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>MFT is trading cum-downgrade: MFT share price suggests that the market is expecting an earnings downgrade at the upcoming trading update</li><li>A&amp;O earnings remains the key short term issue for investors</li><li>New customer wins help mitigate cyclical concerns</li></ul>

MFT is trading cum-downgrade: MFT share price suggests that the market is expecting an earnings downgrade at the upcoming trading updateA&amp;O earnings remains the key short term issue for investorsNew customer wins help mitigate cyclical concerns

Mainfreight: Blue Hands in Bag, Ready to Pull It Out, Again

Mainfreight Ltd

Mainfreight: Blue Hands in Bag, Ready to Pull It Out, Again