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>Synlait Milk’s (SML) 1H26 trading update was well below our subdued expectations.</li><li>While SML has not been impacted by the recent ARA ingredient recall issues, there has clearly been wider disruption across the business over the past six months.</li><li>SML’s sale of its North Island assets for NZ$307m is due to settle on 1 April 2026.</li></ul>

Synlait Milk’s (SML) 1H26 trading update was well below our subdued expectations.While SML has not been impacted by the recent ARA ingredient recall issues, there has clearly been wider disruption across the business over the past six months.SML’s sale of its North Island assets for NZ$307m is due to settle on 1 April 2026.

Synlait Milk

Synlait Milk Curdled Milk ... Again