NZ's Port of Tauranga 'well placed' for future growth, Morningstar says

Port of Tauranga

21/05/2026 20:07

** Morningstar says imports at New Zealand's Port of Tauranga POT.NZ increased 7.6% in March quarter, while exports rose 2.5%

** Says quarterly performance aligns with longer-term view that imports at the port will grow faster than exports, driven by population and consumption growth

** The port is well placed to benefit from growth because it has room to expand, unlike the space-constrained Port of Auckland - Morningstar

** Its productivity is recovering and approaching pre-pandemic performance; however, rising demand will progressively tighten capacity, requiring expansion - Morningstar

** Investment research firm maintains fair value estimate of NZ$6.5, but says stock is overvalued, with markets even more optimistic on port's long-term prospects

** Morningstar expects trade volume growth to moderate as the economic recovery matures

** Shares up 8% so far this year

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))