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>At its ASM, Turners Automotive (TRA) guided to a record first-half performance for 1H25, implying profit before tax (PBT) will be greater than the NZ$25.7m it reported in 1H24.</li><li>TRA continues to execute admirably against a challenging economic and industry backdrop.</li><li>Sales volumes in the Auto Retail division are tracking ahead of FY24, in line with data from our sales tracker, suggesting continued market share gains (industry sales from April to July 2024 were -6% behind the same period in 2023). </li></ul>

At its ASM, Turners Automotive (TRA) guided to a record first-half performance for 1H25, implying profit before tax (PBT) will be greater than the NZ$25.7m it reported in 1H24.TRA continues to execute admirably against a challenging economic and industry backdrop.Sales volumes in the Auto Retail division are tracking ahead of FY24, in line with data from our sales tracker, suggesting continued market share gains (industry sales from April to July 2024 were -6% behind the same period in 2023). 

Turners Automotive Group Ltd - On Pole for a Record 1H25