GR_Special Report

NZ shares: Dividend yields continue to bolster market

Friday 4th of February 2000
Given what we have noted regarding the accelerating New Zealand economic recovery, the company earnings environment is clearly very positive. We anticipate non-forestry earnings growth of 14 per cent and 9 per cent this year and next respectively. These are the highest growth since 1995. In addition consensus earnings revisions have already turned to net upgrades after years of net downgrades. The...
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