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) released an uncharacteristically, albeit partly anticipated, subdued trading update.</li><li>Profit growth in the first 17 weeks of 2H23 has slowed sharply from extremely high levels over the past two years</li><li>MFT has enjoyed consistent double digit NPAT growth through each half year period since 2H18 until now</li></ul>

Mainfreight (MFT) released an uncharacteristically, albeit partly anticipated, subdued trading update.Profit growth in the first 17 weeks of 2H23 has slowed sharply from extremely high levels over the past two yearsMFT has enjoyed consistent double digit NPAT growth through each half year period since 2H18 until now

Mainfreight Ltd

Mainfreight: Engine Brake Slows Momentum