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

Hallenstein Glassons Holdings / Equity Bottom-Up

<ul><li>Hallenstein Glassons (HLG) reported a strong 18-week trading update, with sales up c.+10% on the prior year.</li><li>Strong momentum in Glassons AU continues to offset softer New Zealand operating conditions, a trend which we expect to continue to play out in FY25. ​​​​​</li><li>We think the vastly improved retail fundamentals of its Glassons Australia business gives HLG license to expand its store base, which HLG is now actioning, targeting 2–5 net new stores per year in Australia over the medium term. </li></ul>

Hallenstein Glassons (HLG) reported a strong 18-week trading update, with sales up c.+10% on the prior year.Strong momentum in Glassons AU continues to offset softer New Zealand operating conditions, a trend which we expect to continue to play out in FY25. ​​​​​We think the vastly improved retail fundamentals of its Glassons Australia business gives HLG license to expand its store base, which HLG is now actioning, targeting 2–5 net new stores per year in Australia over the medium term. 

Hallenstein Glasson - Green and Gold Pastures