Decent update. PBT is trailing off though, apparently due to the seasonality of expenses.
- $26m PBT for the quarter.
- 90 DPD up 0.9% QoQ, but dropping in April (noting it was influenced by a small number of loans)
- Maintain cost of risk at $60-70m FY24
- FY24 PBT guidance 107-112 downgraded to 100-105 due to one-off non-recurring items.
- YTD NIM of 2.98% (the item which was ambiguous and caused the mass sell off last year.
- On track to have deposits funding 60% of lending
Trading around P/E 21, so still priced for to grow to $15b - $20b loan book. Looks fully valued for now.
This new "Chief Strategy and Growth Officer" better keep Judo growing and the ROE back into the double digits.
Ann: Judo Update on Strategy and Financial Performance, page-2
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$1.26 |
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Mkt cap ! $1.397B | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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