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

Equity Bottom-Up

Channel Infrastructure NZ Ltd / Equity Bottom-Up

<ul><li>Channel Infrastructure (CHI) has confirmed that throughput volumes remain robust and growing, albeit the growth rate has eased, consistent with jet traffic plateauing.</li><li>Our forecasts and target price remain unchanged ahead of CHI's 1H24 result, to be released on 23 August 2024. Seadra continues to work on acquiring ex-refining assets, rolling its option three months to the end of September 2024.</li><li>We continue to assume Seadra completes the deal. </li></ul>

Channel Infrastructure (CHI) has confirmed that throughput volumes remain robust and growing, albeit the growth rate has eased, consistent with jet traffic plateauing.Our forecasts and target price remain unchanged ahead of CHI's 1H24 result, to be released on 23 August 2024. Seadra continues to work on acquiring ex-refining assets, rolling its option three months to the end of September 2024.We continue to assume Seadra completes the deal. 

Channel Infrastructure - Sticking to the Straight Road — 2Q24 Op Stats