Brokers' take

NetLink NBN Trust | Buy Target price: S$0.95 Aug 29 close: S$0.81 DBS Group Research, Aug 29

We believe the market is concerned that a rising interest rate environment could lead to a higher yield spread in the long term. We believe that NetLink NBN Trust has a solid investment case as its distributions are set to grow at 4.6 per cent compounded annual growth rate over FY18-20 forecast and in the longer term, benefit from potentially higher regulated returns on the regulated asset base business from 2022 onwards in case of higher cost of debt...Initiating coverage with "buy", target price of S$0.95.

NetLink NBN Trust | Buy Target price: S$0.93 Aug 29 close: S$0.81 UOB Kay Hian Research, Aug 29