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>Recent third party cargo volume data for Port of Tauranga (POT) is supportive to FY23 earnings growth but highlights some mix shifts over the past six months.</li><li>Log export growth has returned as a result of Cyclone Gabrielle forcing the harvesting of storm damaged trees in Central North Island forests.</li><li>In contrast, import container volumes have softened due to a more competitive Ports of Auckland (POAL) and a weakening consumer backdrop with likely de-stocking across the New Zealand supply chain.  </li></ul>

Recent third party cargo volume data for Port of Tauranga (POT) is supportive to FY23 earnings growth but highlights some mix shifts over the past six months.Log export growth has returned as a result of Cyclone Gabrielle forcing the harvesting of storm damaged trees in Central North Island forests.In contrast, import container volumes have softened due to a more competitive Ports of Auckland (POAL) and a weakening consumer backdrop with likely de-stocking across the New Zealand supply chain.  

Port of Tauranga - Logging Up Fewer Containers