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

Rocket Lab is set to unveil their results for Q3, and it's prompted speculation from experts.

The company's seen some growth and shares have gone up, but concerns have still been raised.

Harbour Asset Management expert Shane Solly explained further.

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Episode Transcript

Speaker 1 (00:00):
Shane. Sally Harbor Asset Management is with us. Hey Shane,
Hell that right. Give us the latest from the markets today.

Speaker 2 (00:06):
Yep, pretty flat quiet day here in New Zealand. We
saw in New Zealand government bond year was up two basis
points to four point one one percent. Uh. The interesting
one today with New Zealand dollar. We're pretty stable against
the US dollar at fifty six to thirty five, but
actually fell against the Australian dollar to a twenty year
low of eighty six cents thirty So it's going to
make your holidays to Australia bit more expensive. Heather, there's

(00:26):
because IRBA number two, Andrew Houser, he said, look, we're
not going to cut rates in a hurry. Jw zeon
Shre market up zero point one three percent led by
a two meridian and for Till main freight the Spark
we've got main throat due to report Wednesday and in
for Till due to report Thursday, so there's a bit
going on.

Speaker 1 (00:44):
How are am z's results received.

Speaker 2 (00:46):
Yeah, Look, the anz to underlying cash unions result was
two point eighty six big in Australian pretty big number
flips for the second half of twenty twenty five, it
was actually slightly below expectations. Revenue a bit lighter. Costs
we're below expectations and the bank increased loan impayments. Provisions
are higher than expected, not because they've got a problem,

(01:07):
because they're actually putting a bit of a hollow log
in place. Locally, the New Zealand a Z business looked
pretty solid. Revenue up to six b and for the
half versus five and a half being for the previous year.
They've done one hundred and one hundred and forty being
a blending one hundred and sixteen B in deposits both
up four percent year on years, So the New Zealand
business and Good Health a ridge when the result first

(01:29):
came out here that the market was a bit meh
about it all, but the New ain Zi chief executivevisly
Nu no matters. He gave a really good rundown, talked
about better need address margins, better cost reduction. So sheer
price action unit up at its highest ever price thirty
seven to seventy five Australian that's up two point six percent,
So pretty good day for the AzID share price.

Speaker 1 (01:49):
And we've got Rocket Labs results out tonight. What are
you expecting there?

Speaker 2 (01:54):
Yeah, look in vers is watching this theft rocket Lab
can beat the top end of it its expectations because
we've seen a really launch cadence instead getting their launches
pretty regular. She had four over the quarter. Looking for
an improvement on profit margins this new Electron rocket in
terms of how that's going, and also there's space systems
back and programs back up running in full production mods

(02:16):
and markets expecting better profit margins very much. Market. We'll
be looking to see how the rocket Lab is positioned
to benefit from what is an accelerating global satellite launch program,
and how they're progressing with the new generational launch vehicles
and contract pipeline. Rocket Lab share price it's pulled back
from it's October high. We had a higher US sixty

(02:38):
nine to twenty seven. Closed on Friday at fifty one
sixty four, but of course that's still well up on
where it was a year ago, which was forteen dollars
sixty six.

Speaker 1 (02:47):
Hey, Shane, always good to talk to you mate, Thanks
so much. We'll talk to you again next week. Shane
Solly Harbor Asset Management. For more from Hither Dupless Yellen Drive,
listen live to news talks.

Speaker 2 (02:55):
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