Harbour Navigator: The ‘Longroad’ to solar success
It's scorching hot in Phoenix, Arizona, where temperatures have reached record highs. This extreme weather is making it a perfect place for renewable solar energy developments like Infratil’s investment - Longroad Energy.
The new Inflation Reduction Act (IRA) includes many beneficial features to support clean energy developments (such as Longroad Energy) including tax credits, incentives for American-made components, and su...
Harbour Navigator: Made in America
Technology is in place for the roll out of driverless cars and trials are underway. Head of Equities, Craig Stent got to test out the new Jaguar I-PACE first-hand in Phoenix.
There are various hurdles to overcome before we see more widespread adoption. Societal acceptance and regulatory restrictions may inhibit the uptake.
‘Made in America’ is back, with evidence of onshoring manufacturing occurring, however it is likely ...
Harbour Navigator: Is a2 Milk the canary in the coal mine pointing to a Chinese structural slowdown?
Our recent visit to China has changed our view of the structural impediments facing our largest trading partner.
Demographic changes are impacting consumers’ medium-to-long-term outlook of the economy and they are adjusting their spending as a result.
The a2 Milk Company gave us a flavour last month of the impact from deteriorating demographics on the youngest age cohort.
After a multi-year COVID hiatus, we finally...
Harbour Outlook: Is a soft landing really possible?
It was a strong month for global markets. The MSCI All Country World Index (ACWI) returned 3.5% in New Zealand dollar terms, and 5.4% in New Zealand dollar-hedged terms. Returns were strong across all sectors, with consumer discretionary standing out at 9.9%. There was a general shift towards cyclical sectors with industrials and materials rounding out the top 3.
Australasian markets also rallied, with the S&P/NZX ...
Investment Horizon: On the ground in China – the key shifts needed to counter strong bearish sentiment
Senior Research Analyst Øyvinn Rimer presents his noteworthy insights and discoveries from a recent visit to China, where he visited more than 30 companies spanning diverse industries. Despite prevailing pessimism, certain winners emerged, and indications suggest an imminent shift towards a favourable upturn.
China property, prospective policy and iron ore – how low can it go?
After a long four years, we were finally back on ...
Harbour Navigator: Global trends in taxonomies and what it means for New Zealand
Increasingly, countries around the world are developing sustainable finance taxonomies to classify environmentally friendly economic activities and prevent false claims of sustainability (“greenwashing”).
Europe has taken the lead in establishing a green taxonomy, and other countries like Australia are also making progress in this area.
New Zealand is beginning to explore the possibility of implementing its own sustainable...
Harbour Navigator: Fortress Australia
The banking system in Australia has multiple points of difference compared to the US, all pointing to a greater capacity to weather financial and economic stress. What we heard in our visit to Australia this week was exceptionalism and resilience in the banking system.
“A show of force” is how the Australian Financial Review subsequently described their Summit. In previous years you might have heard the regulators bemoan the ...
Perspectives on China: Don't Expect a Sugar Rush
The longer-term narrative remains intact: urbanisation and the rise of the middle-class consumer
Consumption habits continue to move online but are fractionalising, moving at a fast pace to social network platforms
Longer-term growth risks remain around demographics and high public debt
Technology and infrastructure spending continue to frame growth opportunities
Getting on with urbanisation in the new global orderIn two we...