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Craigs sees more NZX-listed company downgrades ahead

Analysts add Port of Tauranga to Kiwi Conviction Portfolio as ‘high-quality asset’ that has underperformed the market.

Port of Tauranga.

SkyCity’s June profit warning was the canary in the coalmine ahead of multiple NZX-listed companies likely issuing earnings guidance below expectations, analysts at Craigs Investment Partners say.

But the firm said that the decline in domestic economic conditions this year were likely concentrated

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Hamish McNicol Mon, 15 Jul 2024
Contact the Writer: Hmcnicol@nbr.co.nz
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Craigs sees more NZX-listed company downgrades ahead
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