NZX companies on the ASX: Here are 4 peculiar ASX stocks you probably didn’t know were NZX listed too

Did you know that over a third of New Zealand’s stock market is represented on the Australian Stock Exchange (ASX)? Many NZX-listed companies take advantage of dual-listing opportunities to increase their visibility and attract a broader range of investors. While some of these companies are household names, like Air New Zealand and Auckland Airport, others might surprise you.

Here, we dive into four lesser-known companies that are dual-listed on both the NZX and ASX, offering unique opportunities for investors to diversify their portfolios.

1. Ventia Services Group

Ventia Services stands out as one of the more robust IPOs from the post-COVID era, having successfully navigated market volatility. The company provides maintenance services to critical infrastructure across sectors such as:

Utilities (water and energy)

Telecommunications

Transport

Defence and Social Infrastructure

Ventia’s market potential is immense, with the infrastructure services sector expected to grow from $62 billion to $76.2 billion by FY25, at a CAGR of 5.5%. While the company is headquartered in Australia, its extensive operations in New Zealand justify its NZX listing.

Ventia’s shares debuted at $1.70 on the ASX and have since risen to $3, demonstrating strong investor confidence. However, its NZX listing often flies under the radar due to lower trading volumes.

2. Fisher & Paykel Healthcare

Fisher & Paykel Healthcare is a name synonymous with New Zealand innovation. Originally a part of Fisher & Paykel’s home appliance business, the healthcare division split off in the 1960s to focus on respiratory and sleep apnea solutions.

Today, Fisher & Paykel Healthcare is a global leader in its field, with 75% of its sales coming from North America and Europe. Despite its international success, the company remains rooted in New Zealand, maintaining testing and assembly facilities locally. Younger investors may associate it more with the ASX, where it has been listed since 2001, but its NZX roots run deep.

3. Australian Foundation Investment Company (AFIC)

Australian Foundation Investment Company (AFIC) is one of the largest Listed Investment Companies (LICs) in Oceania, with a portfolio valued at A$8.9 billion. Despite its prominence in the LIC space, many investors are unaware of its dual listing on the NZX.

AFIC focuses on a diversified portfolio of blue-chip stocks across various sectors, offering a steady dividend yield of 3.5%. However, its performance has been somewhat lackluster in recent years, underperforming the ASX 200 index due to limited exposure to resource stocks. For New Zealand investors seeking exposure to Australian equities, AFIC remains an interesting option.

4. Tourism Holdings Limited (THL)

Tourism Holdings Limited (THL) is a staple of New Zealand’s tourism industry. Established in 1986, the company began as a helicopter sightseeing business and has since expanded into campervan rentals and tourism services across Australasia.

Despite the global travel resurgence, THL has struggled to capitalize fully on the post-pandemic boom. Its ASX shares are down 46% this year, reflecting challenges in New Zealand’s delayed border reopening and logistical hurdles for international tourists. However, its dual listing continues to offer exposure to investors in both markets.

Why Dual Listings Matter

Dual listings allow companies to tap into larger investor pools, increase liquidity, and enhance brand visibility across multiple regions. For investors, dual listings provide opportunities to explore and invest in companies that might otherwise remain off their radar.

Conclusion

While Air New Zealand and Auckland Airport dominate the spotlight, companies like Ventia Services, Fisher & Paykel Healthcare, AFIC, and Tourism Holdings offer intriguing prospects for savvy investors. These dual-listed companies highlight the interconnected nature of the NZX and ASX, providing valuable opportunities to diversify portfolios across both markets.