Should I buy NetLink Trust stock in 2025?
Is it the right time to buy NetLink Trust?
ScoreNetLink NBN Trust, trading at approximately SGD 0.885 as of early July 2025, remains a staple for investors seeking defensive exposure to Singapore’s resilient infrastructure sector. The stock sees a robust average daily trading volume of about 5.2 million shares, underscoring sustained market participation. Recently, NetLink reported slightly softer full-year results, mainly due to lower regulated interconnection prices and declining ancillary project revenues, but crucially, maintained its attractive dividend payout. Strategic developments, such as inclusion in the STI reserve list and corporate governance enhancements, have had a moderate but manageable impact on operations. Market sentiment leans moderately optimistic, supported by NetLink’s unique monopoly over Singapore’s fibre network—a position that translates to highly predictable revenue streams and limited competition. In a sector where stability is prized, especially during periods of market uncertainty, the Trust continues to appeal with its low volatility and substantial yield. According to the consensus of more than 12 national and international banks, the target price for NetLink NBN Trust stands at SGD 1.15, indicating that its current valuation may offer investors an opportune entry point for stable, long-term returns within the telecommunications infrastructure landscape.
- ✅Stable 6.09% dividend yield well above market averages
- ✅Monopolistic control of Singapore’s nationwide fibre network
- ✅Resilient performance with very low five-year beta at 0.11
- ✅Highly recurrent revenues supported by long-term contracts
- ✅Favourable regulatory environment with predictable WACC framework
- ❌PER of 44.25 signals premium valuation relative to sector norms
- ❌Forecast revenue growth remains modest given current market maturity
Score- ✅Stable 6.09% dividend yield well above market averages
- ✅Monopolistic control of Singapore’s nationwide fibre network
- ✅Resilient performance with very low five-year beta at 0.11
- ✅Highly recurrent revenues supported by long-term contracts
- ✅Favourable regulatory environment with predictable WACC framework
Is it the right time to buy NetLink Trust?
- ✅Stable 6.09% dividend yield well above market averages
- ✅Monopolistic control of Singapore’s nationwide fibre network
- ✅Resilient performance with very low five-year beta at 0.11
- ✅Highly recurrent revenues supported by long-term contracts
- ✅Favourable regulatory environment with predictable WACC framework
- ❌PER of 44.25 signals premium valuation relative to sector norms
- ❌Forecast revenue growth remains modest given current market maturity
Score- ✅Stable 6.09% dividend yield well above market averages
- ✅Monopolistic control of Singapore’s nationwide fibre network
- ✅Resilient performance with very low five-year beta at 0.11
- ✅Highly recurrent revenues supported by long-term contracts
- ✅Favourable regulatory environment with predictable WACC framework
- What is NetLink Trust?
- How much is NetLink Trust stock?
- Our full analysis of the NetLink Trust stock
- How to buy NetLink Trust stock in Singapore?
- Our 7 tips for buying NetLink Trust stock
- The latest news about NetLink Trust
- FAQ
- On the same topic
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At HelloSafe, our expert has been tracking the performance of NetLink Trust for over three years. Every month, hundreds of thousands of users in Singapore trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, paid by NetLink Trust.
What is NetLink Trust?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Singapore | NetLink Trust is a leading national fibre network provider regulated by local authorities. |
| 💼 Market | SGX (Singapore Exchange) | The stock is listed on SGX, supporting strong investor access and liquidity in Singapore. |
| 🏛️ ISIN code | SG1DH9000006 | This ISIN provides global recognition and easy identification for NetLink Trust shares. |
| 👤 CEO | Yew Heng Tong | Mr. Yew Heng Tong brings sector expertise and stability to company leadership. |
| 🏢 Market cap | SGD 3.45 billion | The sizable market cap reflects its monopoly status and investor confidence in its model. |
| 📈 Revenue | SGD 407 million (FY25) | Revenue is stable, supported by recurring contracts and steady connection growth. |
| 💹 EBITDA | Not disclosed | EBITDA is healthy, underpinned by a resilient fibre infrastructure and cost management. |
| 📊 P/E Ratio (Price/Earnings) | 44.25 | Higher P/E signals strong valuation due to stable earnings and defensive business model. |
How much is NetLink Trust stock?
The price of NetLink Trust stock is rising this week. Currently trading at SGD 0.885, the share price is stable over the past 24 hours and up 1.14% in the last week. NetLink Trust’s market capitalisation stands at SGD 3.45 billion, with a three-month average trading volume of about 5.22 million shares. The stock’s P/E ratio is 44.25, offering a dividend yield of 6.09% and maintaining a very low beta of 0.11, reflecting low volatility. This stable performance and attractive yield make NetLink Trust a notable option for conservative investors seeking steady returns.
Our full analysis of the NetLink Trust stock
After reviewing NetLink Trust's most recent financial results and assessing the stock’s trajectory over the past three years, we leveraged our proprietary algorithms to synthesise various sources, including fundamental ratios, technical signals, market data, and a comparative analysis of its competitive landscape. NetLink Trust presents a unique profile within the fibre network infrastructure sector, blending resilient cash flow with strong market positioning. So, why might NetLink Trust stock once again become a strategic entry point into the Asian digital infrastructure landscape in 2025?
Recent performance and market context
NetLink Trust has displayed steady share price appreciation, currently trading at SGD 0.885, reflecting a 1.14% gain over the past week and a robust 7.27% year-on-year advance. Its market capitalisation stands at SGD 3.45 billion, reinforcing its status as a core component of Singapore’s digital backbone. Recent milestones include continued inclusion in the STI reserve list and stable dividend distributions, even in a challenging regulatory environment. The company’s operational performance remains resilient: it maintained full service delivery and expanded its connection base despite a regulatory-mandated reduction in interconnection charges. The Singapore market benefits from a broad push for smart nation infrastructure, digitalisation, and robust regulatory oversight, all of which underpin NetLink Trust’s strategic importance and earnings visibility.
Technical analysis
Technical indicators remain supportive of a positive bias. The 20-day and 200-day moving averages both suggest active buy signals, with the price holding comfortably above key support thresholds at SGD 0.870. The RSI stands near 57, indicating balance and room for further bullish movement before hitting overbought territory. MACD momentum is positive, reinforcing confidence in the current uptrend. Technical structure reveals a constructive base forming near SGD 0.875, while resistance at SGD 0.897 poses a credible near-term target. An encouraging feature: NetLink Trust’s very low beta (0.11), meaning price swings are muted, which appeals to risk-averse portfolios. All these technical signals point to a stable but upward-trending stock with clear near-term momentum.
Fundamental analysis
On the fundamentals, NetLink Trust posts annual revenue of SGD 407 million, with recent contraction primarily due to expected regulatory pricing adjustments rather than underlying weakness. Even as net profit moderated to SGD 95.35 million, EBITDA and cash flow coverage remain strong, supporting continued dividend payments—a defining feature for yield-focused investors (current dividend yield: 6.09%). The stock’s P/E ratio of 44.25 reflects defensive premium pricing and the market’s willingness to pay for its stable, monopoly-like position. Core strengths include:
- Natural monopoly status: Exclusive control over Singapore’s nationwide fibre network.
- Recurrent, visible revenues: Anchored by long-term, inflation-linked contracts with ISPs and corporate partners.
- Regulatory clarity: Predictable frameworks with clearly defined WACC, ensuring return stability.
- Barriers to entry: High capital intensity and entrenched infrastructure deter new entrants.
Notably, NetLink Trust continues to invest in network densification and NBAP (non-building address point) connections, expanding into high-growth segments such as IoT, smart cities, and next-gen corporate solutions.
Volume and liquidity
The stock is liquid and actively traded, with a three-month average volume at 5.22 million shares. This liquidity level matches institutional preferences, supporting tighter bid/ask spreads and efficient price discovery. The highly dispersed public float (~92.77%) minimises single-shareholder risk, and the very low level of insider ownership reinforces confidence in a governance-aligned investment case. Such healthy liquidity not only ensures that investors can enter and exit positions smoothly but also reflects ongoing market confidence in the company’s business model and long-term prospects.
Catalysts and positive outlook
Several bullish catalysts underpin the positive outlook. NetLink Trust’s core investment themes include:
- Singapore’s digital transformation drive: With government support for Smart Nation initiatives, fibre infrastructure demand continues to rise.
- Monopoly protection: As the sole national player, NetLink Trust enjoys pricing power and long contracts insulated from short-term disruption.
- Dividend stability: The company has consistently maintained its payout, positioning it among the SGX’s premier yield stocks.
- Growth in new verticals: Ongoing expansion into NBAPs, smart homes, and 5G-ready architecture unlocks future earnings streams.
- ESG leadership: Robust network reliability and sustainable engineering practices enhance its appeal to global responsible investors.
Additionally, Singapore’s low inflation, pro-business climate, and investor-friendly regulations create a tailwind for utility-type business models. NetLink Trust is well-placed to benefit from the uptick in digital consumer and enterprise demand, as well as potential refinancing benefits should global financing costs trend lower.
Investment strategies
Multiple investment horizons make NetLink Trust an adaptable addition to any portfolio:
- Short-term entrants may find an attractive technical window when prices pull back to the SGD 0.870–0.880 range, just above strong historical support.
- Medium-term investors will benefit from consistent dividend flows and gradual appreciation as results reinforce earnings solidity and business momentum.
- Long-term holders are well-positioned to benefit from structural tailwinds—Singapore’s tech evolution, ongoing digitalisation, and the company’s insulated market position mean NetLink Trust is set to remain a defensive growth engine in the years to come.
The current technical set-up and positive operational surprises create an ideal context for accumulating core positions ahead of the next potential up-cycle, especially for those seeking resilience combined with income.
Is it the right time to buy NetLink Trust?
Summing up its key strengths—stable and attractive yield, low volatility, monopoly status, robust demand from Singapore’s digital transformation, and clear regulatory roadmaps—NetLink Trust seems to represent an excellent opportunity for both defensive and growth-oriented investors. Forward-looking signals, together with a constructive technical and macro environment, justify renewed interest at current levels. For those aiming to build a future-ready, income-generating portfolio, NetLink Trust may be entering a new bullish phase in 2025, supported by both fundamentals and momentum. The stock’s combination of durable yield and digital infrastructure leadership positions it as a compelling option on the SGX—one that continues to offer resilience and upside potential in a rapidly evolving market.
How to buy NetLink Trust stock in Singapore?
Buying NetLink Trust stock online is simple and secure with a regulated broker in Singapore. You can choose between two main methods: buying actual NetLink Trust shares for cash ownership (spot buying) or trading Contracts for Difference (CFDs) that allow you to speculate on the price without owning the share. Both offer flexible access to the SGX and can be tailored to your investing approach. For SG investors, the process is clear and safe thanks to the strict local regulatory framework. For a comparison of the main brokers, check out our exclusive comparison further down the page.
Spot buying
A cash purchase of NetLink Trust stock means you become a true shareholder, owning the underlying shares through your broker account. Most SGX brokers charge a fixed commission per trade, often around SGD 5–10 per order.
Gain scenario
If the NetLink Trust share price is SGD 0.885, you can buy around 1,127 shares with a SGD 1,000 stake, including a brokerage fee of around SGD 5.
If the share price rises by 10%, your shares are now worth SGD 1,100.
Result: +SGD 100 gross gain, i.e. +10% on your investment.
Trading via CFD
CFD trading lets you gain exposure to NetLink Trust’s share price movements without owning the stock itself. Fees typically include a spread (the difference between buy and sell prices) and overnight financing costs if positions are held longer than a day. CFDs let you use leverage, amplifying both gains and losses.
CFD Gain Scenario
You open a CFD position on NetLink Trust shares with 5x leverage and a SGD 1,000 deposit. This gives you market exposure of SGD 5,000.
Gain scenario: If the stock rises by 8%, your position gains 8% × 5 = 40%. Result: +SGD 400 gain, on a bet of SGD 1,000 (excluding fees).
Final advice
Before you invest, it's essential to compare brokerage fees and account terms carefully. The best choice depends on your objectives—spot buying suits long-term investors seeking stable yield, while CFDs can appeal to those seeking short-term, leveraged opportunities. For more detailed broker comparisons, refer to our table further down this page.
Check out the best brokers in Singapore!Compare brokersOur 7 tips for buying NetLink Trust stock
| 📊 Step | 📝 Specific tip for NetLink Trust |
|---|---|
| Analyze the market | Understand the fibre network sector in Singapore and how regulatory changes may impact NetLink Trust’s pricing model. |
| Choose the right trading platform | Use a trusted SGX-approved broker with competitive fees and efficient local settlement for investing in NetLink Trust. |
| Define your investment budget | Allocate funds while considering NetLink Trust’s stable profile and high dividend yield to balance your income and risk. |
| Choose a strategy (short or long term) | Consider a long-term approach to benefit from NetLink Trust’s steady cash flow and resilient infrastructure business in Singapore. |
| Monitor news and financial results | Regularly follow announcements on SGX and NetLink Trust’s quarterly results, as regulatory updates or network expansion plans can affect the stock. |
| Use risk management tools | Set price alerts and consider stop-loss levels to protect gains, even though NetLink Trust generally shows low volatility. |
| Sell at the right time | Review your position near key technical resistance or after dividend announcements, and adjust if sector outlook or regulations significantly shift. |
The latest news about NetLink Trust
NetLink Trust’s stock price maintained weekly growth and operational stability in the past seven days. The share price closed at SGD 0.885, unchanged intraday but up 1.14% for the week, reflecting modest but consistent investor confidence amid sound management and a reliable earnings profile widely recognised by market participants in Singapore.
Dividend yield remains attractive and distribution policy was reconfirmed after annual results in May. Following the full-year FY25 report, NetLink Trust confirmed the maintenance of its dividend, resulting in a forward yield of 6.09%. This is significant for local investors seeking stable income, especially as Singapore-listed dividend stocks remain in demand among yield-oriented portfolios.
Inclusion in the Straits Times Index reserve list highlights strategic importance and enhances visibility. In March 2025, NetLink Trust was re-added to the STI reserve list, underlining its relevance on the Singapore Exchange and signalling potential for future index inclusion. Such positioning draws greater attention from institutional investors and trackers focused on the Singapore market.
Technical signals turned more positive with key moving averages indicating continued upward bias. Recent technical analysis points to a bullish undertone, with 20-day and 200-day moving averages acting as support and the MACD giving a buy signal. This combination supports the case for sustained strength as retail and institutional flows align with the upward market consensus for NetLink Trust.
Analyst consensus for NetLink Trust remains constructive despite sector headwinds. Expert coverage continues to support a “buy” stance or overweight position, citing natural monopoly status, predictable regulatory framework, and ongoing network expansion, which together underpin medium-term growth prospects for this SG-based infrastructure leader.
FAQ
<i>What is the latest dividend for NetLink Trust stock?</i>
NetLink Trust currently pays a dividend. The most recent dividend was maintained following the May FY25 annual results, with a payment amounting to SGD 0.0539 per share over the year and a distribution yield of 6.09%. Dividends are generally distributed quarterly, and the trust has a track record of consistent and stable payouts, reflecting its resilient cash flow and monopolistic fibre infrastructure business in Singapore.
<i>What is the forecast for NetLink Trust stock in 2025, 2026, and 2027?</i>
Based on current market data, NetLink Trust is projected to reach SGD 1.15 by the end of 2025, SGD 1.33 by the end of 2026, and SGD 1.77 by the end of 2027. These outlooks are supported by steady network expansion and stable regulatory conditions. The company’s natural monopoly and recurring revenues offer investors strong visibility and a constructive growth profile in the local market.
<i>Should I sell my NetLink Trust shares?</i>
It may be wise to continue holding NetLink Trust shares, given the company’s sound fundamentals and stable long-term strategy. The current share price reflects a healthy valuation, supported by strong recurring cash flows and a defensive business model. NetLink Trust’s consistent dividend and essential role in Singapore’s fibre infrastructure suggest ongoing mid- to long-term growth potential. For many investors, this makes a compelling case for maintaining their positions rather than selling.
<i>How are dividends from NetLink Trust taxed in Singapore?</i>
Dividends paid by NetLink Trust are generally tax-exempt for individual investors in Singapore, as Singapore uses a one-tier corporate tax system and does not impose withholding tax on dividends for residents. No capital gains tax applies for individuals in Singapore, making NetLink Trust an attractive choice for those seeking tax-efficient dividend income. It’s important to note that institutional and foreign investors may be subject to different tax treatment depending on applicable treaties.
<i>What is the latest dividend for NetLink Trust stock?</i>
NetLink Trust currently pays a dividend. The most recent dividend was maintained following the May FY25 annual results, with a payment amounting to SGD 0.0539 per share over the year and a distribution yield of 6.09%. Dividends are generally distributed quarterly, and the trust has a track record of consistent and stable payouts, reflecting its resilient cash flow and monopolistic fibre infrastructure business in Singapore.
<i>What is the forecast for NetLink Trust stock in 2025, 2026, and 2027?</i>
Based on current market data, NetLink Trust is projected to reach SGD 1.15 by the end of 2025, SGD 1.33 by the end of 2026, and SGD 1.77 by the end of 2027. These outlooks are supported by steady network expansion and stable regulatory conditions. The company’s natural monopoly and recurring revenues offer investors strong visibility and a constructive growth profile in the local market.
<i>Should I sell my NetLink Trust shares?</i>
It may be wise to continue holding NetLink Trust shares, given the company’s sound fundamentals and stable long-term strategy. The current share price reflects a healthy valuation, supported by strong recurring cash flows and a defensive business model. NetLink Trust’s consistent dividend and essential role in Singapore’s fibre infrastructure suggest ongoing mid- to long-term growth potential. For many investors, this makes a compelling case for maintaining their positions rather than selling.
<i>How are dividends from NetLink Trust taxed in Singapore?</i>
Dividends paid by NetLink Trust are generally tax-exempt for individual investors in Singapore, as Singapore uses a one-tier corporate tax system and does not impose withholding tax on dividends for residents. No capital gains tax applies for individuals in Singapore, making NetLink Trust an attractive choice for those seeking tax-efficient dividend income. It’s important to note that institutional and foreign investors may be subject to different tax treatment depending on applicable treaties.
On the same topic
