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

<div><div><div><div><ul><li>NZX has upgraded its FY24 normalised EBITDA guidance range +NZ$4.75m (+11%) at the midpoint, with stronger capital raising activity and trading volumes the key drivers.</li><li>The Funds Management and Wealth Tech businesses are also performing well, growing funds under management (FUM) and funds under administration (FUA) at a steady rate.</li><li>With a higher earnings outlook, we have lifted our target price +5cps (+3.2%) to NZ$1.60. </li></ul></div></div></div></div>

NZX has upgraded its FY24 normalised EBITDA guidance range +NZ$4.75m (+11%) at the midpoint, with stronger capital raising activity and trading volumes the key drivers.The Funds Management and Wealth Tech businesses are also performing well, growing funds under management (FUM) and funds under administration (FUA) at a steady rate.With a higher earnings outlook, we have lifted our target price +5cps (+3.2%) to NZ$1.60. 

NZX Ticking Higher — FY24 Guidance Upgrade