Exporter earnings ripe for upgrades after kiwi dollar slump

Sun, 19 Jul 2015

By Pattrick Smellie July 20 (BusinessDesk) - Sharemarket analysts are expecting a slew of profit upgrades and new commentary from stock exchange-listed exporters in the upcoming earnings season following the recent slump in the value of the New Zealand dollar, says Andrew Bascand, the managing director of Wellington-based funds manager Harbour Asset Management. Among likely beneficiaries are businesses such as Fisher & Paykel Healthcare, Nuplex Industries, Xero and Diligent. "The kiwi dollar is 15 percent lower than its average year to...

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