NetLink NBN Trust (NLT NBN) designs, builds, owns and operates the passive fibre network infrastructure of Singapore’s Next Gen NBN.

With the increasing usage of fibre broadband services for day-to-day activities driven by growing demand for connectivity and rapid broad-based growth in data consumption, we believe NLT NBN has a resilient business model, and hence able to weather through various economic cycles given the defensive nature of its income streams.

Furthermore, we expect NLT NBN to be a key participant of growth in other connected services within the non-residential and NBAP space, especially with Singapore’s push to transform into a digital economy. BUY.

Source: OCBC Research - 26 Feb 2021