Australia's Judo Capital extends declines on weak outlook

Judo Capital Holdings

02/05/2025 03:05

** Shares of Judo Capital JDO.AX fall as much as 5.6% to A$1.398, their lowest level since August 20, 2024

** Stock fell 16.9% in last session after co posted subdued growth for Q3

** Co expects gross loans and advances as at June 30 to be between A$12.4 bln ($7.94 bln) to A$12.6 bln, below previous estimates of A$12.7 bln to A$13 bln

** Citi says initial FY26 PBT guidance of 50% growth a ~6% miss vs consensus

** Brokerage expects market to prescribe significant discount to outlook given macro environment uncertainty relating to demand for credit, funding costs and credit risk

** Average rating of nine analysts is "buy"; their median PT is A$2.15 – according to data compiled by LSEG

** Stock down 21.6% YTD so far

($1 = 1.5608 Australian dollars)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))