SGX:CJLUTelecom
NetLink NBN Trust (SGX:CJLU) Margin Decline Reinforces Investor Caution on Dividend Sustainability
NetLink NBN Trust (SGX:CJLU) reported that earnings are forecast to grow at 7.1% per year, while revenue is projected to rise by 1.8% per year, which is slower than the wider Singapore market’s expected 3.8% growth. Net profit margins slipped to 21.9% from 23.8% the previous year, and recent earnings momentum has softened, with average earnings growth of 2.1% annually over the last five years but a decline in the most recent period. Investors are now weighing a slightly above-market earnings...