Netlink Trust-the Fibre of a Smart Nation- dropped to a 52 week low of S$0.745 per unit on 8 June 2018 (Friday) during its mid-day trading, before recovering to close off at S$0.780 per unit. During 2018, most analysts were all setting price target of over S$0.915 per unit, but instead it dropped from the S$0.810 to S$0.745. Taking into account Netlink's IPO price of S$0.810, the Business Trust would have dropped 8% at its lowest point since the announcement of its year end results. What happened to this counter which investors used to praise for its relative stable business outlook and thus stable unit prices that was expected?
Are there changes in business fundamentals since the last announcement by Netlink? A quick search on SGX announcement and Netlink Trust official website did not reveal any profit warning or negative business developments. However, overall market ......