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>Comvita (CVT) reported a weak four month trading update, but pointed to an optimistic outlook for 2H24 when providing first-time FY24 revenue and EBITDA guidance.</li><li> CVT's key Chinese and North American markets have been challenging, primarily due to a slower economy and a pull-back in discretionary spending respectively.</li><li>CVT has pointed to stronger November trading (which includes 11.11) in its main Chinese market, as well as robust growth in its retail store channel (largely in Asia) as indicators that demand is recovering and adverse trading to date is mostly timing-related. </li></ul>

Comvita (CVT) reported a weak four month trading update, but pointed to an optimistic outlook for 2H24 when providing first-time FY24 revenue and EBITDA guidance. CVT's key Chinese and North American markets have been challenging, primarily due to a slower economy and a pull-back in discretionary spending respectively.CVT has pointed to stronger November trading (which includes 11.11) in its main Chinese market, as well as robust growth in its retail store channel (largely in Asia) as indicators that demand is recovering and adverse trading to date is mostly timing-related. 

Comvita Ltd

Comvita - Losing Its Buzz?