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>We expect Skellerup (SKL) to report a solid FY25 result on 21 August 2025.</li><li>We forecast NPAT growth of +10% on the prior year, with a strong 2H25 rebound in the Industrial division.</li><li>Despite tariff noise, we believe outlook comments will be relatively upbeat, but we don't expect quantitative guidance.</li></ul>

We expect Skellerup (SKL) to report a solid FY25 result on 21 August 2025.We forecast NPAT growth of +10% on the prior year, with a strong 2H25 rebound in the Industrial division.Despite tariff noise, we believe outlook comments will be relatively upbeat, but we don't expect quantitative guidance.

Skellerup Holdings FY25 Preview—Industrious Growth

South Korea

Kakao M Corp. provides entertainment services. The Company provides digital music platforms building, music album production, music evaluation, and other services. Kakao M also offers artists excavation and management services.

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Loen Entertainment (016170 KS)

Skellerup Holdings FY25 Preview—Industrious Growth

We expect Skellerup (SKL) to report a solid FY25 result on 21 August 2025.We forecast NPAT growth of +10% on the prior year, with a strong 2H25...

Forsyth Barr

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