New Zealand’s 5 Stocks To Keep An Eye On in 2021- FPH, MFT, AIR, ZEL, SPK

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Stocks markets are always buzzing with ever-changing market speculations and dynamic action and NZX being no different.

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Let us glance through some of the NZX stocks which are trending and are under the spotlight.

Fisher & Paykel Healthcare Corporation Limited

World’s leading company in medical devices and systems, Fisher & Paykel Healthcare Corporation Limited (NZX:FPH), had recently provided FY21 trading update.

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FPH’s operating revenue climbed to 73% during the nine months ended 31 December 2020, due to the increased hardware sales and hospitalisation charges. Moreover, the sale of hospital hardware and consumables rose significantly to 446% and 54%, respectively, during the said period.

Further, due to the uncertainties prevailing in the current scenario related to the effectiveness and progress of the vaccines, the Company does not have a rationale for providing business guidance for FY21. However, FPH is committed to working with complete dedication for all its patients across the world.

On 5 March 2021, at the time of market close, FPH stock was at $28.55 up by 1.96%.

ALSO READ: 5 Healthcare Dividend Stocks Turning Heads On NZX- OCA, PHL, AFT, EBO, FPH

Mainfreight Limited

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NZ’s leading logistics and transport company, Mainfreight Limited (NZX:MFT) reported satisfactory first half-yearly results ended 30 September 2020. The Company witnessed a considerable rise in its revenues to $1.61 billion.

PAT was reported at $102.26 million up $19.42 million on pcp. Further, MFT declared an interim dividend of 30 cps, payment of which was made on 18 December 2020.

On 5 March 2021, at the time of market close, MFT stock was at $68.010, down by 0.86%.

ALSO READ: What led to the significant rise in Mainfreight’s (NZX:MFT) shares in 2020?

Air New Zealand Limited

The aviation company, Air New Zealand Limited (NZX:AIR) revealed in its latest results for the first half of FY21 2021, the loss before taxation to stand out at $185 million due to the constant pressure of COVID-19 related challenges.

Its operating revenue was reported at $1.2 billion, down 59% on pcp.  Further, AIR witnessed about $700 million as short-term liquidity in February 2021.

Greg Foran, Chief Executive Officer, AIR, stated the airline focusses on continuous improvements in its business strategies to lower operational costs and remains optimistic about the future.

On 5 March 2021, at the time of market close, Air New Zealand was at $1.575, decreasing by 0.32%.

ALSO READ: Top 6 NZX Stocks With Impressive Dividend Yield -AIR, SKC, SPK, KPG, CEN, MEL

Z Energy Limited

On 3 March 2021, NZ’s leading fuel company, Z Energy Limited (NZX:ZEL) announced top-level changes in its executive team w.e.f. 1 April 2021.

Julian Hughes, who is presently working as GM Strategy and Risk, will be assuming the role of GM Transition and will report to the Company’s Chief Executive. Nicolas Williams will take charge as GM Strategy and Risk. Further, presently working as the Integrated Supply Chain Manager, Nicola Law will be heading as GM Commercial.

Mike Bennetts, Z Energy’s Chief Executive, opined that with these managerial changes, Z Energy would continue to remain focused on its business strategies and aim for continued enhancement of value for all its stakeholders.

The Company reported $58 million as historical cost net loss after tax for the 1HFY21 to 30 September 2020, down 307% on pcp, primarily due to the high-cost inventory being sold at lesser prices during the COVID- 19 lockdown (during the first half of 2020).

Further, due to a decrease in volumes and fuel margins in the pandemic, EBITDAF declined to $95 million, down 48% on pcp.

However, Z Energy assured of FY21 EBITDAF guidance between $235m and $265m.

On 5 March 2021, at the time of market close, ZEL stock traded at $2.72, up by 0.74%.

ALSO READ: Will 3 NZX-listed oil and gas stocks – NZR, NZO, ZEL -- continue to spark interest?

Spark New Zealand Limited

NZ’s leading telecommunication company, Spark New Zealand Limited (NZX:SPK), announced a stable performance amid the uncertain market conditions arising due to the pandemic.

Spark declared a robust EBITDAI of $502 million in H1 FY21 for the period ended December last year. Further, the Company reported strong free cash flows of $113 million, up 126% on pcp.

However, its revenue amounting to $1,796 million, decreased marginally by 1.5% as compared to the previous corresponding period. Also, NPAT declined by 11.4% to $148 million during the six months period ended 31 December 2020.

Also, for FY21, the Board announced total dividend guidance of 25 cps and EBITDAI guidance between $1,100 million to $1,130 million.

On 5 March 2021, at the time of market close, Spark New Zealand was at $4.58, down by 1.08%.

ALSO READ: 5 NZX Stocks Gaining Investor’s Attention - MEL, MFT, SPK, PEB, IFT

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