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>Pricing is in vogue across Australasian ports; Port of Tauranga (POT) will likely be a beneficiary over the medium term.</li><li>Historically POT has been a volume centric business. While its business model has taken a more pricing orientated approach over the past two years, as illustrated by the introduction of an infrastructure levy in FY23, its ability to pull the pricing lever is constrained near term by competitive forces.</li><li>Investor optimism around imminent pricing from POT may be misplaced but the medium-term opportunity is very real with competitor, Port of Auckland (POAL), leading the way. </li></ul>

Pricing is in vogue across Australasian ports; Port of Tauranga (POT) will likely be a beneficiary over the medium term.Historically POT has been a volume centric business. While its business model has taken a more pricing orientated approach over the past two years, as illustrated by the introduction of an infrastructure levy in FY23, its ability to pull the pricing lever is constrained near term by competitive forces.Investor optimism around imminent pricing from POT may be misplaced but the medium-term opportunity is very real with competitor, Port of Auckland (POAL), leading the way. 

Port of Tauranga - Pricing in Pricing — Upgrade to NEUTRAL