Synlait's share price has been rocketing and has now breached $1. Why?

Synlait's Dunsandel plant makes product for shareholder a2 Milk. (Image: Synlait)

Tue, 18 Feb 2025

Synlait’s rocketing share price is hard to reconcile, an analyst says. Synlait shares have risen steadily in February, but that momentum has picked up steam. On Tuesday morning, Synlait shares breached the $1 mark after starting the year at around 40 cents.Synlait shares rose more than 16.3% in early New Zealand Exchange (NZX) trading to $1.05 on Tuesday, with more than $380,000 worth of shares traded. That rise has perplexed some market watchers, including shareholders, who told BusinessDesk they were concerned the market was n...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Infrastructure

Govt to dial-down Auckland density plans

City suburbs the likely target as Government decides to bring down 2 million home goal.

Thomas Manch 5:00am

Retail

Banks see 2025 inflation at c.3.0%

Core inflation at or moving back to 1-3% range.

Andy Macdonald 5:00am

Primary Sector

Abbott Laboratories: Who is the newcomer to Pōkeno?

Synlait Milk’s loss is a US company’s gain.

Riley Kennedy 5:00am

Abbott Laboratories: Who is the newcomer to Pōkeno?

Sponsored

Generative AI will disrupt 90% of jobs - what it means for the future of work

Here’s what that means for the future of work in New Zealand.

Cognizant

Sponsored

AI is only as good as its data foundation

NZ leaders explain why clean, connected data drives AI value.

Cognizant

More Primary Sector

Primary Sector

Abbott Laboratories: Who is the newcomer to Pōkeno?

Synlait Milk’s loss is a US company’s gain.

Riley Kennedy 5:00am

Primary Sector

Ample Meats made to file financial accounts for first time

It operates a single plant in Taranaki.

Riley Kennedy 15 Jan 2026

Primary Sector

Construction costs rise at fastest pace in more than a year

Construction costs in the final quarter of 2025 rose at the fastest pace in more than a year, according to new data.The Cordell Construction Cost Index (CCCI) shows residential building costs increased by 0.9% in the three months to December.This was the largest quarterly rise si...

Staff reporters 14 Jan 2026

Primary Sector

Miners prosper on the NZX

In late morning trading, Manuka Resources was up 25% to 15 cents.

Ian Llewellyn 07 Jan 2026

Synlait's share price has been rocketing and has now breached $1. Why?

More Primary Sector

Your company has a subscription

Team