Global Markets Outlook: Maintain Defensive Posture
Our outlook for global equity markets remains cautious and we expect additional weakness and consolidation, notwithstanding shorter-term...
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Record 1H for Mercury; Stock Looks Relatively Attractive After Dip
Narrow-moat-rated Mercury NZ Ltd (MCY NZ) posted record first-half EBITDA of NZD 301 million, up 11% on the same period last year. The firm...
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Performance Goes from Good to Better; We Increase Mercury's FVE to NZD 3.60
Weather conditions remain highly favourable for narrow-moat Mercury NZ, which is benefiting from plenty of rain while major competitors face dry...
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Don't Be Shortsighted on New Zealand's Oversupplied Energy Market
New Zealand's vertically integrated electricity generator/retailers, or "gentailers", are high-quality businesses. The most attractive at present...
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