We’re in the middle of confession season | Herald NOW Business

We’re in the middle of confession season | Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":1,"label":"Introduction to Business Segment","summary":"The video begins with a host introducing the business news segment. The guest, Rohan Koreman-Smit from Forsyth Barr, is then introduced."},{"timeSeconds":4,"label":"Overall Economic Tone","summary":"Koreman-Smit describes the current economic tone as reasonably positive and better than feared. He notes that there have been a couple of upgrades."},{"timeSeconds":35,"label":"Fletcher Building and Skellerup Performance","summary":"The discussion focuses on Fletcher Building and Skellerup, with Skellerup's performance being particularly strong. This is attributed to their US market exposure and a good dairy season."},{"timeSeconds":120,"label":"Analyst Downgrades and Caution","summary":"There have been some analyst downgrades, leading to a more cautious approach for some companies. However, Fletcher Building has seen a good rally on the back of upgrades."},{"timeSeconds":200,"label":"Fletcher Building's Strategy","summary":"Fletcher Building limited customers to 105% of prior year sales to manage price rises. They also made accounting adjustments by moving some assets to significant items."},{"timeSeconds":303,"label":"Commercial Property Market","summary":"The commercial property market is described as tight, especially in Auckland, with limited supply and rising rents. This is testing asset values."},{"timeSeconds":353,"label":"Downturn Town Tower Approvals","summary":"The Downtown Tower project has received fast-track approvals, which is seen as a positive sign for the construction sector, despite the long lead time for such projects."}]} <!--/mynz:youtube-chapters-->