-- 周五，新西兰股市收低，投资者仍担忧以色列袭击黎巴嫩后伊朗与美国停火协议的持久性。 S&P/NZX 50 指数下跌 0.7%，或 92.37 点，收于 13,181.44 点。 路透社援引伯恩斯坦新加坡亚洲量化策略师鲁帕尔·阿加瓦尔 (Rupal Agarwal) 的话说：“美伊停火曾推动亚洲市场强劲反弹，但昨日风险偏好情绪经受了考验。” 阿加瓦尔补充道：“我们认为这可能是停火协议结束的开始，也为投资者提供了一个机会，让他们可以关注战前趋势和基本面。我们建议重新买入一些此前被低估的股票。” 国内方面，根据巴福特汤普森 (Barfoot & Thompson) 的数据，3 月份奥克兰五居室以上房屋的平均周租金约为 1,030 新西兰元，同比下降 0.2%。 澳新银行研究部表示，新西兰的燃油价格受全球和国内多种因素共同影响，包括以美元计价的原油价格、炼油利润、国际运费、保险成本、新西兰元汇率，以及全国燃油分销成本和其他批发商和零售商的成本及利润。 新西兰商业协会表示，新西兰制造业在3月份继续扩张，但随着市场情绪减弱，增长势头有所放缓。越来越多的企业将包括伊朗战争在内的全球不确定性视为日益增长的不利因素。 企业新闻方面，Kiwii Property Group（NZE:KPG）任命Sarah Theodore为首席财务官，该任命将于7月底生效。 PaySauce（NZE:PYS）第四财季的年度经常性收入（ARR）同比增长6%，达到890万新西兰元。
Related Articles
Research
Research Alert: CFRA Keeps Buy Opinion On Shares Of The Hartford Insurance Group, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $8 to $155, valuing HIG shares at 11.3x our 2026 operating EPS estimate of $13.75 (cut by $0.45) and at 10.6x our 2027 EPS estimate of $14.65 (cut by $0.30), vs. the shares' one-year average forward multiple of 10.3x and peer average of 13x. Q1 EPS of $3.09 vs. $2.20 a year ago missed our $3.60 estimate and $3.39 consensus view. Operating revenue growth of 6.2% was in line with our 6%-10% forecast, amid 5.3% earned premium growth, 13% higher net investment income, and 7.9% fee revenue growth. Q1 written premium growth of 4% and full-year 2025 growth of 7% bode well for 2026 revenue trends as premiums are earned. Underwriting results improved significantly, with Personal Lines combined ratio improving to 87.7% from 106.1% and underlying combined ratio to 85.0% from 89.7%. Business Insurance combined ratio was stable at 94.8%. Weighing the Q1 EPS miss with HIG's decent top-line growth and discounted valuation to peers, we view the shares as undervalued.
$HIG
Research
Research Alert: CFRA Keeps Strong Buy Opinion On Shares Of Baker Hughes
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $14 to $82, reflecting a combination of our sum-of-the-parts (SOTP) and DCF models. For our SOTP model, we presume the oilfield services business (about 50% of BKR's franchise) to be valued at about 10x projected 2027 EBITDA (in line with major peers) and its industrial energy technology business (the other 50%) valued at 14x projected 2027 EBITDA (in line with the peer median). This blended approach, yielding a 12x multiple, implies a value of $73 per share. Meanwhile, our DCF model, using medium-term free cash flow growth of 5% per year, terminal growth of 2.5%, discounted at a WACC of 6.3%, yields intrinsic value of $91 per share. We cut our 2026 EPS estimate by $0.47 to $2.48, but we raise 2027's by $0.07 to $3.24. We acknowledge that the oilfield services business is likely to struggle in 2026 owing to the U.S.-Iran conflict, but the IET business appears quite robust and likely to be a source of both accelerating revenue growth and margins.
$BKR
Research
Research Alert: CFRA Maintains Hold Opinion In Shares Of Wab
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target to $285 from $275 following WAB's Q1 earnings print, valuing shares at 24.2x our 2027 EPS outlook of $11.76 (revised from $11.46; 2026 EPS estimate up to $10.57 from $10.50), a slight premium to WAB's long-term historical multiple average given structural improvements in earnings quality. While we are cautious on signs of overcapacity in the freight market, an elevated order backlog (12-month sits at over $9 billion), internal initiatives to shore up margins, and potential synergies from M&A activity positions WAB to continue growing earnings at double-digit rates in 2026-2027, in our view. Despite tariff-related cost pressures, WAB has done a commendable job of defending margins via a mix of pricing, lean manufacturing, and pruning of lower-profit operations. Q1 results were mixed but overall positive, in our view. We maintain our Hold recommendation on shares.
$WAB