Industrial Stocks

MFT, MOV, POT: Stocks in news as Govt eyes Wellington's transport revamp

  • June 29, 2022 02:44 PM NZST
  • Sonal
 MFT, MOV, POT: Stocks in news as Govt eyes Wellington's transport revamp

NZ Government has announced that it would go ahead with the light rail network and a new Mt Victoria tunnel as its choice. The plan is part of the Let’s Get Wellington Moving (LGWM) project,

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MFT, MOV, FRE- 3 NZX logistics stocks to keep an eye on in May

MFT, MOV, FRE- 3 NZX logistics stocks to keep an eye on in May

  • April 29, 2022 03:50 PM NZST
  • Sonal

Highlights: NZ businesses are struggling to keep up with increasing costs of raw materials, increased minimum wages and rising costs of freight and transport. Mainfreight anticipates increased freight volumes and improved service management as ...

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AIR, AIA: 2 stocks in news as AU-NZ travel resumes ahead of Easter

AIR, AIA: 2 stocks in news as AU-NZ travel resumes ahead of Easter

  • April 14, 2022 02:57 PM NZST
  • Sonal

Highlights Vaccinated Australians and permanent residents entered NZ without undergoing any quarantine on Wednesday. Air NZ announced that domestic passengers would not have to show vaccination proof or a negative COVID-19 report from Thursday....

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AIR, AIA- 2 NZX aviation stocks in news as travel industry rebounds

AIR, AIA- 2 NZX aviation stocks in news as travel industry rebounds

Highlights The aviation sector is the powerhouse of the economy as it generates economic growth Air New Zealand announces its Rights Offer Auckland International Airport appoints a new independent director who has been associated with top NZ-b...

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Napier Port (NZX:NPH) downgrades earnings guidance for FY22

Napier Port (NZX:NPH) downgrades earnings guidance for FY22

  • April 11, 2022 05:57 PM NZST
  • Manika

Napier Port (NZX.NPH) on Monday announced an update on 1HFY22 trade volumes and earnings guidance.   For the six months till March 31, container volumes decreased by 16.6% and bulk cargo volumes were down by 8.7% over pcp. The fall in cargo ...

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Interested in logistics stocks? 2 stocks to look at this month-FRE, MFT

Interested in logistics stocks? 2 stocks to look at this month-FRE, MFT

Highlights NZ’s logistics industry is well structured and has experienced strong growth in last few years Freightways records impressive HY22 performance, paid dividend this month Mainfreight suspends operations in Russia, owing to the R...

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Air NZ (NZX:AIR) shares take a tumble as rights offer trading begins

Air NZ (NZX:AIR) shares take a tumble as rights offer trading begins

  • April 06, 2022 03:29 PM NZST
  • Sonal

Highlights AIR NZ’s shares were trading lower by 9.5% at $0.86 on Wednesday. The airline plans to raise equity capital through a discounted rights issue and redeemable shares. Trading in Air NZ’s rights offer began today. Air ...

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NPH & POT: A glance at 2 NZX port stocks

NPH & POT: A glance at 2 NZX port stocks

  • April 01, 2022 04:39 PM NZDT
  • Manika

Highlights NZ ports report slower services due to the Omicron outbreak. The ports expect a lower throughput due to disruptions and closed borders. The workforce impacted due to self-isolation practices. Many ports have warned shipping com...

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Vroom Vroom! 3 NZX freight and logistics shares to keep an eye on

Vroom Vroom! 3 NZX freight and logistics shares to keep an eye on

  • March 29, 2022 07:28 PM NZDT
  • Sonal

Highlights The logistics sector of any country plays a crucial role in transferring goods from the point of source to the point of consumption. Mainfreight suspended its logistics services in and out of Russia on 9 March due to the ongoing conf...

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Air NZ (NZX:AIR) to begin direct flights to NYC from September

Air NZ (NZX:AIR) to begin direct flights to NYC from September

  • March 23, 2022 02:58 PM NZDT
  • Sonal

Highlights Air NZ to start direct flights from Auckland to NYC from September 2022. The flight will operate 3 times a week using a Boeing 787-9 Dreamliner. Air NZ announced on Wednesday that it would be relaunching its non-stop Auckland to...

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AIR, AIA: Aviation stocks to watch out for as NZ tourism sector struggles

AIR, AIA: Aviation stocks to watch out for as NZ tourism sector struggles

  • March 22, 2022 09:33 PM NZDT
  • Sonal

Highlights NZ has announced plans to reopen its borders after remaining closed for nearly 2 years. However, many factors can affect the sector’s recovery. AIR NZ may increase its airfares on international flights and expects to incur a ...

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