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

<ul><li>Chorus (CNU) reported a solid FY24 result, with the key positive being strong dividend guidance, aided by an increased payout range following its capital review.</li><li>FY25 dividend guidance was ~+14% ahead of our and consensus estimates.</li><li>With a higher payout range, our longer-term dividend estimates increase high-single digits. </li></ul>

Chorus (CNU) reported a solid FY24 result, with the key positive being strong dividend guidance, aided by an increased payout range following its capital review.FY25 dividend guidance was ~+14% ahead of our and consensus estimates.With a higher payout range, our longer-term dividend estimates increase high-single digits. 

Chorus - FY24 Result — Fibre Speed Dividend Growth

Chorus Ltd

Chorus - FY24 Result — Fibre Speed Dividend Growth