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>Earnings weaker than expected, caused by operating (de)leverage and a higher cost base</li><li>Consumer demand weakness likely to continue into FY24</li><li>Final dividend is cut, but net debt should remain under control</li></ul>

Earnings weaker than expected, caused by operating (de)leverage and a higher cost baseConsumer demand weakness likely to continue into FY24Final dividend is cut, but net debt should remain under control

My Food Bag Group Ltd

My Food: Bag Less in the Bag