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>Contact Energy (CEN) delivered a 1H23 result well down on 1H22, but in line with expectations</li><li>CEN also released a soft January 2023 operating result of NZ$30m, the lowest January in the past nine years, although it was impacted by trading losses</li><li>CEN is on the cusp of delivering strong earnings momentum, albeit that requires a turnaround in recent operating statistics</li></ul>

Contact Energy (CEN) delivered a 1H23 result well down on 1H22, but in line with expectationsCEN also released a soft January 2023 operating result of NZ$30m, the lowest January in the past nine years, although it was impacted by trading lossesCEN is on the cusp of delivering strong earnings momentum, albeit that requires a turnaround in recent operating statistics

Contact Energy: Turning for Home With the Wind in Its Sales