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>We reinstate our rating on Investor (IPL) at NEUTRAL, with a 12-month target price of NZ$1.30.</li><li>Whilst lower interest rates have improved the liquidity of non-core assets, IPL will likely want to match any significant divestments with acquisitions to minimise earnings dilution.</li><li>We think IPL’s attractive yield (7.6% gross yield for a 33% taxpayer), underpinned by the non-discretionary nature of its tenant base, will find favour with investors looking for safe income in a lower-interest-rate environment.</li></ul>

We reinstate our rating on Investor (IPL) at NEUTRAL, with a 12-month target price of NZ$1.30.Whilst lower interest rates have improved the liquidity of non-core assets, IPL will likely want to match any significant divestments with acquisitions to minimise earnings dilution.We think IPL’s attractive yield (7.6% gross yield for a 33% taxpayer), underpinned by the non-discretionary nature of its tenant base, will find favour with investors looking for safe income in a lower-interest-rate environment.

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

<ul><li>CGS International's Ong raises BRC Asia target price to $5.30 amid high demand.</li><li>RHB raises DBS target price to $57.10 after stock reaches a new high.</li><li>UOB Kay Hian maintains Keppel REIT at 'buy' with a $1.20 target after Sydney mall buy.</li></ul>

CGS International's Ong raises BRC Asia target price to $5.30 amid high demand.RHB raises DBS target price to $57.10 after stock reaches a new high.UOB Kay Hian maintains Keppel REIT at 'buy' with a $1.20 target after Sydney mall buy.

Singapore Market Roundup (10-Oct-2025): Ong raises BRC Asia target price to $5.30 due to demand.

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Sep 4th (reported today). The aggregated short interest was USD51.0bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in CAR, Cochlear, Predictive Discovery, Sonic Healthcare, Qantas Airways.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Sep 4th (reported today). The aggregated short interest was USD51.0bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in CAR, Cochlear, Predictive Discovery, Sonic Healthcare, Qantas Airways.


ASX Short Interest Weekly (Sep 4th): CAR, Cochlear, Predictive Discovery, Sonic Healthcare

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Aug 28th (reported today). The aggregated short interest was USD50.8bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Steadfast, Brambles, Worley, Transurban, Charter Hall.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Aug 28th (reported today). The aggregated short interest was USD50.8bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Steadfast, Brambles, Worley, Transurban, Charter Hall.


ASX Short Interest Weekly (Aug 28th): Steadfast, Brambles, Worley, Transurban, Charter Hall

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>To an Australian individual investor, franking credits simply recognise tax already paid by a company on their earnings. These credits may reduce tax you would otherwise pay on dividend income.</li>
<li>This dividend imputation system prevents double taxation and essentially treats company tax paid as a prepayment of shareholder tax.</li>
<li>The system makes a lot of sense. It's a curious thing so few countries have adopted a similar corporate tax structure.</li>
</ul>


To an Australian individual investor, franking credits simply recognise tax already paid by a company on their earnings. These credits may reduce tax you would otherwise pay on dividend income.
This dividend imputation system prevents double taxation and essentially treats company tax paid as a prepayment of shareholder tax.
The system makes a lot of sense. It's a curious thing so few countries have adopted a similar corporate tax structure.


Australia

Woolworths Limited operates supermarkets, specialty and discount department stores, liquor and electronics stores throughout Australia.  Woolworths also manufactures processed foods, exports and wholesales food and offers petrol retailing.  The Company also operates hotels which includes pubs, food, accommodation, and gaming operations.

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Woolworths Ltd (WOW AU)

Investore Time to Get Moving

Whilst lower interest rates have improved the liquidity of non-core assets, IPL will likely want to match any significant divestments with...

Forsyth Barr

Singapore Market Roundup (10-Oct-2025): Ong raises BRC Asia target price to $5.30 due to demand.

CGS raises BRC Asia target to $5.30 due to high demand; RHB lifts DBS target to $57.10; UOB Kay Hian keeps Keppel REIT at 'buy' with $1.20 target.

Singapore Market Roundup

ASX Short Interest Weekly (Sep 4th): CAR, Cochlear, Predictive Discovery, Sonic Healthcare

We analyzed ASX short interest report for the past week and highlight short interest changes in CAR, Cochlear, Predictive Discovery, Sonic...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Aug 28th): Steadfast, Brambles, Worley, Transurban, Charter Hall

We analyzed ASX short interest report for the past week and highlight short interest changes in Steadfast, Brambles, Worley, Transurban, Charter Hall.

Ke Yan, CFA, FRM

Let's Talk Aussie Franking Credits

Dividend imputation allows tax credits to be passed to shareholders from companies for corporate tax paid. It prevents double taxation and treats...

David Blennerhassett

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52-week Range

Market Cap (USDm)

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