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>Infratil and its largest investment, CDC, delivered a confident and upbeat investor day, highlighting strong fundamentals with significant new capacity coming online over the next two years.</li><li>CDC's fundamentals remain strong with increased confidence in near-term earnings growth and reassurance of its competitive position in the data centre industry.</li><li>Despite CDC's strong fundamentals, investor sentiment towards data centres has softened, with no clear catalysts for Infratil and subdued sentiment towards its largest exposures.</li></ul>

Infratil and its largest investment, CDC, delivered a confident and upbeat investor day, highlighting strong fundamentals with significant new capacity coming online over the next two years.CDC's fundamentals remain strong with increased confidence in near-term earnings growth and reassurance of its competitive position in the data centre industry.Despite CDC's strong fundamentals, investor sentiment towards data centres has softened, with no clear catalysts for Infratil and subdued sentiment towards its largest exposures.

Infratil - CDC—Confidence in Delivery and Contracts