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>One of Napier Port's (NPH) largest customers is shutting down permanently, which will result in a headwind to FY25 earnings growth.</li><li>Winstone Pulp International (WPI) announced a temporary closure of its timber mills last month, and following employee consultation, a final decision to close permanently has been made.</li><li>NPH has suggested that WPI currently contributes EBITDA of around ~NZ$4m, largely reflecting pulp and timber exports that are containerised at its Port Pack facility. </li></ul>

One of Napier Port's (NPH) largest customers is shutting down permanently, which will result in a headwind to FY25 earnings growth.Winstone Pulp International (WPI) announced a temporary closure of its timber mills last month, and following employee consultation, a final decision to close permanently has been made.NPH has suggested that WPI currently contributes EBITDA of around ~NZ$4m, largely reflecting pulp and timber exports that are containerised at its Port Pack facility. 

Napier Port

Napier Port - WPI Closure Hurts