On 2 November 2022, NetLink NBN Trust (“NLNT”) recently announced their 2023Q2 first half year results. There have been significant improvement in their results, and they are well-positioned to ride through recession and inflation. However there are some short-term risks in 2023 which investors need to take note of. I have detailed them under “Key things to note”.

Website: Financial Statements and Related Announcement::Half Yearly Results

Background

NLNT was established in 2017 primarily for the purpose of owning all of the units of NetLink Trust (“NLT”), through which NLNT owns the only nationwide fibre network supporting Singapore’s Next Generation Nationwide Broadband Network (“Next Gen NBN”).

NLNT designs, builds, owns and operates the passive fibre network infrastructure of Singapore’s Next Gen NBN. An initiative led by the Singapore government, the Next Gen NBN aims to enhance the competitiveness of the economy through nationwide ultra-high-speed broadband access. By providing an open,