Latest news with #NetLinkNBNTrust
Business Times
3 days ago
- Business
- Business Times
Stocks to watch: OCBC, Keppel DC Reit, Jardine C&C, NetLink NBN Trust, Fu Yu
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 6). OCBC : The bank's insurer, Great Eastern, seeks to delist through OCBC exit offer of S$30.15 per share. The bank has made a S$0.9 billion conditional exit offer for the 6.28 per cent stake in Great Eastern it does not own, in a bid to delist the insurer. The offer, which OCBC said on Friday was made 'at the request of Great Eastern', is aimed at resolving the latter's 11-month suspension in share trading, while 'providing its shareholders an exit at a fair and reasonable price'. OCBC shares ended Thursday flat at S$16.23. Keppel DC Real Investment Estate Trust (Reit) , Jardine Cycle & Carriage (C&C) , NetLink NBN Trust : The Reit will replace Hong Kong-based conglomerate Jardine C&C on the benchmark Straits Times Index (STI), following a quarterly review. Internet service provider NetLink NBN Trust will replace Keppel DC Reit on STI's reserve list, said the index's administrator FTSE Russell on Thursday. Units of Keppel DC Reit closed S$0.02 or 0.9 per cent higher at S$2.19, while shares of Jardine C&C closed S$0.08 or 0.3 per cent lower on Thursday at S$23.85, before the announcement. Shares of NetLink NBN Trust ended S$0.005 or 0.6 per cent lower at S$0.865. Fu Yu: The components manufacturer said on Friday (June 6) that independent auditor Baker Tilly has qualified its FY2024 audited accounts due to an ongoing investigation into a subsidiary. The potential financial impact of the case remains undetermined, and shareholders are advised to review the full report and exercise caution, the auditor said in a bourse filing. Shares of Fu Yu closed flat at S$0.097 on Thursday.
Business Times
3 days ago
- Business
- Business Times
Stocks to watch: OCBC, Keppel DC Reit, Jardine C&C, NetLink NBN Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 6). OCBC : The bank has made a S$0.9 billion conditional exit offer at S$30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in a bid to delist the insurer. The offer, which OCBC said on Friday was made 'at the request of Great Eastern', will resolve the latter's 11-month suspension in share trading, while 'providing its shareholders an exit at a fair and reasonable price'. OCBC shares ended Thursday flat at S$16.23. Keppel DC Real Investment Estate Trust (Reit) , Jardine Cycle & Carriage (C&C) , NetLink NBN Trust : The Reit will replace Hong Kong-based conglomerate Jardine C&C on the benchmark Straits Times Index (STI), following a quarterly review. Internet service provider NetLink NBN Trust will replace Keppel DC Reit on STI's reserve list, said the index's administrator FTSE Russell on Thursday. Units of Keppel DC Reit closed S$0.02 or 0.9 per cent higher at S$2.19, while shares of Jardine C&C closed S$0.08 or 0.3 per cent lower on Thursday at S$23.85, before the announcement. Shares of NetLink NBN Trust ended S$0.005 or 0.6 per cent lower at S$0.865.
Straits Times
3 days ago
- Business
- Straits Times
Keppel DC Reit to replace Jardine C&C on STI
The STI reserve list is made up of the five highest ranking non-constituents of the index by market capitalisation. ST PHOTO: BRIAN TEO SINGAPORE - Keppel DC Real Estate Investment Trust (Reit) will replace Hong Kong-based conglomerate Jardine Cycle & Carriage (C&C) on the benchmark Straits Times Index (STI), following a quarterly review. Internet service provider NetLink NBN Trust will replace Keppel DC Reit on the STI's reserve list, said the index's administrator, FTSE Russell, in a bourse filing on June 5. The STI, Singapore's main stock market benchmark, is jointly calculated by FTSE Russell, SPH Media and the Singapore Exchange (SGX). The STI reserve list is made up of the five highest ranking non-constituents of the index by market capitalisation. Stocks on the reserve list will replace any STI constituents that become ineligible as a result of corporate action before the next review, which will take place in September. The other four companies on the reserve list are CapitaLand Ascott Trust, ComfortDelGro, Keppel Reit and Suntec Reit. The changes take effect at the start of business on Jun 23. Units of Keppel DC Reit closed $0.02 or 0.9 per cent higher at $2.19, while shares of Jardine C&C closed $0.08 or 0.3 per cent lower on Jun 5 at $23.85 before the announcement. Shares of NetLink NBN Trust ended $0.005 or 0.6 per cent lower at $0.865. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
3 days ago
- Business
- Business Times
Keppel DC Reit to replace Jardine C&C on STI
[SINGAPORE] Keppel DC Real Estate Investment Trust (Reit) will replace Hong Kong-based conglomerate Jardine Cycle & Carriage (C&C) on the benchmark Straits Times Index (STI), following a quarterly review. Therefore, Internet service provider NetLink NBN Trust will replace Keppel DC Reit on the STI's reserve list, said the index's administrator, FTSE Russell, in a bourse filing on Thursday (Jun 5). The STI, Singapore's main stock market benchmark, is jointly calculated by FTSE Russell; SPH Media, which publishes The Business Times; and the Singapore Exchange (SGX). The STI reserve list is made up of the five highest ranking non-constituents of the index by market capitalisation. Stocks on the reserve list will replace any STI constituents that become ineligible as a result of corporate action before the next review, which will take place in September. The other four companies on the reserve list are CapitaLand Ascott Trust, ComfortDelGro, Keppel Reit and Suntec Reit. The changes take effect at the start of business on Jun 23. Units of Keppel DC Reit closed S$0.02 or 0.9 per cent higher at S$2.19, while shares of Jardine C&C closed S$0.08 or 0.3 per cent lower on Thursday at S$23.85 before the announcement. Shares of NetLink NBN Trust ended S$0.005 or 0.6 per cent lower at S$0.865.
Yahoo
18-05-2025
- Business
- Yahoo
NetLink NBN Trust's (SGX:CJLU) Dividend Will Be SGD0.0268
NetLink NBN Trust (SGX:CJLU) will pay a dividend of SGD0.0268 on the 11th of June. This makes the dividend yield 5.9%, which is above the industry average. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Based on the last payment, the company wasn't making enough to cover what it was paying to shareholders. It will be difficult to sustain this level of payout so we wouldn't be confident about this continuing. Earnings per share is forecast to rise by 13.8% over the next year. If the dividend continues on its recent course, the payout ratio in 12 months could be 193%, which is a bit high and could start applying pressure to the balance sheet. See our latest analysis for NetLink NBN Trust Even though the company has been paying a consistent dividend for a while, we would like to see a few more years before we feel comfortable relying on it. Since 2018, the annual payment back then was SGD0.0462, compared to the most recent full-year payment of SGD0.0536. This implies that the company grew its distributions at a yearly rate of about 2.1% over that duration. NetLink NBN Trust hasn't been paying a dividend for very long, so we wouldn't get to excited about its record of growth just yet. Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Earnings per share has been crawling upwards at 4.1% per year. With anaemic earnings growth, it's not confidence inspiring to see NetLink NBN Trust paying out more than double what it is earning. Meaning that on balance, the dividend is more likely to fall in the future than to grow. In summary, while it's always good to see the dividend being raised, we don't think NetLink NBN Trust's payments are rock solid. The track record isn't great, and the payments are a bit high to be considered sustainable. This company is not in the top tier of income providing stocks. It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For instance, we've picked out 1 warning sign for NetLink NBN Trust that investors should take into consideration. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
