Stable performance PAT in line; Maintain BUY1QFY22 PAT of SGD24.8m (+5.3% YoY) met MKE/street estimates due tohigher EBITDA and lower finance cost. Our forecasts are unchanged.Maintain BUY and DDM-based TP (COE: 6.3%, LTG: 1.5%) of SGD1.13. Wecontinue to like NetLink as its 5.6% FY22E yield offers dividend visibilitygiven its business nature. Changes to its regulated […]

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