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) reported a disappointing 1H24 result, which incorporated a significant decline in profitability.</li><li>Management's retention of its full year NPAT guidance range (NZ$95m–NZ$107m) implies a sequentially stronger second half.</li><li>Cyclical and structural headwinds have meant materially lower trade volumes in the half. </li></ul>

Port of Tauranga (POT) reported a disappointing 1H24 result, which incorporated a significant decline in profitability.Management's retention of its full year NPAT guidance range (NZ$95m–NZ$107m) implies a sequentially stronger second half.Cyclical and structural headwinds have meant materially lower trade volumes in the half. 

Port of Tauranga - 1H24 — Stern Declines