Judo Capital rises; Morningstar lowers profit view but says stock undervalued

Judo Capital Holdings

27/04/2026 04:03

** Shares of Australia's Judo Capital Holdings JDO.AX rise as much as 3% to A$1.443

** Morningstar says the stock is undervalued and maintains its A$1.60 fair value estimate

** Business performance is strong but provisions are up due to macroeconomic concerns

** Brokerage lowers fiscal 2026 profit forecast 4%, now at the low end of the guidance range factoring in the higher loan impairment expenses

** Says businesses are likely to be hit faster and more  materially than households by fuel shortages and cost pressures, seeing collective provisions increased 5.5% by co, excluding loan growth

** Down 16.8% YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))