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>Port of Tauranga (POT) will report a decline in earnings when it reports its 1H24 result on 23 February 2024.</li><li>Operating deleverage from lower cargo volumes and weaker container storage income will weigh on first half performance.</li><li>POT is losing import and export container volume share to Port of Auckland, and transhipments continue to be impacted by shipping service changes in early CY23. </li></ul>

Port of Tauranga (POT) will report a decline in earnings when it reports its 1H24 result on 23 February 2024.Operating deleverage from lower cargo volumes and weaker container storage income will weigh on first half performance.POT is losing import and export container volume share to Port of Auckland, and transhipments continue to be impacted by shipping service changes in early CY23. 

Port of Tauranga - 1H24 Preview — Tough Going