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

Thematic (Sector/Industry)

New zealand Energy / Thematic (Sector/Industry)

<ul><li>ASX futures price path will drive sector higher in medium-term, but will likely provide stiff earnings headwind post-FY27</li><li>Mass market price growth lags commercial &amp; industrial price growth</li><li>Reassessing mass market and commercial &amp; industrial pricing benefits CEN, negative for MNW</li></ul>

ASX futures price path will drive sector higher in medium-term, but will likely provide stiff earnings headwind post-FY27Mass market price growth lags commercial &amp; industrial price growthReassessing mass market and commercial &amp; industrial pricing benefits CEN, negative for MNW

Electricity Sector: Futures Energise Earnings