0519 GMT - NetLink NBN Trust retains its bull at CGS International thanks to its defensive distribution yield of around 5.4%, after the fiber-network infrastructure business trust's FY 2026 distribution per unit rose. Analysts Li Jialin and Lim Siew Khee continue to like the Singapore-listed trust for its stable operating cash flow, but note that its capital expenditure could remain elevated as it takes on more projects. These include a 20-hectare data-center park in the city-state's Jurong Island, in which NetLink could provide connectivity infrastructure, according to management, the analysts say. CGSI raises its target price to S$1.07 from S$1.05 and maintains an add rating. Units are flat at S$1.02. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 18, 2026 01:19 ET (05:19 GMT)
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