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

<ul><li>We upgrade our rating on Gentrack (GTK) to OUTPERFORM from NEUTRAL.</li><li>Our detailed market analysis suggests there is a significant runway of growth remaining for GTK in its core ‘commonwealth’ markets of the UK, Australia and New Zealand. </li><li>Alongside the potential for international contract wins, we see asymmetric risk to the upside of medium-term consensus revenue expectations, which appear to be anchored just beneath GTK's +15%-per-year growth guidance. </li></ul>

We upgrade our rating on Gentrack (GTK) to OUTPERFORM from NEUTRAL.Our detailed market analysis suggests there is a significant runway of growth remaining for GTK in its core ‘commonwealth’ markets of the UK, Australia and New Zealand. Alongside the potential for international contract wins, we see asymmetric risk to the upside of medium-term consensus revenue expectations, which appear to be anchored just beneath GTK's +15%-per-year growth guidance. 

Gentrack - A Common-WEALTH of Opportunity