WHS, IFT, ZEL: 3 NZX stocks in the spotlight as cost of living rises

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WHS, IFT, ZEL: 3 NZX stocks in the spotlight as cost of living rises

 WHS, IFT, ZEL: 3 NZX stocks in the spotlight as cost of living rises
Image source: Who is Danny, Shutterstock.com

Highlights:

  • High petrol prices and interest payments propelled the increase in living costs for the March quarter of 2022, as per Stats NZ data.
  • WHS is working to create an integrated supply chain, with an emphasis on retail pick up.
  • Infratil will own nearly 55.1% of QScan, post acquisition of Envision Medical Imaging.

Kiwis are facing high inflation that, in turn, is causing increased costs of living and is decreasing the value of money.

Stats NZ data released on Friday showed that high petrol prices and interest payments propelled the increase in living costs for the March quarter of 2022.

Of the 13 household groups surveyed, 3 middle- to high-spending household groups saw the biggest rise in the annual cost of living. Living costs for these household groups were 6.9% higher in the March quarter of 2022 than in the same quarter in 2021.

Source: © Vicza | Megapixl.com

On this note, here’s a look at the performance of 3 related stocks on the NZX.

The Warehouse Group Limited (NZX:WHS)

Leading retailer Warehouse’s market share rose to 6.1% of total retail sales in H1FY22, up 0.1 point on pcp. The Group's sophisticated pricing perception campaign resulted in $183 million in sales in the first quarter.

ALSO READ: Kiwis spending money on shopping? WHS, HLG: Retail stocks to watch out for

WHS is working to create an integrated supply chain, with an emphasis on retail pick-up Click & Collect orders and increasing the capacity of its customer service tools.

On 29 April, at the time of writing, WHS was trading at $3.48, down 1.14%.

Infratil Limited (NZX:IFTASX:IFT)

Infratil invests in infrastructure businesses and has investments in renewable energy, healthcare and airports as well.

ALSO READ: HLG, TRA, FCT & RBD: 4 NZX dividend stars of April

The Group completed the acquisition of Envision Medical Imaging, Perth’s biggest privately held medical imaging clinic by the QScan Group in April. Infratil will own nearly 55.1% of QScan post acquisition and it will give further scale and collaborations to Infratil’s broader Australasian healthcare platform, as per IFT’s CEO, Jason Boyes.

On 29 April, at the time of writing, IFT was trading at $8.315, down 0.42%.

Z Energy Limited (NZX:ZELASX:ZEL) 

A fuel supplier to retail and large commercial clients, Z Energy, announced that the High Court had approved the scheme of Arrangement with Ampol Limited on 26 April.

DO READ: 2 NZX fuel stocks to keep an eye on as petrol prices soar- CHI, NZO

ZEL has also delisted from the NZX Main Board, and its final day of trading was 28 April with trading halted and suspended at the close of business. Its shares will be delisted and will stop being quoted on the NZX Board from 10 May 2022, subject to conditions being met and Scheme implementation.

Bottom Line

Inflation will remain a key concern for the RBNZ going forward. Moreover, the COVID-19 situation and the Russia-Ukraine war continue to affect global supply chains, fuel prices and other living costs.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)

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