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 well placed to benefit from the current cyclical recovery in international freight volumes.</li><li>The global industry is now cycling the destocking event of CY22–CY23, with robust volume growth now evident in recent global sea and air freight data.</li><li>This backdrop will be supportive to MFT's 2H24 period, for which any downgrade risk has now passed, and FY25, during which we expect a resumption of earnings growth. </li></ul>

Mainfreight (MFT) is well placed to benefit from the current cyclical recovery in international freight volumes.The global industry is now cycling the destocking event of CY22–CY23, with robust volume growth now evident in recent global sea and air freight data.This backdrop will be supportive to MFT's 2H24 period, for which any downgrade risk has now passed, and FY25, during which we expect a resumption of earnings growth. 

Mainfreight Ltd

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