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>The most important new piece of information in SkyCity’s (SKC) FY25 result will be the impact of mandatory carded play (MCP) on NZ gaming earnings.</li><li>SKC’s key self-help strategy is the potential sale of a property asset (or assets), which could shore up the balance sheet and support a re-rating towards book value.</li><li>A weak consumer backdrop, particularly in NZ, has weighed on SKC’s gaming and non-gaming operations.</li></ul>

The most important new piece of information in SkyCity’s (SKC) FY25 result will be the impact of mandatory carded play (MCP) on NZ gaming earnings.SKC’s key self-help strategy is the potential sale of a property asset (or assets), which could shore up the balance sheet and support a re-rating towards book value.A weak consumer backdrop, particularly in NZ, has weighed on SKC’s gaming and non-gaming operations.

SkyCity FY25 Preview—Taking Bets On Carded Play

Skycity Entertainment

SkyCity FY25 Preview—Taking Bets On Carded Play