New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

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.

Equity Bottom-Up

<ul><li>Mainfreight’s (MFT) Annual Shareholders Meeting (ASM) trading update heralds the dramatic return to synchronised growth.</li><li>PBT for the first 16 weeks was up +78% on the prior year, driven by synchronised growth across all geographies and all products.</li><li>That said, with the earnings cycle now positively back in upgrade territory, and valuation levels by no means stretched, we reiterate an OUTPERFORM rating.</li></ul>

Mainfreight’s (MFT) Annual Shareholders Meeting (ASM) trading update heralds the dramatic return to synchronised growth.PBT for the first 16 weeks was up +78% on the prior year, driven by synchronised growth across all geographies and all products.That said, with the earnings cycle now positively back in upgrade territory, and valuation levels by no means stretched, we reiterate an OUTPERFORM rating.

<ul><li>Mainfreight (MFT) is due to report a strong start to FY27 in an Annual Shareholders Meeting (ASM) trading update on Thursday, 30 July 2026.</li><li>Moreover, we expect the update to be supportive of full-year consensus growth expectations (PBT +13% against the prior year), with risk to the upside.</li><li>Trading at ~22x one-year forward PE, MFT is at a meaningful discount to the average multiple of its closest listed peers—DSV (DSV.CO), Kuehne+Nagel (KNIN.S), and Old Dominion Freight Line (ODFL.O).</li></ul>

Mainfreight (MFT) is due to report a strong start to FY27 in an Annual Shareholders Meeting (ASM) trading update on Thursday, 30 July 2026.Moreover, we expect the update to be supportive of full-year consensus growth expectations (PBT +13% against the prior year), with risk to the upside.Trading at ~22x one-year forward PE, MFT is at a meaningful discount to the average multiple of its closest listed peers—DSV (DSV.CO), Kuehne+Nagel (KNIN.S), and Old Dominion Freight Line (ODFL.O).

Mainfreight ASM to Confirm Strong Start to FY27

United States

Hub Group, Inc. is a full-service transportation provider, offering intermodal, truck brokerage, and logistics services.  The Company arranges for the movement of its customers' freight in containers and trailers over long distances.  Hub Group operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads.

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Hub Group Inc Cl A (HUBG US)

Mainfreight Boom

Mainfreight’s (MFT) Annual Shareholders Meeting (ASM) trading update heralds the dramatic return to synchronised growth. PBT for the first 16...

Forsyth Barr

Mainfreight ASM to Confirm Strong Start to FY27

Mainfreight (MFT) is due to report a strong start to FY27 in an Annual Shareholders Meeting (ASM) trading update on Thursday, 30 July...

Forsyth Barr

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