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>Falling interest rates are coming at the wrong time for Vector (VCT), as the halfway point for the Commerce Commission's (ComCom) risk-free rate setting process has just passed.</li><li>Lower interest rates reduce the regulatory cost of capital impacting VCT's electricity revenue under its default price path (DPP4).</li><li>Lower interest rates, however, do help valuation metrics. </li></ul>

Falling interest rates are coming at the wrong time for Vector (VCT), as the halfway point for the Commerce Commission's (ComCom) risk-free rate setting process has just passed.Lower interest rates reduce the regulatory cost of capital impacting VCT's electricity revenue under its default price path (DPP4).Lower interest rates, however, do help valuation metrics. 

Vector - Unhelpful Interest - 4Q24 Op Stats

Vector Ltd

Vector - Unhelpful Interest - 4Q24 Op Stats