TICKER CJLU.SI
ISIN SG1DH9000006
Market cap. SGD
3,819,031,678
Shs outstanding 3,896,971,100
NetLink NBN Trust owns, designs, builds, and operates the passive fibre network infrastructure for residential homes and non-residential premises, and non-building address point (NBAP) connections in mainland Singapore and its connected islands. Its passive fibre network infrastructure includes ducts, manholes, fibre cables, and central offices. As of March 31, 2022, it had an approximately 1,464,217 residential; 50,278 non-residential; and 2,404 NBAP end-user connections. The company was incorporated in 2017 and is based in Singapore.

Strategy:

Return at exit: Live
Stable Growth with Attractive Yield
• Our ML engine identified NetLink NBN Trust as a compelling buy based on exceptional market performance (17.6% 1-year return), attractive valuation, and low volatility characteristics. • The stock demonstrates strong upside potential, trading at 0.96 SGD versus analyst fair value targets of 1.03 SGD, while offering an impressive 5.6% dividend yield with consistent growth (1.7% increase). • Financial stability is evident through extraordinary profitability metrics (81% gross margin, 70.8% EBITDA margin) and conservative debt management (28.3% gearing ratio). • The company’s strategic infrastructure investments, including the new 110 million SGD Seletar Central Office, position it perfectly to capitalize on Singapore’s Smart Nation 2.0 initiatives and growing demand for high-speed connectivity. • Multiple research houses (DBS, Maybank, OCBC, UOB Kay Hian) maintain “BUY” ratings, confirming our algorithm’s conviction.