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

Fisher & Paykel Healthcare Corp / Equity Bottom-Up

<ul><li>There is unlikely to be any surprises when F&amp;P Healthcare (FPH) reports on Thursday, 28 November.</li><li>FPH recently provided 1H25 guidance (23 August), and since then respiratory patient volumes have moderated and there has been slight adverse currency moves.</li><li>The key question is: will FPH upgrade its FY25 guidance? Given recent positive datapoints, we see scope for lifting the bottom end of the range (implicit midpoint upgrade), but think FPH will wait to assess the impact of the northern hemisphere flu season before making any material changes. </li></ul>

There is unlikely to be any surprises when F&amp;P Healthcare (FPH) reports on Thursday, 28 November.FPH recently provided 1H25 guidance (23 August), and since then respiratory patient volumes have moderated and there has been slight adverse currency moves.The key question is: will FPH upgrade its FY25 guidance? Given recent positive datapoints, we see scope for lifting the bottom end of the range (implicit midpoint upgrade), but think FPH will wait to assess the impact of the northern hemisphere flu season before making any material changes. 

F&P Healthcare - 1H25 Preview — Breathing Easy