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) will report its 1H24 result on Tuesday, 27 February.</li><li>Overall, we expect there to be limited room for any operational surprises nor any significant updates on its RP2 process following its capex update earlier in the month.</li><li>The key focuses of the result are: (1) the shape of cash flow in its legacy copper business. We estimate CY24 will mark a substantial step down in legacy capex, opex, and revenues. </li></ul>

Chorus (CNU) will report its 1H24 result on Tuesday, 27 February.Overall, we expect there to be limited room for any operational surprises nor any significant updates on its RP2 process following its capex update earlier in the month.The key focuses of the result are: (1) the shape of cash flow in its legacy copper business. We estimate CY24 will mark a substantial step down in legacy capex, opex, and revenues. 

Chorus - In the Regulatory Waiting Room, Take RP2

Chorus Ltd

Chorus - In the Regulatory Waiting Room, Take RP2