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Broker Comment

Amcor Assessed

[PREMIUM] Analysts have been following Amcor closely as the Australian market conditions start to affect margins. It appears there is continuing confidence in the stock.

Alliance brings global equity exposure

(PREMIUM) The Alliance Trust has been recommended by First NZ Capital as an attractive holding for investors seeking a diversified defensive exposure to quality global equities. ...

GPG capital return may tighten discount

(PREMIUM) GPG is trading at a historically high discount to NAV says brokerage Forsyth Barr, but they expect it to narrow as the valuation realisation process progresses and confidence in Coats’ value improves. ...

Holding margin key for RBD

(PREMIUM) RBD’s FY11 result of $25.1m before non-trading items was in line with guidance and was 26% up on last year. KFC EBITDA was up 13%, Pizza Hut EBITDA was up 4% and Starbucks was up 27%. Margins were 22.1% at KFC, 9.5% at Pizza Hut and 14.0% at Starbucks. ...

Waiting for winter

(PREMIUM) Business confidence may be soaring but consumer confidence is quite different and remains fairly unreliable. In this context the latest results flow from the listed retail sector is reasonably encouraging, except for latent concern about consumer spending patterns. ...

Henderson Far East realigns portfolio

(PREMIUM) Mike Kerley, portfolio manager for Henderson Far East Income Ltd, has realigned his portfolio by increasing weighting in China, Singapore and Thailand and reducing holdings in Taiwan. ...

New Services Add Capacity

(PREMIUM) Three new container services are to be added at Port of Tauranga between June and August, adding 130 services p.a. The new services to be added by Maersk, PIL and MSC add much-needed slot capacity in a market that has been very tight for some time, comments First NZ Capital. ...