NetLink NBN Trust Likely Major Beneficiary of Large Fall in Singapore's Risk-Free Rate -- Market Talk
Dow Jones
Oct 24
0723 GMT - NetLink NBN Trust is likely a major beneficiary of the large fall in Singapore's risk-free rate, DBS Group Research's Sachin Mittal says in a research report. This rate, represented by the 10-year government bond yield, has dropped 70 bps over the past six months to 1.8%. This is particularly positive for a regulated business like Netlink NBN Trust, which trades at a yield spread over this rate, the analyst says. The 1.8% rate implies a 370-bp yield spread for the trust, higher than the average of 320 bps for the past four years. DBS raises the target price for the trust's units to S$1.08 from S$0.98, with an unchanged buy rating. Units are 0.5% lower at S$0.975. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 24, 2025 03:23 ET (07:23 GMT)
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