Ground Looks Fertile for M&A in New Zealand -- Market Talk

Dow Jones

Oct 10

0147 GMT - The ground appears fertile for more M&A activity in New Zealand, says Forsyth Barr. Among the core reasons: a falling NZD, declining interest rates, early signs of a cyclical recovery and pockets of attractive company valuations. Analyst Matt Montgomerie says deal interest could be strong in undervalued cyclical stocks and cash-generative small caps. "With a focus on asset valuation support, SkyCity Entertainment and Oceania Healthcare in particular stand out," Forsyth Barr says. "There are clear reasons these trade at discounts to book, but the upside is large should these concerns subside." It says other key opportunities include Sky Network TV, Scott Technology and Warehouse. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 09, 2025 21:47 ET (01:47 GMT)

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Among the core reasons: a falling NZD, declining interest rates, early signs of a cyclical recovery and pockets of attractive company valuations. Analyst Matt Montgomerie says deal interest could be strong in undervalued cyclical stocks and cash-generative small caps. \"With a focus on asset valuation support, <a href=\"https://laohu8.com/S/SKC.AU\">SkyCity Entertainment</a> and <a href=\"https://laohu8.com/S/OCEHF\">Oceania Healthcare</a> in particular stand out,\" Forsyth Barr says. \"There are clear reasons these trade at discounts to book, but the upside is large should these concerns subside.\" It says other key opportunities include Sky Network TV, Scott Technology and Warehouse. (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  October 09, 2025 21:47 ET (01:47 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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>Ground Looks Fertile for M&A in New Zealand -- 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\">\nGround Looks Fertile for M&A in New Zealand -- 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\">2025-10-10 09:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0147 GMT - The ground appears fertile for more M&amp;A activity in <a href=\"https://laohu8.com/S/NZERF\">New Zealand</a>, says Forsyth Barr. Among the core reasons: a falling NZD, declining interest rates, early signs of a cyclical recovery and pockets of attractive company valuations. Analyst Matt Montgomerie says deal interest could be strong in undervalued cyclical stocks and cash-generative small caps. \"With a focus on asset valuation support, <a href=\"https://laohu8.com/S/SKC.AU\">SkyCity Entertainment</a> and <a href=\"https://laohu8.com/S/OCEHF\">Oceania Healthcare</a> in particular stand out,\" Forsyth Barr says. \"There are clear reasons these trade at discounts to book, but the upside is large should these concerns subside.\" It says other key opportunities include Sky Network TV, Scott Technology and Warehouse. (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  October 09, 2025 21:47 ET (01:47 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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":"2574114037","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2574114037","pubTimestamp":1760060820,"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":"0147 GMT - The ground appears fertile for more M&A activity in New Zealand, says Forsyth Barr. Among the core reasons: a falling NZD, declining interest rates, early signs of a cyclical recovery and pockets of attractive company valuations. Analyst Matt Montgomerie says deal interest could be strong in undervalued cyclical stocks and cash-generative small caps. \"With a focus on asset valuation support, SkyCity Entertainment and Oceania Healthcare in particular stand out,\" Forsyth Barr says. \"There are clear reasons these trade at discounts to book, but the upside is large should these concerns subside.\" It says other key opportunities include Sky Network TV, Scott Technology and Warehouse. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NZ20C.NZ":"S&P/NZX 20","SCT.NZ":"Scott Technology Limited Ordinary Shares","BK8013":"有线和卫星","BK8022":"综合货品商店","BK8070":"综合零售","SKC.NZ":"SkyCity Entertainment Group Limited (NS) Ordinary Shares","SKC.AU":"SkyCity Entertainment Group Ltd","SKT.NZ":"Sky Network Television Limited Ordinary Shares","BK8050":"保健护理机构","BK8036":"赌场与赌博","OCA.NZ":"Oceania Healthcare Limited Ordinary Shares","NZ50G.NZ":"S&P/NZX 50","BK8040":"工业机械","WHS.NZ":"The Warehouse Group Limited Ordinary Shares","T10G.NZ":"S&P/NZX 10","BK7078":"赌场与赌博"},"translate_title":"新西兰并购的沃土看起来很肥沃——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WHS.NZ":0.9,"OCA.NZ":0.9,"SKC.NZ":0.9,"NZ20C.NZ":1.5,"SCT.NZ":0.9,"NZ50G.NZ":1.5,"SKT.NZ":0.9,"T10G.NZ":1.5,"SKC.AU":0.9},"content_text":"0147 GMT - The ground appears fertile for more M&A activity in New Zealand, says Forsyth Barr. Among the core reasons: a falling NZD, declining interest rates, early signs of a cyclical recovery and pockets of attractive company valuations. Analyst Matt Montgomerie says deal interest could be strong in undervalued cyclical stocks and cash-generative small caps. \"With a focus on asset valuation support, SkyCity Entertainment and Oceania Healthcare in particular stand out,\" Forsyth Barr says. \"There are clear reasons these trade at discounts to book, but the upside is large should these concerns subside.\" It says other key opportunities include Sky Network TV, Scott Technology and Warehouse. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 09, 2025 21:47 ET (01:47 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}