Latest / Best of Business / Shane Solly: Harbour Asset Management expert on what we can expect from Rocket Lab's results

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Shane Solly: Harbour Asset Management expert on what we can expect from Rocket Lab's results · Best of Business

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  Speaker 1: You're listening to a podcast from news Talk zed be
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  Speaker 2: Shane Sally Harbor Asset Management is with us. Hey, Shane, Hello, right,
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  Speaker 2: give us the latest from the markets today.
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  Speaker 3: Yep, pretty flat, quiet day here in New Zealand. We
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  Speaker 3: saw in New Zealand government bond year was up two
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  Speaker 3: basis points to four point one percent.
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  Speaker 1: Uh.
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  Speaker 3: The interesting one today with New Zealand dollar. We're pretty
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  Speaker 3: stable against the US dollar at fifty six to thirty five,
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  Speaker 3: but actually fell against the Australian dollar to a twenty
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  Speaker 3: year low of eighty six cents thirty. So it's going
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  Speaker 3: to make your holidays to Australia a bit more expensive. Heather,
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  Speaker 3: there's because IBA number two Andrew Houser, he said, look,
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  Speaker 3: we're not going to cut rates in a hurry. New
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  Speaker 3: Zealand Shire market up zero point one three percent, lad
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  Speaker 3: by a two meridian and for Till main freight the
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  Speaker 3: Spark we've got Maine Throat due to report Wednesday and
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  Speaker 3: for Till due to report Thursday. So there's a bit
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  Speaker 3: going on.
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  Speaker 2: How aan z's results received.
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  Speaker 3: Yeah, Look the az TO underlying cash Unions result was
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  Speaker 3: two point eighty six bigin pretty big number. That's for
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  Speaker 3: the second half of twenty twenty five. It was actually
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  Speaker 3: slightly below expectations. Revenue a bit lighter, costs were below
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  Speaker 3: expectations and the bank increased loan impayments. Provisions are higher
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  Speaker 3: than expected, not because they've got a problem, because they're
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  Speaker 3: actually putting a bit of a hollow log in place. Locally,
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  Speaker 3: the New Zealand am Z business looked pretty solid. Revenue
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  Speaker 3: up to six B and for the half versus five
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  Speaker 3: and a half being for the previous year there than
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  Speaker 3: one hundred and one hundred and forty being a blending
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  Speaker 3: one hundred and sixteen B deposits both up four percent
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  Speaker 3: year on years. So the New Zealand business and Good
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  Speaker 3: Health Ridge when the result first came out here that
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  Speaker 3: the market was a bit meh about it all. But
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  Speaker 3: the New AMZI chief executiveviusly Nu nomatteris he gave a
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  Speaker 3: really good rundown, talked about better need ad dress margins,
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  Speaker 3: better cost reduction. So sheer price actually united up at
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  Speaker 3: its highest ever price thirty seven to seventy five Australian.
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  Speaker 3: That's up two point six percent, so pretty good day.
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  Speaker 3: For the AzID share price.
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  Speaker 2: And we've got Rocket Labs results out tonight. What are
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  Speaker 2: you expecting there?
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  Speaker 3: Yeah, look, this is watching this. The rocket Lab can
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  Speaker 3: beat the top end of it its expectations because we've
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  Speaker 3: seen a really steady launch cadence instead of getting their
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  Speaker 3: launches pretty regular. Thau she had four over the quarter.
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  Speaker 3: Looking for an improvement on profit margins this new Electron
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  Speaker 3: rocket in terms of how that's going, and also their
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  Speaker 3: space systems back and programs back up running in full
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  Speaker 3: production modes, and markets expecting better profit margins very much.
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  Speaker 3: Market will be looking to see how the rocket Lab
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  Speaker 3: is positioned to benefit from what is an accelerating global
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  Speaker 3: satellite launch program, and how they're progressing with the new
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  Speaker 3: generational launch vehicles and contract pipeline. Rocket Lab shep price.
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  Speaker 3: It's pulled back from its October high. We had a
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  Speaker 3: higher US sixty nine to twenty seven. Closed on Friday
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  Speaker 3: at fifty one sixty four, but of course that's still
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  Speaker 3: well up on where it was a year ago, which
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  Speaker 3: was forteen dollars sixty six.
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  Speaker 2: Hey, Shane, always good to talk to you mate, Thanks
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  Speaker 2: so much. We'll talk to you again next week. Shane
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  Speaker 2: Solly Harbor Asset Management.
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