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

Thu, 02 Dec 2021

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...

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