

The manager of NetLink NBN Trust has reported a profit after tax of $23.2 million for 1QFY2026 ended June 30, down 9.2% y-o-y.

The group’s revenue for 1QFY2026 grew 1.6% y-o-y to $102.8 million, while ebitda decreased by 1.9% y-o-y to $72 million.

This decline was due to higher operating expenses, which resulted in lower profit after tax and a higher depreciation arising from an expanded asset base.

As at June 30, residential connections stood at 1,513,231, and non-residential connections at 52,905. NBAP connections at 3,386, and segment connections at 3,999. Total connection numbers recorded a slight decline during the quarter.

This was mainly due to the removal of inactive residential connections as part of housekeeping efforts by requesting licensees (RLs). In addition, the non-residential segment saw a drop due to end-user churn between RLs. These declines were partially offset by continued growth in NBAP and segment connections, underpinned by demand from Smart Nation and enterprise infrastructure projects.

As at June 30, gross debt stood at $874 million, while weighted average debt maturity stood at 1.1 years. Net debt over ebitda came in at 2.6 times, and the group had 789% borrowings at fixed rate as at end June.

Shares in NetLink closed 0.5 cents lower or 0.556% down at 89.5 cents on July 31.

 

[ask_yip]

cui

waiting for chance to unload

 

[Euqorab]

Actually this business trust has limited growth… fibre trust already deployed lest newer developments

what the advantage of vested?

Increased leasing fees of the infra?

 

[marcoyeo]

Finally above my average price.

 

[DevilPlate]

Actually this business trust has limited growth… fibre trust already deployed lest newer developments

what the advantage of vested?

Increased leasing fees of the infra?

Mainly attract retirees for the stable yield payout

 

[eauyong]

Yield:
2021= 12.60%
2022= 7.28%
2023= 6.88%
2024= 6.31%
2025= 2.81% (1H)

35.88%

 

[Euqorab]

Mainly attract retirees for the stable yield payout

Thanks for insights!

I stand corrected.. recently I swopped from StarHub to M1 with overlap period… so the netlink person also came down to install the terminal point for P2 slot… that is connect from outside box add the optics fibre cables to the residential terminal point box…

so that how they earn money also too because each installation/activation is chargeable and usually borne by ISP because it became standard practice to waive the fees from consumers…

I believe even if use back P1 slot where there existing cables connection from the outside riser box, netlink still need to reconfigure for the incoming ISP? Also chargeable

these fees can be quite substantial

ok I am sold.. but so what? I have no money left to invest

 

[Euqorab]

Yield:
2021= 12.60%
2022= 7.28%
2023= 6.88%
2024= 6.31%
2025= 2.81% (1H)

35.88%

Wow 2021 was wild
What happened back then? Some divestments?

 

[eauyong]

Wow 2021 was wild
What happened back then? Some divestments?

Missed 2 years Yield.
Possibly due to depressed share price of $0.65 to $0.84.

2019= 14.36 %
2020= 13.61 %
2021= 12.60%
2022= 7.28%
2023= 6.88%
2024= 6.31%
2025= 2.81% (1H)

63.85%

 

[ask_yip]

I run liao, hold since 2020

decent dividend but no capital gain

my SG 3 banks and STI ETF done better

 

[eauyong]

I run liao, hold since 2020

decent dividend but no capital gain

my SG 3 banks and STI ETF done better

Feds' policy decision will be released on the afternoon of September 17 (Sep 18 Singapore). Hold onto your horses! Ladies & Gentlemen.

 

[Euqorab]

Feds' policy decision will be released on the afternoon of September 17 (Sep 18 Singapore). Hold onto your horses! Ladies & Gentlemen.

You think shares will rise further?

 

[eauyong]

You think shares will rise further?

Depends. If Feds follow through with the expected 25-basis-point or a larger 50-basis-point cut. In any case, Banks and lenders will be under pressure from now to 2026 due to reduced NIM. Borrowers like Reits (if substantial loan renewals) will benefit from reduced borrowings.

 

[Shion]

NetLink NBN Trust DPU up 1.1% y-o-y to 2.71 cents for 1HFY2026​

https://www.theedgesingapore.com/capital/results/netlink-nbn-trust-dpu-11-y-o-y-271-cents-1hfy2026

NetLink NBN Trust has reported a distribution per unit of 2.71 cents for the 1HFY2026 ended Sept 30, up 1.1% y-o-y.

Profit after tax for the 1HFY2026 declined 10.2% y-o-y to $43.5 million.

Revenue for the reporting period came in 1.1% y-o-y higher at $207.1 million, while ebitda remained unchanged at $143.5 million.

Distribution per unit for the 1HFY2026 came in 1.1% y-o-y higher at 2.71 cents.

The slight increase in revenue for the reporting period was primarily driven by higher ancillary project revenue and co-location revenue.

Ancillary project revenue rose $2.2 million, reflecting the completion of more government projects during the period. Co-location revenue increased by $1.3 million, supported by higher rack space take-up and one-off cost recovery related to the upgrade of the Nationwide Broadband Network.

These were partially offset by lower connections revenue.

Meanwhile, the lower profit after tax was due to higher depreciation and amortisation, primarily from Seletar CO.

The NetLink group’s net cash from operating activities in 1HFY2026 was $108.6 million.

Units in NetLink NBN Trust closed 0.5 cents higher or 0.510% up at 98.5 cents on Nov 3.