Mixed earnings season likely to slow further gains for high-valued NZ company shares

Wed, 30 Aug 2017

By Rebecca Howard Aug. 30 (BusinessDesk) - Analysts said the latest round of earnings reports for New Zealand's listed companies was fairly strong although the mixed outlook is capping a lot of the upside for share prices, in particular given how high valuations are already running. "Market multiples have been very extended and really required something of a flawless earnings season and that has not been the case in New Zealand or Australia," said Matt Goodson, managing director at Salt Funds Management. Port of Tauranga, for example...

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