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>A slowing macro environment will dampen FRE's core B2B parcel momentum; B2C sector growth has slowed through 2H22</li><li>Information Management (IM) margins: The recent margin history for IM has been volatile and difficult to forecast accurately</li><li>Inflation and omicron; M&amp;A</li></ul>

A slowing macro environment will dampen FRE's core B2B parcel momentum; B2C sector growth has slowed through 2H22Information Management (IM) margins: The recent margin history for IM has been volatile and difficult to forecast accuratelyInflation and omicron; M&amp;A

Freightways: FY22 Preview — Bellwether to Set Tone

Freightways Ltd

Freightways: FY22 Preview — Bellwether to Set Tone