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>LCD finalisation confirmed by PEB: Refer our recent research for more detail here.</li><li>Materiality is high: PEB disclosed that CMS represented ~NZ$15.3m of revenue in FY23 (13,800 commercial tests) – this is consistent with our estimate of NZ$15.6m and represents ~66% of FY23 revenue excluding interest income and currency. </li><li>PEB will undertake cost-out initiatives: This is no surprise and consistent with our expectations. </li></ul>

LCD finalisation confirmed by PEB: Refer our recent research for more detail here.Materiality is high: PEB disclosed that CMS represented ~NZ$15.3m of revenue in FY23 (13,800 commercial tests) – this is consistent with our estimate of NZ$15.6m and represents ~66% of FY23 revenue excluding interest income and currency. PEB will undertake cost-out initiatives: This is no surprise and consistent with our expectations. 

Pacific Edge (PEB): Medicare Response − Bad News Confirmed