Morningstar picks Spark as omicron refuge

Morningstar picks Spark as omicron refuge
The equity research firm thinks the safe and stable telecommunications firm faces limited threat from its private-equity owned rivals. (Photo: supplied)
Dan Brunskill
Telecommunications firm Spark New Zealand could be the first port of call for investors looking for safe-haven assets should the omicron variant cause trouble, says Morningstar.Equity analyst Brian Han said Spark’s earnings resilience and dependable dividend could be in demand if another covid wave upsets the reopening of the economy.“Investor frenzy for high beta, covid-19 recovery plays are at risk of dissipating, in light of the ominous-sounding omicron variant,” he said in a note.US share markets fell in the final hour of...

More Markets

NZ sharemaket up 0.1% despite 'volatile' markets
Markets Market Close

NZ sharemaket up 0.1% despite 'volatile' markets

The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.