New Zealand Professional Investment Services Firm

Forsyth Barr

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.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

Channel Infrastructure NZ Ltd / Equity Bottom-Up

<ul><li>Channel Infrastructure (CHI) has acquired a 25% stake in the Somerton Pipeline for A$14.2m (~NZ$16.4m).</li><li>The deal will be fully debt funded and cashflow accretive in FY26.</li><li>We lift our target price +6cps (+2.2%).</li></ul>

Channel Infrastructure (CHI) has acquired a 25% stake in the Somerton Pipeline for A$14.2m (~NZ$16.4m).The deal will be fully debt funded and cashflow accretive in FY26.We lift our target price +6cps (+2.2%).

Channel Infrastructure Pipeline Across The Ditch