New Zealand Professional Investment Services Firm

Forsyth Barr

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.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

United states Health care / Thematic (Sector/Industry)

<ul><li>The aged care sector has had another tough month, led by Ryman Healthcare (RYM) down ~-12%, re-tracing most of its post capital raise performance.</li><li>Where to from here? We remain of the view that the sector in general, and RYM particularly, presents some of the best risk-reward opportunities in the NZ market.</li><li>Over the last six months: (1) house prices and turnover have inflected; (2) the aged care association has reached its most favourable funding agreement with aged care providers for several years; (3) staff shortages have eased materially through record immigration; and (4) NZ has had an election with an outcome that is likely to be modestly positive for the sector. </li></ul>

The aged care sector has had another tough month, led by Ryman Healthcare (RYM) down ~-12%, re-tracing most of its post capital raise performance.Where to from here? We remain of the view that the sector in general, and RYM particularly, presents some of the best risk-reward opportunities in the NZ market.Over the last six months: (1) house prices and turnover have inflected; (2) the aged care association has reached its most favourable funding agreement with aged care providers for several years; (3) staff shortages have eased materially through record immigration; and (4) NZ has had an election with an outcome that is likely to be modestly positive for the sector. 

Aged Care Sector - It's Always Darkest Before the Dawn