Top 5 New Zealand Stocks To Purchase In 2022
The lush landscape of New Zealand has served as the backdrop for several Hollywood blockbusters, including Lord of the Rings and the All Blacks rugby team. However, you may be at a loss to know which are the best New Zealand firms to invest in. Our goal is to assist people see through the hype and find the best companies for your portfolio.
Also Read: What Cryptocurrencies Should You Trade In South Africa?
In 2021, New Zealand financial results were much behind the international average by nearly 20%, the largest disparity between the two since 1998. That’s an indication that investors aren’t very bullish on the marketplace today, and it might mean the sector is tougher than most folks give it credit for. In 2022, you may invest, buy, or sell the following 5 New Zealand stocks.
Also Read: Top 5 NFT Marketplaces In China For 2022
1. Fletcher Building Limited
With a market valuation of more than NZ$ 4 billion, Fletcher Building Limited is among New Zealand’s biggest publicly traded firms. Throughout New Zealand, Australia, North America, Asia, Europe, and the rest of the world, the company engages in a wide variety of industrial, commercial, residential, as well as infrastructure-building endeavors. The corporation has grown to become New Zealand’s biggest international conglomerate, with over 16,000 employees. A recent statement of a $300 million share repurchase and Fletcher Building’s return to profitability were well received by the stock market. The construction firm reversed a massive negative of $190 million the previous year to achieve a net profit of $164 million for the year that ended on June 30. A number of factors, including fluctuating demand and increased material prices, have made life difficult for the construction firm. In a press release, Fletcher Building stated that it will invest NZ$300 million in the purchase of shares. Within the next 12 months, the company expects to purchase 70 million shares via the NZX and ASX order matching marketplaces at the then-current market price.
2. Contact Energy
Having your own power business is a solid investment. Their revenue streams as well as dividend payments are highly consistent, as well as companies exhibit a high degree of defensiveness which is nearly immune to a crisis. We believe the industry has more pricing power than is generally acknowledged, that will also allow it to keep profitability stable despite inflationary pressures. Contact’s planned examination of its thermal assets, in addition to the Tauhara geothermal development, might be an exciting new direction for the company. Among the best five New Zealand companies to invest in for 2022.
3. Genesis Energy Limited
New Zealand’s Genesis Energy Limited (formerly known as Genesis Power Limited) is a diversified energy firm with a public stock market listing. Using the Genesis Energy as well as Energy Online retail labels, the company supplies households and companies in New Zealand with electricity, reticulated natural gas, and liquid propane gas (LPG). At half a million clients, it is New Zealand’s biggest energy supplier. The utility uses a mix of thermoelectric, hydroelectric, but also wind power to produce energy. Additionally, the Kupe Oil and natural gas Field is located 46 miles off the coast of Taranaki, New Zealand, and Genesis Energy has a 46% stake in the area. We divide our business into four distinct divisions: Customer Experience, Energy Management, Oil & Gas, as well as Corporate. The stock price of Genesis Energy has increased by 15% already this year, that is an impressive result. Over the last five years, profits per share at Genesis Energy have increased at a compound annual rate of 3.5%. The energy firm has reached a major milestone in the realization of its “Future-generation” concept by signing a 130MW off-take deal with Tilt Renewables for the Waverley Wind Farm.
4. EBOS Group
As a company that consistently meets or exceeds customer expectations, EBOS fits in well with others of its type on a list similar to this. It boasts a great history of profits development more than a prolonged period of time, but analysts believe the fundamental market narrative for pharmaceutical drugs is robust, underpinned by an older population. As the number of households with pets rises, more business will arise for the company’s animal care divisions like Masterpet. This means that EBOS Group is also one of the best five New Zealand shares to buy for 2022.
5. Pushpay Holdings Limited
In the United States, Canada, Australia, as well as New Zealand, nonprofits, religious institutions, and schools may use Pushpay’s suite of mobile engagement tools and solutions. These products attempt to create it simpler for people to give to nonprofits by streamlining customer involvement, payment processing, as well as overall management. The firm has a number of different entities, including eChurch Incorporated, eChurch Inc, Pushpay NZ Limited, and ZipZap Processing Inc, and several solutions, such as Event Registration, 3D Touch, eChurch Apps, and Pushpay Fastpay. Chrisa Heaslip and Eliot Crowther founded Pushpay Holdings Limited in 2011 with the intention of simplifying smartphone contributions. Users for an organization with operations in Auckland, New Zealand, are almost entirely American and Canadian (98% each), with just 2% residing in Australia and New Zealand. The forecast for Pushpay Holdings’ profitability over the next several years is quite optimistic, with increases of over 60% anticipated.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
