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's (SKC) historically defensive and resilient gaming earnings are beginning to show cracks from the weakening consumer environment in New Zealand and Australia.</li><li>The company now expects EBITDA to decline year-on-year in FY24, a change from its prior guidance of a modest increase.</li><li>The impact on NPAT from a reduction in gaming revenue is partially mitigated by lower than expected interest costs. </li></ul>

SkyCity's (SKC) historically defensive and resilient gaming earnings are beginning to show cracks from the weakening consumer environment in New Zealand and Australia.The company now expects EBITDA to decline year-on-year in FY24, a change from its prior guidance of a modest increase.The impact on NPAT from a reduction in gaming revenue is partially mitigated by lower than expected interest costs. 

SkyCity - Taking Some Chips Off the Table

Skycity Entertainment

SkyCity - Taking Some Chips Off the Table