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>Mainfreight (MFT) is due to report a material decline in profitability in its 1H24 result on 9 November 2023, due to unfavourable trading conditions.</li><li>A weak global and domestic volume backdrop has compounded rates pressure in the sea and air freight markets.</li><li>Lower volumes reflects a weaker global consumer and supply chain destocking.</li></ul>

Mainfreight (MFT) is due to report a material decline in profitability in its 1H24 result on 9 November 2023, due to unfavourable trading conditions.A weak global and domestic volume backdrop has compounded rates pressure in the sea and air freight markets.Lower volumes reflects a weaker global consumer and supply chain destocking.

Mainfreight - 1H24 Preview — Destock O'clock

Mainfreight Ltd

Mainfreight - 1H24 Preview — Destock O'clock