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>Sale of old refining assets small positive with more to come: The probable sale of ex-refining assets at a price of US$33.9m (~NZ$54.6m) is ~+7cps higher than the book value of all of CHI's ex-refining assets, and there are more assets for sale.</li><li>Sustainable aviation fuel getting off the ground: In other encouraging news, CHI recently announced that Fortescue Future Industries (FFI) is progressing its hydrogen scoping study to a pre-feasibility study.</li><li>Revised electricity contract modestly higher than expected: In mid-June 2023, CHI announced it had signed a new six year renewable electricity supply contract commencing in FY24 for ~NZ$6m per annum. </li></ul>

Sale of old refining assets small positive with more to come: The probable sale of ex-refining assets at a price of US$33.9m (~NZ$54.6m) is ~+7cps higher than the book value of all of CHI's ex-refining assets, and there are more assets for sale.Sustainable aviation fuel getting off the ground: In other encouraging news, CHI recently announced that Fortescue Future Industries (FFI) is progressing its hydrogen scoping study to a pre-feasibility study.Revised electricity contract modestly higher than expected: In mid-June 2023, CHI announced it had signed a new six year renewable electricity supply contract commencing in FY24 for ~NZ$6m per annum. 

Channel Infrastructure: Scrap More Refined Than Expected