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 (MFT) has eased market concerns over its exposure to tariff-related trade issues, providing context to current trading conditions and indicating the earnings downgrade cycle may continue but not as severely as feared.</li>
<li>MFT's geographical spread mitigates US-specific issues, with the Air &amp; Ocean operations being most affected short term, but broader global demand environment implications being more relevant medium term.</li>
<li>Post-trading update share price bounce leads to MFT trading at ~22x PE on unchanged forward estimates, indicating it is fairly priced despite earnings growth at a premium over the next 12 months.</li>
</ul>


Mainfreight (MFT) has eased market concerns over its exposure to tariff-related trade issues, providing context to current trading conditions and indicating the earnings downgrade cycle may continue but not as severely as feared.
MFT's geographical spread mitigates US-specific issues, with the Air &amp; Ocean operations being most affected short term, but broader global demand environment implications being more relevant medium term.
Post-trading update share price bounce leads to MFT trading at ~22x PE on unchanged forward estimates, indicating it is fairly priced despite earnings growth at a premium over the next 12 months.


Mainfreight - The Wheels Are Firmly Attached

Mainfreight Ltd

Mainfreight - The Wheels Are Firmly Attached