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) is not immune to the current challenges facing the global freight sector</li><li>We expect earnings growth to slow through FY23, from very high levels following an excellent first four months, as rapidly declining sea freight rates dampen its Air &amp; Ocean (A&amp;O)  segment profitability</li><li>Momentum in Transport and Warehousing has been impressive, highlighting MFT's competitive advantage and favourable growth characteristics</li></ul>

Mainfreight (MFT) is not immune to the current challenges facing the global freight sectorWe expect earnings growth to slow through FY23, from very high levels following an excellent first four months, as rapidly declining sea freight rates dampen its Air &amp; Ocean (A&amp;O)  segment profitabilityMomentum in Transport and Warehousing has been impressive, highlighting MFT's competitive advantage and favourable growth characteristics

Mainfreight: Tide Going Out on Sea Freight Rates

Mainfreight Ltd

Mainfreight: Tide Going Out on Sea Freight Rates