0151 GMT - NetLink NBN Trust's stable distribution yield of 5.5% may become more attractive, thanks to falling interest rates, Phillip Securities Research's Paul Chew says in a note. Declining rates allow the fiber-network infrastructure operator to reduce refinancing costs for its S$510 million loan due May 2026, the head of research says. The trust's free cash flows should also improve as capital expenditure decreases with the completion of its Seletar Central Office. The brokerage raises the target price to S$0.93 from S$0.87 to reflect lowered risk-free rate and beta assumptions, with an unchanged neutral rating. Units are 0.5% lower at S$0.97. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 05, 2025 20:51 ET (01:51 GMT)
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