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>Mainfreight’s (MFT) exposure to the fuel price shock is nuanced.</li><li>The pass-through lag has been reduced to one week in its global operations, similar to that in NZ, from one month previously.</li><li>Yet, near term MFT is potentially a modest volume beneficiary given the possible behavioural shift of customers to migrate to just-in-case from just-in-time models.</li></ul>

Mainfreight’s (MFT) exposure to the fuel price shock is nuanced.The pass-through lag has been reduced to one week in its global operations, similar to that in NZ, from one month previously.Yet, near term MFT is potentially a modest volume beneficiary given the possible behavioural shift of customers to migrate to just-in-case from just-in-time models.

Mainfreight Fuel: The Three Biggest Talking Points

Mainfreight Ltd

Mainfreight Fuel: The Three Biggest Talking Points