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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Mainfreight (NZX:MFT): How did its supply chain business fare?

Mainfreight (NZX:MFT): How did its supply chain business fare?

  • December 16, 2021 05:11 PM NZDT
  • Sonal

Highlights Mainfreight delivered a strong performance across its all five regions in its half-year results for the 6 months to 30 September 2021. Air & Ocean’s revenue performance was particularly strong across regions. Mainfreight w...

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One Steel Company with Decent Growth Prospects

One Steel Company with Decent Growth Prospects

As the market participants are aware, the global economy was significantly impacted by the outbreak of the COVID-19 pandemic. The lockdowns which were imposed impacted the performance of several companies. However, there are anticipations that some c...

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Would NZX freight and logistics stocks see turnaround in 2022?

Would NZX freight and logistics stocks see turnaround in 2022?

  • November 16, 2021 10:00 PM NZDT
  • Sonal

Logistics refers to the practice of developing and implementing efficient transportation and storage of goods from the origin point to the consumption point, while freight involves the goods movement by trains, ships, aeroplanes or lorries. NZ&rsq...

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How are NZX tourism stocks doing amid low border crossing?

How are NZX tourism stocks doing amid low border crossing?

New Zealand is world-famous for its tourist destinations. However, owing to the pandemic, its tourism sector bore the maximum brunt. With the start of the quarantine-free travel with Australia, the sector looked optimistic and keen on recovery. B...

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Auckland International (NZX:AIA) alters indicative margin for retail bond offer

Auckland International (NZX:AIA) alters indicative margin for retail bond offer

  • November 10, 2021 05:49 PM NZDT
  • Sonal

Highlights AIA is providing up to $100 million of 5-year fixed rate bonds. The Group revised indicative margin for its bond offer on Wednesday to 0.7% per annum. Bonds are due to mature on 17 November 2026. Auckland International Airport ...

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GE stock jumps 17% on plans to split into three companies

GE stock jumps 17% on plans to split into three companies

Highlights GE Electric Company (NYSE: GE) announced plans to split into three public companies, with the spin-off starting in early 2023. The Boston-based company was founded in 1892 before it became a massive business conglomerate. The stock ...

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Freightways (NZX:FRE): What is its strategy discussed in ASM?

Freightways (NZX:FRE): What is its strategy discussed in ASM?

  • November 08, 2021 05:57 PM NZDT
  • Sonal

Highlights FRE experienced a solid FY21, but its results were impacted in Q1 FY22 due to a level 4 lockdown. The Company plans to advance its pricing for effort for its courier brands, grow its waste renewal business and looks for efficiency in...

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Which 2 NZX Freight & Logistics Services stocks have hefty YTD returns?

Which 2 NZX Freight & Logistics Services stocks have hefty YTD returns?

  • November 05, 2021 09:59 PM NZDT
  • Sonal

Highlights The freight and logistics sectors help in the management of goods movement in or outside NZ.  Move Logistics opened its retail entitlement offer on 1 November.  Mainfreight released an update on trading performan...

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Which are 5 NZX transportation stocks with decent YTD returns?

Which are 5 NZX transportation stocks with decent YTD returns?

  • November 04, 2021 05:57 PM NZDT
  • Sonal

Highlights NZ has a big, efficient, and varied transport sector. Move Logistics opened the retail entitlement offer as part of its aim to raise $40 million. South Port announced that Thomas Foggo would be elected to the SPN Board in 2023. ...

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AIR & AIA: How are airline stocks surviving the pandemic?

AIR & AIA: How are airline stocks surviving the pandemic?

Highlights NZ Government has notified that it would now commence with phased relaxation of border restrictions. In Air NZ’s Annual Shareholders’ Meeting, the Company’s Chairman stated that 2021 had been a year of uncertainty a...

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