Nzx - Small Tracking Error — 1H24 Result
We downgrade our NZX rating to NEUTRAL from OUTPERFORM, with NZX trading closer to our valuation following a strong July and August 2024 share...
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Nzx - Sticking to the Index - 1Q24 Revenue
NZX’s 1Q24 revenue breakdown displayed some promising themes, with a higher quality slant to the revenue mix against our prior...
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Nzx - FY23 Result — Controlling the Controllables
NZX's FY23 result underscored the value of its diverse revenue streams, with earnings coming in at the top end of its guidance range despite...
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Nzx - Green Shoots Emerging
A strong finish to 2023 for global equity markets has been enough to solidify our forecast of NZX's FY23 EBITDA at the top end of its guidance range.
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Nzx -Staying the Course at the Bourse
We forecast EPS to trough in FY23 and annual growth to average in the low double digits over the coming decade, led by the unlocking of operating...
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