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>IFT in the driving seat of two mega trends, supported by a solid cash generative New Zealand core</li><li>One NZ in a better position than SPK with no private cloud headwinds and mobile momentum</li><li>Acquisition makes sense in IFT's portfolio — allowing portfolio flexibility</li></ul>

IFT in the driving seat of two mega trends, supported by a solid cash generative New Zealand coreOne NZ in a better position than SPK with no private cloud headwinds and mobile momentumAcquisition makes sense in IFT's portfolio — allowing portfolio flexibility

Infratil: Consolidating Core; Reinstate OUTPERFORM

Infratil Ltd

Infratil: Consolidating Core; Reinstate OUTPERFORM