NZSE:POTInfrastructure
Port of Tauranga (NZSE:POT) Could Be 32% Above Fair Value Following Expansion Approval
Port of Tauranga (NZSE:POT) has just cleared a key regulatory hurdle, with its Stella Passage expansion approved under New Zealand’s Fast-track Approvals Act 2024, subject to conditions and potential appeals.
Recent trading has been softer, with the share price down 3.6% over the past week and 3.2% over the past month to NZ$7.95. However, Port of Tauranga’s long-run total shareholder return of 49.3% over three years suggests underlying investor confidence remains in place.
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