Transport Trends: Bare Feeling From De-Stocking
The transport industry's road to normalisation, after the disruption of the past three years, is increasingly being influenced by the deteriorating...
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Napier Port: 1H23 — Looking Beyond Gabrielle Hangover
We upgrade Napier Port to NEUTRAL from UNDERPERFORM following its post-Cyclone Gabrielle share price fall and in light of further evidence in its...
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Napier Port: 1H23 Result Initial Thoughts
Napier Port (NPH) reported an improved 1H23 result against a subdued prior year period, though Cyclone Gabrielle detracted from the otherwise very...
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Napier Port: After the Storm
Napier Port's (NPH) near-term earnings will suffer materially from Cyclone Gabrielle, with its two biggest trades, forestry and pip-fruit, both...
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Transport Trends: Nothing Normal About the Normalising
The industry is normalising, but from different angles and at a different rates: Abnormal gains in international freight are unwinding rapidly,...
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