Infrastructure and Real Estate Stocks

Which are 5 prominent names in NZ infrastructure sector?

infrastructure stocks

Highlights A country’s economic growth is steered by its infrastructure sector. Infratil announces its commitment to develop Gurīn Energy. Fletcher Building intends to hold its ASM in October. For any country, infrastructure compan...

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One Company From Real Estate Space With Decent Growth Prospects

One Company From Real Estate Space With Decent Growth Prospects

As the market players are aware, the outbreak of COVID-19 has impacted several industries and companies. The lockdowns which were imposed affected the operations of several companies. However, there are some companies which are expected to perform we...

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Steel & Tube Holdings (NZX:STU) keen to chart new territories in 2021

Steel & Tube Holdings (NZX:STU) keen to chart new territories in 2021

Steel & Tube Holdings Limited (NZX: STU) reported positive performance showing increased market demand led by busy residential and infrastructure sectors which have given some balance effect to moderating non-residential construction sector. The...

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Genesis Energy (NZX:GNE) highlighted key priorities for the future

Genesis Energy (NZX:GNE) highlighted key priorities for the future

Summary As per a presentation, the Company highlighted its key points for delivering more of its core, as well laying foundation for future. Genesis Energy’s plan covers serving its customer, digital innovation, and future-gen. During No...

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A Sneak Peek into Fletcher Building (NZX:FBU) performance

A Sneak Peek into Fletcher Building (NZX:FBU) performance

Summary 2020 has been a challenging year for FBU with COVID-19 pandemic presenting some distinctive tests. The Group revenue for 4 months ended 31 October 2020 were 1% higher than pcp amid resilient trading conditions in both New Zealand and Au...

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The Post-Covid Property Buying Rage in New Zealand

The Post-Covid Property Buying Rage in New Zealand

Summary One possible factor which has led to the rise in property prices is low interest rate by Reserve Bank of New Zealand. During announcement of half-year results, KPG stated that the cost of rent relief measures which were introduced to he...

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Infratil (NZX:IFT) investment in CDC indicates substantial growth

Infratil (NZX:IFT) investment in CDC indicates substantial growth

Summary The latest valuation of CDC signifies a rise in Infratil’s investment in CDC compared to September 2020. Amid rising demands, CDC is anticipated to result in its current data centres reaching capacity ahead of the expectations. I...

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Steel & Tube Holdings expects higher EBIT for six months ending December 2020

Steel & Tube Holdings expects higher EBIT for six months ending December 2020

Summary The latest newsletter of Steel & Tube Holdings sheds light on the Company’s new projects and long-term contracts secured by it. For the previous 6 month ending 31 December 2020, the Company anticipates reporting EBIT amid NZ$6...

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Why did Infratil decline AustralianSuper's NZD5.4 billion takeover bid?

Why did Infratil decline AustralianSuper's NZD5.4 billion takeover bid?

Summary Recently, Infratil rejected AustralianSuper's NZD5.4 billion takeover bid citing the offer is unattractive and undervalues IFT. AustralianSuper offered takeover bid twice to the Infratil twice this year, however, during the second time ...

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Infratil (NZX:IFT) turns down takeover offer by AustralianSuper

Infratil (NZX:IFT) turns down takeover offer by AustralianSuper

Summary Infratil received a cash offer from AustralianSuper to acquire 100% of the Company at $7.43 per share, representing a 22% premium on Infratil's share price. However, the Company has turned down the offer as it undervalued assets of ...

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Infratil (NZX:IFT) declares strategic review of its stakes in Tilt Renewables

Infratil (NZX:IFT) declares strategic review of its stakes in Tilt Renewables

Summary Infratil is planning to undertake a strategic review of its stake in Tilt Renewables, a wind farm company with a portfolio of operating assets in Australia and NZ with a significant development pipeline, after strong interest from potent...

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