Forsyth Barr

#MorningReport - Global markets mostly advanced as easing oil prices and renewed AI sentiment lifted Wall Street ahead of the US midterm elections. Europe gained on stronger manufacturing activity, while Asia-Pacific diverged as record South Korean... ow.ly/Kf0k51036Zb

#MorningReport - Global markets retreated as disappointing US technology earnings and mounting AI spending concerns triggered a sharp Wall Street sell-off, with semiconductor weakness extending into Europe and Asia-Pacific. Hong Kong and Australasia... ow.ly/SAc75102MEv

#MorningReport - Wall Street was weaker in afternoon trade as Alphabet headed for its worst day since listing in 2004. That revived concerns about the cost of the AI build-out and dragged technology and software stocks lower. European markets rallied... ow.ly/1McS5102g6P

#RetailRundown - The Cost of Doing Business. The retail equation is relatively simple in theory: grow gross profit faster than your cost of doing business. Execution is a lot more challenging in practice, particularly when the first part of that... ow.ly/gSsz5101Uar

#MorningReport - Global markets mostly advanced as record SK Hynix earnings fuelled a semiconductor rally across Asia-Pacific and supported Wall Street technology stocks ahead of the Fed’s rate decision. Europe remained subdued amid mixed corporate... ow.ly/fsKW5101TIW

#HeartlandGroup - 1Q27—Accruing to Guidance. $HGH reported a robust 1Q27 trading update and is so far on track to meet its reiterated FY27 guidance. Reverse mortgage lending in NZ and Australia continues to grow at high-teens rates year-on-year, net... ow.ly/BJpg5101x7P

#Serko - More Room for an Upgrade. $SKO indicated that it expects a ‘modest’ increase in FY27 total income guidance at its 1H27 result (16 November 2026), as stronger trading in its core business more than offsets a smaller contribution from its new US... ow.ly/Nw5R5101x7o

#ChannelInfrastructure - Fuelled for the Long Haul. $CHI has released updated Envisory forecasts that point to a stronger long-term outlook, with diesel and petrol volumes expected to be higher, offsetting lower jet volumes. Our throughput outlook... ow.ly/HsUc5101x6w

#WealthWeekly - Abbott: A Healthy Mix. Abbott Laboratories combines some of healthcare’s most promising growth markets in one company, from glucose sensors and heart implants to cancer tests and biosimilar medicines. The planned spin-out of the... ow.ly/cxO15101x4o

We're pleased to welcome Stephen Freundlich as Branch Manager in our Christchurch office. Information and contact details for Stephen are available on our website: ow.ly/9m975101z2H

#MorningReport - Global markets were mostly higher as AI enthusiasm and easing oil prices lifted Wall Street, with semiconductor gains extending into Japan and South Korea following Anthropic’s IPO filing. Europe diverged as UK equities weakened ahead... ow.ly/p5b65101ww0

#QuantitativeScreening - NZ Market Multiples: 12 Month Forward Snapshot. The 12 month forward weighted PE for the New Zealand market is currently 24.3x, +28% above the long run average and +4% above the 5-year ex COVID average. ow.ly/2GM05101aGH

#ikeGPS - 2Q27 Update: Waiting on the New Lines. $IKE delivered a soft 2Q27/1H27 update, reporting group revenue 8% below our 1H27 estimate. The miss reflected slower-than-expected Subscription revenue growth, driven by contract timing, and weak... ow.ly/B4Jf51018EX

#TurnersAutomotiveGroupLtd - Vehicle Digest Edition 14—Two-Speed Market. Data in the September 2026 quarter highlighted a divided NZ auto retail market: used-vehicle turnover is softening, while new and used import registrations remain buoyant, somewhat... ow.ly/JNOU51018C3

#MorningReport - Wall Street rallied as Anthropic’s IPO filing revived appetite for the AI trade, lifting beaten-down chipmakers, while softer oil prices added support. Europe rebounded on upbeat corporate updates, while Brazilian assets were... ow.ly/UAuq51018zf

#GenesisEnergy - Hedging Seesaws—1Q27 Op Stats. $GNE's 1Q27 operating result was down on 1Q26 due to several reasons, the largest of which was an unfavourable hedging position in 1Q27, compared with a favourable position in 1Q26. Generation costs were... ow.ly/VEHp5100jQJ

#ScottTechnology - FY26 Delivers, Investment Grows for FY30. $SCT delivered a solid FY26 result, with operating revenue and EBITDA exceeding our expectations, though first-time FY27 EBITDA guidance came in below our forecasts. The FY26 performance was... ow.ly/v31p5100jPe

#MorningReport - Equity markets slid as pressure on the AI trade intensified. Investors moved into bonds, pulling the US 10-year yield back below 5%. Brent crude climbed to a five-month high following a Houthi drone strike on a Saudi oil facility, and... ow.ly/KLhQ5100jlY

#AirNewZealand - Revenue & Fuel Both Flying Higher. $AIR new-look operating stats suggest robust yield improvement through 1Q27 on constrained capacity. Higher revenue is helping to partly mitigate higher fuel costs and other inflationary pressures, but... ow.ly/KUG750ZZVrC

#SkellerupHoldings - New Year, Same Skellerup. As expected, $SKL provided a positive 1Q27 trading update. Earnings through 1Q27 were up +15% on the prior year, whilst first-time FY27 NPAT guidance of NZ$67m to NZ$72m represents c.+8% earnings growth on... ow.ly/szI850ZZVrc