ASB Raises Interest Rate Amid COVID-19 Uncertainties

• February 12, 2021 02:41 PM NZDT
• Team Kalkine

Bank of New Zealand (BNZ) has become the latest flagship customer for Microsoft New Zealand for its NZ data centre region. This announcement came on Thursday and is expected to see a lot of Bank’s applications move to Microsoft’s Azure ...

• February 11, 2021 04:16 PM NZDT
• Team Kalkine

Summary AMP reported an NPAT of A$295 million in FY20, down by 33%on FY19 due to lower earnings across its businesses and COVID-19 impact. AMP continues to engage with Ares constructively in relation to AMP Capital. Company’s 3-year tran...

• February 10, 2021 05:51 AM NZDT
• Mark O'Donnell

The S&P/NZX All Financial index started 2020 with a nosedive in March like all other indices on the NZX. It has since recovered its ground, and currently sits at more than 100 points above its pre-pandemic level. There are 7 companies on the NZ...

• February 05, 2021 06:48 PM NZDT
• Kunal Sawhney

Banking sector of a country is committed to holding financial assets for others and then, investing those assets to generate more capital. The banking system of New Zealand is stable with strong capitalisation, tough asset quality, and solid profitab...

• February 04, 2021 06:00 PM NZDT
• Mark O'Donnell

Summary The insurance segment in New Zealand is one of the most profitable than other OECD nations, although it is hampered by inefficiency and high operating costs. AMP will complete its divestment in NZ and Life insurance subsidiaries in 2021...

• January 21, 2021 02:47 PM NZDT
• Kunal Sawhney

Summary The latest Kingfish Newsletter revealed findings for the quarter from 1st of October to 31st of December 2020. It was revealed that Kingfish grew by 28% for the calendar year 2020, besides, it rose 13% above NZSE50. Kingfish also manag...

• January 21, 2021 12:32 PM NZDT
• Hina Chowdhary

Wellington-based Ascension Capital Ltd (NZX: ACE) is an investment holding company, which was called TRS Investments earlier. It has been a loss-making company since 2019. Without adequate working capital, the Company has been in a difficult territor...

• January 20, 2021 08:01 PM NZDT
• Team Kalkine

Marlin Global Limited (NZX:MLN) witnessed a strong year in 2020. It delivered nearly a 30% gross performance return compared to the global benchmark, which grew 10.2% for 12 months. Marlin gained 10.2% for the December quarter compared to the global...

• January 20, 2021 07:43 PM NZDT
• Team Kalkine

Summary Barramundi Limited gives better-than-expected results in Q2 ending December 2020. Performance due to sound investment strategies as well as a good team. For the future, BRM to focus on an all-weather portfolio, adding companies it feel...

• January 20, 2021 05:17 PM NZDT
• Team Kalkine

Dual-listed Australian Foundation Investment Company Limited (NZX:AFI), which invests in Australian equities, announced its half-yearly results Wednesday. The Company, which invests in a range of sectors, including energy, telecommunications, healt...