How are these infra stocks performing on NZX?

September 20, 2022 09:15 PM NZST | By Jasmine Anand
Follow us on Google News:


  • The NZ government remains committed to infrastructure projects that focus on providing affordable housing, and the well-being of its people, among others.
  • Fletcher Building to pay 22 cps as a dividend next month.
  • Steel & Tube Holdings conducted its Virtual Investor Meeting.

According to the latest reports, the NZ government has put forward its response to the NZ Infrastructure Commission’s first infrastructure strategy.

It aims to provide quality infrastructure for its people and it addresses various vital issues such as affordable housing, climate change, child poverty, etc. In other words, the Kiwi government is focused on investigating those infrastructure projects that support essential services, improve the well-being of NZers, and has committed an additional NZ$61.9 billion of infrastructure investment over the next five years.

In light of the given background, let us skim through the three infrastructure stocks listed on the NZX, namely, Fletcher Building, Infratil, and Steel & Tube Holdings.

Source: © Shotsstudio |

Fletcher Building Limited (NZX:FBU)

Fletcher Building Limited is a NZ-based infrastructure company, having NZ$4.38 billion as its market cap.

It delivered a solid FY22 performance with 42% growth in its NPAT amounting to NZ$432 million and a 13% jump in its EBIT, which clocked NZ$756 million. Despite facing global and national supply chain disruptions, FBU implemented a range of measures to tackle the said issue such as the import of additional products, operating product lines round the clock, establishing an emergency pool, etc.

It will pay 22 cps as a final dividend on 6 October and will hold its Annual Shareholders’ Meeting on 26 October.

On 9 September, at the closing bell, Fletcher Building traded flat at NZ$5.590.

Infratil Limited (NZX:IFT)

Infratil Limited is an  infrastructure investment company, having significant investments in sectors like renewable energy, digital infrastructure, airports, as well as healthcare. Its current market cap stands at NZ$6.77 billion.

Last month, the Company held its Annual Meeting, where its shareholders passed several resolutions, which were supported by its Board. Some of them were the election of Andrew Clark as a director and authorising IFT’s Board to fix the auditor’s fees and expenses.

On 9 September, at the closing bell, Infratil was down 0.53% to NZ$9.340.

Steel & Tube Holdings Limited (NZX:STU)

Offering a comprehensive range of steel and allied products, Steel & Tube Holdings Limited’s market cap stands at more than NZ$242 million.

In its recently held Virtual Investor Event, the Company highlighted its record FY22 performance with revenue rising 24.6% to NZ$599.1 million and NPAT doubling to NZ$30.2 million. On 23 September, it is expected to pay a final dividend of 7.5 cps.

On 9 September, at the closing bell, Steel & Tube Holdings was up 0.69% to NZ$1.450.


The content on this website, including, but not limited to, any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (“Content”) is a service provided by Kalkine Media New Zealand Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide financial advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests users seek financial advice from a financial advice provider, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all liability to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without any express or implied warranties of any kind. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit a source wherever it is indicated or is found to be necessary or desirable.

Top Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK