New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Equity Bottom-Up

<ul><li>Scott Technology (SCT) released a robust FY23 result that underscored the company's strategic focus to productise automated solutions across its core industries of: 1) protein processing, 2) materials handling and logistics, and 3) minerals sample preparation. Operating revenue rose +21% to NZ$268m, propelled by an improved performance from the materials handling segment and continued strength in the Protein (Meat) segment. </li><li>SCT's three core segments collectively grew revenue by +27% and now represent 79% of group revenue.</li><li>Buoyed by growth in the higher-margin service offering and improved profitability in the 'Rest of Business', SCT's EBITDA margin expanded by +60bp to 11.4%. </li></ul>

Scott Technology (SCT) released a robust FY23 result that underscored the company's strategic focus to productise automated solutions across its core industries of: 1) protein processing, 2) materials handling and logistics, and 3) minerals sample preparation. Operating revenue rose +21% to NZ$268m, propelled by an improved performance from the materials handling segment and continued strength in the Protein (Meat) segment. SCT's three core segments collectively grew revenue by +27% and now represent 79% of group revenue.Buoyed by growth in the higher-margin service offering and improved profitability in the 'Rest of Business', SCT's EBITDA margin expanded by +60bp to 11.4%. 

Scott Technology - FY23 Result — Core Growth

New Zealand

Skellerup Holdings Limited is a specialist manufacturer and distributor of rubber and foam products and industrial vacuum pumps, for the construction, mining, roofing, waterproofing, dairy, general agricultural and liquid waste management industries.

Wellington Drive Technologies Limited develops and manufactures brushless electronically commutated, external rotor motors.  The motors are used for air or fluid moving applications in the light industrial appliance market.

Metro Performance Glass Ltd manufactures glass for residential and business needs. The Company offers double glazing, frameless, decorative, safety, bathroom use options, along with glass care supplies. Metro Glass operates in New Zealand.

South Port New Zealand Limited operates the Bluff Harbor in the Port of Bluff, N ew Zealand.  Operations at the harbour include dry warehousing and storage     s ervices, cold storage facilities, dry docking for vessels, cargo handling, log debarking, container servicing and mobile harbor crane services.

Marsden Maritime Holdings Limited operates a marina port in New Zealand where the Company provides cargo handling, marine salvage, storage and port operation services.  The Company owns a fleet of tug vessels for the provision of towage and handling charter services.

AWF Madison Group Limited is a recruitment company.  The Company provides on-hire labour to industry and commerce.

Powerhouse Ventures Limited operates as an investment company. The Company invests in engineering, medical, healthcare, agriculture, environmental, and information technology sectors. Powerhouse Ventures conducts its business in Australia and New Zealand.

Tourism Holdings Limited provides tourist services in New Zealand and Australia. The Company's services include campervan and motor homes, car rentals and coach services.  The Company also offers sightseeing tours, Antarctic tourist centers, boating tours and cave expeditions.

Napier Port Holdings Limited provides shipping services. The Company offers transportation for cargo and passenger. Napier Port Holdings serves customers in New Zealand.

Freightways Limited provides express package services throughout New Zealand along with providing information management and business mail services.  The Company's courier services includes same day and overnight national and international deliveries, freight forwarding services, computer media transport and payroll data deliveries.

Cape Industries Ltd. manufactures cylinder liners for ship engines.  The Company produces liners that are used in MAN B&W Type, and Sulzer (Wartsila) Type engines.

RAC Electric Vehicles Inc. is a Taiwan-licensed car manufacturer. The Company develops all-electric low-floor city buses and manufactures zero-emission vehicles. RAC Electric's vehiles road-licensed by the Ministry of Transportation and Communications in Taiwan.

Jiangsu Huasheng Tianlong Photoelectric Co Ltd researches, develops and manufactures photovoltaic equipment.  The Company's products include polycrystalline silicon casting furnace, monocrystalline silicon growth furnace, monocrystalline silicon cutter, monocrystalline silicon butt & roll mill, and other growth equipment for various crystalloids.

XRF Scientific Ltd., through subsidiaries, manufactures laser and fusion equipment, chemicals for x-ray fluorescence, platinum and platinum alloys, and high-temperature furnaces.

Tenryu Saw Manufacturing Co Ltd based in Shizuoka, manufactures and wholesales saws. The Company's products include circular and chip saws for woodworking as well as saws for harder materials such as stones and diamonds.  Tenryu Saw Mfg. exports its products worldwide including Italy, France, the United States, Canada, and Australia.

Beijing Jingcheng Machinery Electric Co. Ltd. operates development, design, sales, installation, adjustment and trial, maintenance of cryogenic containers for storage and transportation, compressors; machinery equipment and electrical equipment; technical consultancy and technical services; import and export of commodities and technology.

Beijing Jingcheng Machinery Electric (187 HK)

Takatori Corporation designs, manufactures, and sells textile machinery for panty stocking and apparel related items.  The Company also makes and sells semiconductor manufacturing machines , LCD assembly systems, and cutting machinery.

Favelle Favco Bhd. designs, develops, and manufactures a wide range of cranes.

TRINITY INDUSTRIAL CORPORATION manufactures painting equipment, industrial machinery, and automobile supplies such as synthetic resin coating and engine head covers.  The Company's painting products include electrostatic painting machines, paint feeders, and pollution-free automated painting and drying systems.

TAKISAWA MACHINE TOOL CO., LTD. is a manufacturer of precision machine tools. The Company manufactures and repairs machining centers (MCs), metal processing machinery, and numerical control (NC) lathes.  Takisawa Machine Tool also produces machinery for making electronic components and communication devices as well as machinery for assessing environmental conditions.

Scott Technology Limited and its subsidiaries manufacture and service automated manufacturing lines for the appliance industry worldwide.  The Company designs and builds complete manufacturing systems ranging from small coil processors to large assembly facilities.

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Scott Technology (SCT NZ)

Scott Technology - FY23 Result — Core Growth

Buoyed by growth in the higher-margin service offering and improved profitability in the 'Rest of Business', SCT's EBITDA margin expanded by +60bp...

Forsyth Barr

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