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>Napier Port's (POT) 1H24 trade volumes were mixed but in aggregate should contribute to a strong sequential profit bounce following a weak 2H23 which was materially impacted by Cyclone Gabrielle.</li><li>First half container volumes fell -17% against the prior year, but this shortfall should be more than made up for by a strong lift in bulk cargo tonnage (+22%) and an additional 26 cruise vessel calls.</li><li>Log exports were particularly strong, helped by central North Island windthrown related harvesting and additional unprocessed log volume from the Pan Pac closure. </li></ul>

Napier Port's (POT) 1H24 trade volumes were mixed but in aggregate should contribute to a strong sequential profit bounce following a weak 2H23 which was materially impacted by Cyclone Gabrielle.First half container volumes fell -17% against the prior year, but this shortfall should be more than made up for by a strong lift in bulk cargo tonnage (+22%) and an additional 26 cruise vessel calls.Log exports were particularly strong, helped by central North Island windthrown related harvesting and additional unprocessed log volume from the Pan Pac closure. 

Napier Port

Napier Port - First Half Whiplash