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

Summerset Group Holdings / Equity Bottom-Up

<ul><li>Summerset (SUM) reported record new sales and resales in 4Q23, with resales in particular ahead of our expectations.</li><li>The strong Q4 resales numbers resulted in FY23 resales up +16% from its weak FY22.</li><li>More importantly, resales as a proportion of overall stock for SUM is now back at its long-run average, indicating a normalised, or close to fully normalised, market. </li></ul>

Summerset (SUM) reported record new sales and resales in 4Q23, with resales in particular ahead of our expectations.The strong Q4 resales numbers resulted in FY23 resales up +16% from its weak FY22.More importantly, resales as a proportion of overall stock for SUM is now back at its long-run average, indicating a normalised, or close to fully normalised, market. 

Summerset Group - Good End to 2023; Even Better Start to 2024?