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 (IFT) is due to report its 1H24 result on Thursday, 16 November.</li><li>IFT stated at its AGM in August that 1Q24 trading had been strong from its key companies (likely CDC and One NZ), and it gave IFT confidence that FY24 earnings are tracking towards the top end of its guidance range.</li><li>We believe the focus of the result will be on: (1) CDC outlook comments, (2) margin improvement at One NZ, (3) possible independent valuation update of Longroad, (4) interest costs (and 'look through' debt levels). </li></ul>

Infratil (IFT) is due to report its 1H24 result on Thursday, 16 November.IFT stated at its AGM in August that 1Q24 trading had been strong from its key companies (likely CDC and One NZ), and it gave IFT confidence that FY24 earnings are tracking towards the top end of its guidance range.We believe the focus of the result will be on: (1) CDC outlook comments, (2) margin improvement at One NZ, (3) possible independent valuation update of Longroad, (4) interest costs (and 'look through' debt levels). 

Infratil - CDC Outlook and One NZ Margins in Focus

Infratil Ltd

Infratil - CDC Outlook and One NZ Margins in Focus