Broker: OCBC Group Research
Date of Report: 19 May 2026
Excerpt from OCBC Group Research report.
Report Summary
- NetLink NBN Trust (NETLINK SP)
- Action: BUY
- Target Price: SGD 1.12 (raised from SGD 1.05)
- Key Idea: Despite a YoY decline in 2HFY26 EBITDA and net profit, NetLink declared a higher final dividend and full-year DPU, reflecting management’s commitment to steady dividend growth. The fair value estimate is raised; maintain BUY.
- Thai Beverage (THBEV SP)
- Action: BUY
- Target Price: SGD 0.55 (unchanged)
- Key Idea: Strong 2QFY26 results, especially in beer and food segments, driven by lower raw material costs and prudent cost management. Lower input costs for molasses and malt secured through year-end should support recovery and cushion softer demand. Maintain BUY.
above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC website : https://www.ocbc.com
