Air New Zealand's Risk-Reward Skewed to the Downside -- Market Talk

Dow Jones

03/26

0003 GMT - Rising fuel prices have skewed Air New Zealand's risk-reward to the downside, Forsyth Barr says. It retains an underperform call and cuts its price target by 30% to NZ$0.35/share. "Air New Zealand's situation was already challenged before the Middle Eastern conflict began," analyst Andy Bowley says. "Losses have been exacerbated by its exposure to the unhedged jet fuel crack spread, creating additional balance sheet pressure." Air New Zealand was already above the top end of its target gearing range in 1H. Forsyth Barr notes Air New Zealand is trading on a multiple of 0.86x trailing net tangible assets. "Such a discount may appear attractive," it says. "However, Air New Zealand has traded as low as 0.39x NTA historically." Air New Zealand is up 1.2% at NZ$0.44. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 25, 2026 20:03 ET (00:03 GMT)

应版权方要求，你需要登录查看该内容

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/hans/news/2622853478"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2622853478\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2622853478?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-26 08:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2622853478","market":"nz","top_or_hot":-1,"title":"Air New Zealand's Risk-Reward Skewed to the Downside -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0003 GMT - Rising fuel prices have skewed <a href=\"https://laohu8.com/S/ANZFF\">Air New Zealand</a>'s risk-reward to the downside, Forsyth Barr says. It retains an underperform call and cuts its price target by 30% to NZ$0.35/share. \"<a href=\"https://laohu8.com/S/ANZLY\">Air New Zealand</a>'s situation was already challenged before the Middle Eastern conflict began,\" analyst Andy Bowley says. \"Losses have been exacerbated by its exposure to the unhedged jet fuel crack spread, creating additional balance sheet pressure.\" <a href=\"https://laohu8.com/S/AIZ.AU\">Air New Zealand</a> was already above the top end of its target gearing range in 1H. Forsyth Barr notes <a href=\"https://laohu8.com/S/AIR.NZ\">Air New Zealand</a> is trading on a multiple of 0.86x trailing net tangible assets. \"Such a discount may appear attractive,\" it says. \"However, Air New Zealand has traded as low as 0.39x NTA historically.\" Air New Zealand is up 1.2% at NZ$0.44. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2026 20:03 ET (00:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Air New Zealand's Risk-Reward Skewed to the Downside -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAir New Zealand's Risk-Reward Skewed to the Downside -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-26 08:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0003 GMT - Rising fuel prices have skewed <a href=\"https://laohu8.com/S/ANZFF\">Air New Zealand</a>'s risk-reward to the downside, Forsyth Barr says. It retains an underperform call and cuts its price target by 30% to NZ$0.35/share. \"<a href=\"https://laohu8.com/S/ANZLY\">Air New Zealand</a>'s situation was already challenged before the Middle Eastern conflict began,\" analyst Andy Bowley says. \"Losses have been exacerbated by its exposure to the unhedged jet fuel crack spread, creating additional balance sheet pressure.\" <a href=\"https://laohu8.com/S/AIZ.AU\">Air New Zealand</a> was already above the top end of its target gearing range in 1H. Forsyth Barr notes <a href=\"https://laohu8.com/S/AIR.NZ\">Air New Zealand</a> is trading on a multiple of 0.86x trailing net tangible assets. \"Such a discount may appear attractive,\" it says. \"However, Air New Zealand has traded as low as 0.39x NTA historically.\" Air New Zealand is up 1.2% at NZ$0.44. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2026 20:03 ET (00:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NZ20C.NZ","symbol_name":"S&P/NZX 20","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622853478","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622853478","pubTimestamp":1774483380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0003 GMT - Rising fuel prices have skewed Air New Zealand's risk-reward to the downside, Forsyth Barr says. It retains an underperform call and cuts its price target by 30% to NZ$0.35/share. \"Air New Zealand's situation was already challenged before the Middle Eastern conflict began,\" analyst Andy Bowley says. \"Losses have been exacerbated by its exposure to the unhedged jet fuel crack spread, creating additional balance sheet pressure.\" Air New Zealand was already above the top end of its target gearing range in 1H. Forsyth Barr notes Air New Zealand is trading on a multiple of 0.86x trailing net tangible assets. \"Such a discount may appear attractive,\" it says. \"However, Air New Zealand has traded as low as 0.39x NTA historically.\" Air New Zealand is up 1.2% at NZ$0.44. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NZ20C.NZ":"S&P/NZX 20","BK8015":"航空公司","BK7030":"航空公司","NZ50G.NZ":"S&P/NZX 50","AIR.NZ":"Air New Zealand Limited (NS) Ordinary Shares","AIZ.AU":"AIR NEW ZEALAND LTD","T10G.NZ":"S&P/NZX 10"},"translate_title":"新西兰航空的风险回报偏向下行——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NZ20C.NZ":1.5,"T10G.NZ":1.5,"NZ50G.NZ":1.5,"AIR.NZ":0.9,"AIZ.AU":0.9},"content_text":"0003 GMT - Rising fuel prices have skewed Air New Zealand's risk-reward to the downside, Forsyth Barr says. It retains an underperform call and cuts its price target by 30% to NZ$0.35/share. \"Air New Zealand's situation was already challenged before the Middle Eastern conflict began,\" analyst Andy Bowley says. \"Losses have been exacerbated by its exposure to the unhedged jet fuel crack spread, creating additional balance sheet pressure.\" Air New Zealand was already above the top end of its target gearing range in 1H. Forsyth Barr notes Air New Zealand is trading on a multiple of 0.86x trailing net tangible assets. \"Such a discount may appear attractive,\" it says. \"However, Air New Zealand has traded as low as 0.39x NTA historically.\" Air New Zealand is up 1.2% at NZ$0.44. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 25, 2026 20:03 ET (00:03 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}