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ASX:JDO

12 stories mentioning ASX:JDOUpdated 6m ago

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Asia

Judo Capital Fiscal 2027 Outlook to Take Center Stage at Earnings, Jefferies Says

Judo Capital Holdings (ASX:JDO) is expected to post solid set of annual results, although the market will be looking out for fiscal 2027 updates, which is marked with concerns over asset quality, worsening deposit conditions, and the sustainability of recent cost savings, Jefferies said in a note on Tuesday.The Australian bank, which provides finance and credit to small and medium enterprises, is due to report its fiscal 2026 results on Aug. 18. Jefferies forecasts pre-tax profit of AU$163 million, at the lower end of management's guidance range of AU$163 million to AU$169 million.The brokerage said outlook for fiscal 2027 margins will be a key focus, as deposit costs are likely to increase while slower housing market growth could intensify competition for business lending.Jefferies forecasts a CET1 capital ratio of over 12%, down 70 basis points from last year. With management having ruled out raising new capital, investors are expected to focus on how the company plans to fund future growth internally, improve its returns on equity, and when capital generation could support dividend payments.Jefferies maintained a buy rating and raised price target to AU$1.69 from AU$1.64.

ASX:JDO
Asia

Judo Capital Holdings Says AMP Becomes Substantial Holder

Judo Capital Holdings (ASX:JDO) received notice that AMP (ASX:AMP) and its affiliates became a substantial holder of the company on June 25, according to an Australian bourse filing on Monday after market hours.AMP now owns 57.3 million shares in the company, representing 5.11% of the issued shares, the filing said.

ASX:AMPASX:JDO
Research

UBS Downgrades Judo Capital Holdings to Neutral from Buy; Price Target is AU$1.05

Judo Capital Holdings (ASX:JDO) has an average rating of buy and mean price target of AU$1.56, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ASX:JDO
Asia

Judo's Amended Guidance Still Implies Around 30% Profit Growth Rate Over Two Years to Fiscal 2027, Jefferies Says

Judo Capital Holdings' (ASX:JDO) amended guidance still implies it will deliver around 30% pre-provision operating profit (PPOP) compound annual growth rate over the two years to fiscal 2027, at a three times PPOP multiple and a 40% discount to net tangible assets, Jefferies said in a Thursday note.Judo said it now expects a fiscal 2026 profit before tax of AU$163 million to AU$169 million. The cut comes as Judo now expects its fiscal year cost of risk to be in the range of AU$116 million to AU$122 million, reflecting an increase in certain provisions.However, questions remain around Judo's asset quality and risk settings.Its stronger second half net interest margin appears largely due to more favorable funding conditions. Blended deposit costs were 62 basis points in April and May, and while new term deposit spreads were higher at 76 basis points, they remain below the through-the-cycle range of 80 basis points to 90 basis points.Its front book and blended lending margins were stable at 4.2% in April and May, while its AAA lending pipeline was slightly higher at 4.3%.The investment firm retained its buy rating but cut the price target to AU$1.64 from AU$2.32.Judo Capital's shares were down 2% in recent Friday trade.

ASX:JDO
Asia

Australian Shares Retreat; Judo Capital Holdings Cuts Fiscal 2026 Profit Before Tax Guidance

Australian shares declined on Thursday after investors reacted to a continued fall in oil prices as supply concerns eased.The S&P/ASX 200 Index fell 0.68%, or 59.70 points, to close at 8,748.70.Oil prices are reaching pre-war levels as tankers transit through the Strait of Hormuz. Brent crude oil futures fell to around $72 per barrel. Meanwhile, gold fell below $4,000 for the first time since November 2025.On the domestic front, Australia's seasonally adjusted unemployment rate fell to 4.4% in May from 4.5% in April, data from the Australian Bureau of Statistics (ABS) showed.Australia's total household wealth rose 1.2% to AU$19.212 trillion in the March quarter due to growth in land and dwelling values, according to figures released by ABS.Australian total household spending in May was AU$80.64 billion on a current price, seasonally adjusted basis, rising 5.5% year-over-year and 1.3% month-on-month, according to data from the ABS.Seasonally adjusted job vacancies in Australia fell 2.1% to 329,500 in the three months to May, ABS said.In company news, Judo Capital Holdings (ASX:JDO) said it now expects a fiscal 2026 profit before tax of AU$163 million to AU$169 million. The cut comes as Judo now expects its fiscal year cost of risk to be in the range of AU$116 million to AU$122 million, reflecting an increase in certain provisions driven mainly by three exposures across different sectors that recently emerged due to "customer-specific developments." Its shares dropped nearly 38% on close, earlier reaching their lowest point in over two years.Worley (ASX:WOR) increased its expected fiscal 2026 underlying earnings before interest, taxes, and amortization (EBITA) impact to up to AU$60 million, up from a prior estimate of AU$30 million to AU$40 million, due to ongoing Middle East project delays.Lastly, Pro Medicus (ASX:PME) will provide an investment of up to AU$20 million to Echo IQ (ASX:EIQ) and become a reseller of the EchoSolv product suite across the US under a proposed commercial partnership.

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Asia

Judo Capital Holdings Cuts Fiscal 2026 Profit Before Tax Guidance; Shares Plunge 35%

Judo Capital Holdings (ASX:JDO) said it now expects a fiscal 2026 profit before tax of AU$163 million to AU$169 million, according to a Thursday filing with the Australian bourse.The company previously guided for a fiscal year 2026 profit before tax of AU$180 million to AU$190 million.The cut comes as Judo now expects its fiscal year cost of risk to be in the range of AU$116 million to AU$122 million, reflecting an increase in certain provisions driven mainly by three exposures across different sectors that recently emerged due to "customer-specific developments."The company anticipates its 90-day nonperforming and impaired loans to represent about 3% of gross loans as of June 30, while its net interest margin is now expected to exceed 3.2% for the fiscal second half, above previous guidance of around 3.15%.Additionally, Judo Capital issued fiscal year 2027 guidance for profit before tax of between AU$210 million and AU$220 million.The company's shares plunged 35% in recent Thursday trade.

ASX:JDO
Asia

Macquarie Group Continues to Outperform Banking Majors with Superior, Fully Digitized Platform, Jarden Says

Macquarie Group (ASX:MQG) continues to outperform banking majors with a simple and fully digitized platform, according to Jarden in a Thursday note.At this pace, Macquarie may surpass around 10% market share on both sides of the balance sheet in the near term. Commonwealth Bank of Australia's (ASX:CBA) net interest margin edge, free deposits look tenuous with IT and competition from Macquarie, ANZ Group Holdings (ASX:ANZ, NZE: ANZ), National Australia Bank (ASX:NAB), and potentially, stablecoins. Strong volumes are offset by competition.Jarden considered the fiscal year 2026 Australian budget as changing incentives, increasing complexity, and exacerbating the skew to financialization over increasing physical industrial capacity.High valuations reflect market index concentration and disappointment in other sectors, but expose major banks to abrupt and extreme mean reversion if the status quo changes.The investment firm assigned ANZ Group an overweight rating and price target of AU$35.50 per share. It also has sell ratings on Commonwealth Bank, National Australia Bank, and Westpac Banking (ASX:WBC, NZE:WBC) with price targets of AU$90 per share, AU$29 per share, and AU$31 per share, respectively.It also assigned Macquarie a buy rating with a price target of AU$250 per share, Bendigo and Adelaide Bank (ASX:BEN) a neutral rating with a AU$11 per share price target, Bank of Queensland (ASX:BOQ) a sell rating with a price target of AU$5.50 per share, and Judo Capital Holdings (ASX:JDO) a buy rating with a price target of AU$2.50 per share.

ASX:ANZASX:BENASX:BOQASX:CBAASX:JDOASX:MQGASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Electro Optic Systems (ASX:EOS): +15%, AU$11Elsight (ASX:ELS): +13%, AU$7.184DMedical (ASX:4DX): +12%, AU$3.74Judocapitol FP (ASX:JDO): +11%, AU$1.54Flight Centre Travel Group (ASX:FLT): +8%, AU$10.96West African Resources (ASX:WAF): +8%, AU$3.19Lindian Resources (ASX:LIN): +8%, AU$0.83Ora Banda Mining (ASX:OBM): +7%, AU$1.36Vulcan Energy Resources (ASX:VUL): +7%, AU$3.89Westgold Resources (ASX:WGX): +6%, AU$5.18

ASX 200ASX:4DXASX:ELSASX:EOSASX:FLTASX:JDOASX:LINASX:OBMASX:VULASX:WAFASX:WGX
Asia

Update: Judo Capital Prices AU$750 Million Capital-Relief Securitization Transaction; Shares Up 9%

(Updates to add stock movement in the headline and last paragraph)Judo Capital Holdings (ASX:JDO) priced a AU$750 million capital-relief securitization transaction that will boost the company's common equity Tier 1 ratio, according to a Friday filing with the Australian bourse.The transaction, backed by small and medium-sized enterprise business loans, received strong investor support, allowing the company to upsize it from an initial amount of AU$500 million.As a result of the transaction, Judo Capital said its pro forma CET1 ratio at March 31 was 13.2%, compared with a reported ratio of 12.6%.After the transaction, which is expected to settle on June 4, Judo will generate a "significant" net interest margin on the underlying business loans without needing to hold capital for those assets, it said. Assuming a normalized level of capital, the transaction is expected to deliver a pro-forma benefit of 25 to 30 basis points to the fiscal year 2027 return on equity.The company's shares rose around 9% in recent Friday trade.

ASX:JDO
Asia

Judo Capital Prices AU$750 Million Capital-Relief Securitization Transaction

Judo Capital Holdings (ASX:JDO) priced a AU$750 million capital-relief securitization transaction that will boost the company's common equity Tier 1 ratio, according to a Friday filing with the Australian bourse.The transaction, backed by small and medium-sized enterprise business loans, received strong investor support, allowing the company to upsize it from an initial amount of AU$500 million.As a result of the transaction, Judo Capital said its pro forma CET1 ratio at March 31 was 13.2%, compared with a reported ratio of 12.6%.After the transaction, which is expected to settle on June 4, Judo will generate a "significant" net interest margin on the underlying business loans without needing to hold capital for those assets, it said. Assuming a normalized level of capital, the transaction is expected to deliver a pro-forma benefit of 25 to 30 basis points to the fiscal year 2027 return on equity.

ASX:JDO
Asia

APRA to Introduce Three-Tiered Approach to Proportionality in Prudential Framework for Banking

The Australian Prudential Regulation Authority (APRA) wrote to banks and confirmed plans to formally introduce a three-tiered approach to proportionality in its prudential framework for banking, according to a Wednesday statement.Effective July 1, APRA said it will introduce a third tier of "Most Significant Financial Institutions" for banks with total assets of over AU$300 billion, raise the asset value threshold for banks to qualify as a "Significant Financial Institution" (SFI) to AU$30 billion from AU$20 billion, and automatically provide a 12-month transition period when a regulated institution moves to a higher tier.The regulator said the planned move was in response to the Council of Financial Regulators' review into small and medium-sized banks, undertaken in consultation with the Australian Competition and Consumer Commission.APRA also committed to providing non-SFIs with additional time to comply with new and revised prudential requirements when appropriate.Judo Capital Holdings' shares shed about 1% in recent Wednesday trade.

ASX:BENASX:JDOASX:MQGASX:MYS
Asia

Judo Capital Holdings Expects Fiscal Year 2026 Profit at Lower End of Guidance

Judo Capital Holdings (ASX:JDO) said third-quarter lending growth, net interest margins, and operating expenses remain on track, reaffirming fiscal year 2026 profit before tax guidance of AU$180 million to AU$190 million, albeit toward the lower end, inclusive of a top-up to its collective provision in response to current economic conditions, according to a Thursday Australian bourse filing.The bank's third-quarter net interest margin (NIM) rose to about 3.15% from 3.03% in the first half of the fiscal year, in line with existing second-half NIM guidance, with gross loans and advances (GLA) growing to AU$13.8 billion on March 31 from AU$13.4 billion on December 2025, the filing added.Attrition improved to 15% annualized in the third quarter, down from 33% in the second quarter, driven by lower levels of external refinances and discretionary paydowns, while total deposits increased to AU$11.5 billion at March 31, the filing added.Common equity tier one (CET1) capital remained at 12.6% at March 31, unchanged from December 2025, with 90-day-past-due and impaired loans at 2.65% of GLA, a slight improvement from 2.66% in December 2025, the filing added.Full fiscal year guidance includes NIM at the upper end of 3% to 3.1%, a cost-to-income ratio below 50%, and GLA of AU$14.4 billion to AU$14.7 billion, with new term deposit pricing expected to normalize to within 80 to 90 basis points over one-month bank bill swap rate (BBSW) by the end of the fiscal year, it added.

ASX:JDO

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