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    AIR   NZAIRE0001S2

AIR NEW ZEALAND LIMITED

(AIR)
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New Zealand shares end lower weighed by travel, utility stocks; Australia closed

01/26/2021 | 12:01am EDT

Jan 26 (Reuters) - Industrial and tourism-related stocks pressured New Zealand shares on Tuesday, amid muted trading, as Australian equity markets were shut for a holiday.

New Zealand's benchmark S&P/NZX 50 index fell 0.6% to end at 13,323.46 points, with trading volumes at over two-third of the 30-day average.

New Zealand confirmed on Monday that a 56-year old woman had contracted COVID-19, marking its first coronavirus case in several months, leading neighbouring Australia to suspend a travel bubble with the country for 72 hours.

Auckland International Airport Ltd lost 2.8%, Air New Zealand fell 1.2%, while motorhomes rental company Tourism Holdings lost 1.6%.

"Aviation stocks would be affected if borders have to stay closed for longer, especially with Australia stopping any New Zealand flights into their country. So there is a little bit of nervousness in that sector," said Grant Williamson, investment adviser at Hamilton Hindin Greene.

Power retailers Contact Energy, Meridian Energy and Mercury NZ, among the top percentage losers, were down between 3.7% and 2.3%.

The ASX200 index did not trade on account of the Australia Day holiday.

(Reporting by Harish Sridharan in Bengaluru; Editing by Amy Caren Daniel)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIR NEW ZEALAND LIMITED -0.30% 1.66 End-of-day quote.-7.78%
AUCKLAND INTERNATIONAL AIRPORT LIMITED 2.74% 8.07 End-of-day quote.6.46%
CONTACT ENERGY LIMITED -0.98% 8.11 End-of-day quote.-8.98%
MERCURY NZ LIMITED -0.33% 6.1 End-of-day quote.-6.58%
MERIDIAN ENERGY LIMITED -0.40% 5.02 End-of-day quote.-32.35%
S&P/ASX 200 0.00% 7415.5 Real-time Quote.12.58%
TOURISM HOLDINGS LIMITED -3.35% 2.6 End-of-day quote.0.00%
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Analyst Recommendations on AIR NEW ZEALAND LIMITED
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Financials
Sales 2022 2 831 M 2 025 M 2 025 M
Net income 2022 -435 M -311 M -311 M
Net Debt 2022 2 187 M 1 564 M 1 564 M
P/E ratio 2022 -6,48x
Yield 2022 -
Capitalization 1 864 M 1 331 M 1 333 M
EV / Sales 2022 1,43x
EV / Sales 2023 0,80x
Nbr of Employees 7 840
Free-Float 46,7%
Chart AIR NEW ZEALAND LIMITED
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Technical analysis trends AIR NEW ZEALAND LIMITED
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Income Statement Evolution
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Mean consensus SELL
Number of Analysts 5
Last Close Price 1,66 NZD
Average target price 1,17 NZD
Spread / Average Target -29,5%
EPS Revisions
Managers and Directors
Gregory S. Foran Chief Executive Officer
Richard Thomson Chief Financial Officer
Therese Maria Walsh Chairman
Janice Amelia Dawson Deputy Chairman
Robert Jan Jager Independent Non-Executive Director
Sector and Competitors