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.

Thematic (Sector/Industry)

<ul><li>The housing market picks up from slow start to the year (REINZ, Feb.): National sales up +22.2% seasonally adjusted month-on-month (previously -33.5%) but are +0.3% yoy (previously -1.9%).</li><li>Rents remain under pressure (Trade Me, Feb.): Median rents -3.1% yoy with the largest declines in Marlborough (-5.8%), Gisborne (-4.4%), Otago (-3.3%), and Wellington (-3%).</li><li>Metro Performance Glass (MPG) trading update: MPG expect revenue c.-9% below previous guidance on the back of lower volumes and pricing pressures.</li></ul>

The housing market picks up from slow start to the year (REINZ, Feb.): National sales up +22.2% seasonally adjusted month-on-month (previously -33.5%) but are +0.3% yoy (previously -1.9%).Rents remain under pressure (Trade Me, Feb.): Median rents -3.1% yoy with the largest declines in Marlborough (-5.8%), Gisborne (-4.4%), Otago (-3.3%), and Wellington (-3%).Metro Performance Glass (MPG) trading update: MPG expect revenue c.-9% below previous guidance on the back of lower volumes and pricing pressures.

Australia

Reece Limited operates as a plumbing, building and hardware merchant throughout Australia.  The Company offers a variety of bathroom, kitchen and laundry products through its national stores and showrooms.  Reece's products are utilized by plumbers, consumers, architects, builders and interior designers.

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Reece Ltd (REH AU)

Building News Wrap

The housing market picks up from slow start to the year (REINZ, Feb.): National sales up +22.2% seasonally adjusted month-on-month (previously...

Forsyth Barr

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