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>We expect Scales (SCL) to round out a challenging FY23 with a result at the top end of its underlying NPAT guidance range of NZ$14.0m–NZ$19.0m.</li><li>Investor areas of focus will be: (1) insights into the recovery pathway for the horticulture division particularly with the 2024 crop shaping up to be strong;</li><li>(2) global proteins outlook as demand/inventory levels begin to normalise (where we expect commentary to be cautiously optimistic); </li></ul>

We expect Scales (SCL) to round out a challenging FY23 with a result at the top end of its underlying NPAT guidance range of NZ$14.0m–NZ$19.0m.Investor areas of focus will be: (1) insights into the recovery pathway for the horticulture division particularly with the 2024 crop shaping up to be strong;(2) global proteins outlook as demand/inventory levels begin to normalise (where we expect commentary to be cautiously optimistic); 

Scales Corp Ltd

Scales - FY23 Preview — Bearing Fruit?