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>SkyCity (SKC) will report a material decline in underlying NPAT at its FY24 result, reflecting demand pressures from a challenging cyclical environment, and operational changes for compliance purposes. </li><li>SKC's updated FY24 EBITDA guidance range of NZ$280m–NZ$285m, provided in early June 2024, leaves little scope for operational surprise at the result.</li><li>More interesting will be recent trading and outlook commentary, and any potential refinements to the early FY25 guidance. </li></ul>

SkyCity (SKC) will report a material decline in underlying NPAT at its FY24 result, reflecting demand pressures from a challenging cyclical environment, and operational changes for compliance purposes. SKC's updated FY24 EBITDA guidance range of NZ$280m–NZ$285m, provided in early June 2024, leaves little scope for operational surprise at the result.More interesting will be recent trading and outlook commentary, and any potential refinements to the early FY25 guidance. 

SkyCity - FY24 Preview — The Chips Are Down

Skycity Entertainment

SkyCity - FY24 Preview — The Chips Are Down