Grant Davies, investment adviser at Hamilton Hindin Greene and NBR’s Duncan Bridgeman talk to Sunday Business with Andrew Patterson.
Grant Davies discusses the motives of China Resources Ng Fung, a Chinese state-owned enterprise that has spent $56 million buying a 15.3% in Scales Corporation. Mr Davies also looks into Fonterra's upcoming result, due for release on Wednesday the 23rd of March, explaining that unit holders and farmer shareholders are more aligned than most people realise.
Turning to tourism, a shining light compared to the dairy sector’s troubles, Grant Davies touches on Sky City and the recent strong run for the company's share price. Mr Davies also points to the high yield of Sky TV as a reason for their recent run up in share price.