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

<div><div><div><div><ul><li>Our analysis of Google Trends data as a proxy for consumer demand across Tourism Holdings' (THL) key vehicle sales markets suggests general market stability through its vehicle sales low season.</li><li>The data for November 2024 Google search interest shows little underlying change in consumer demand for RVs relative to recent months.</li><li>Critically, the RV sales market hasn't deteriorated further since 2Q24, but similarly has yet to see any meaningful up-tick. </li></ul></div></div></div></div>

Our analysis of Google Trends data as a proxy for consumer demand across Tourism Holdings' (THL) key vehicle sales markets suggests general market stability through its vehicle sales low season.The data for November 2024 Google search interest shows little underlying change in consumer demand for RVs relative to recent months.Critically, the RV sales market hasn't deteriorated further since 2Q24, but similarly has yet to see any meaningful up-tick. 

Tourism Holdings - Google Trenz: Stable Through Low Season