Market Chatter: Credit Corp Group's Reduction in US Purchasing Guidance a Key Negative, Says Morgans

MT Newswires Live
02/03

Credit Corp Group's (ASX:CCP) reduction in US purchasing guidance was a key negative in its fiscal first half results, as it lowered the guidance from between AU$200 million and AU$230 million to between AU$160 and AU$180 million despite the US division posting an AU$11.7 million profit, according to a Tuesday Australian Financial Review report, citing Morgans Analyst Steven Sassine.

The company reported Tuesday fiscal first-half earnings of AU$0.641 per share, unchanged from the same period a year earlier.

According to Sassine, investment in ANZ debt ledger is expected to rise between AU$120 million and AU$150 million, offsetting softer investment from the US, which is expected to support fiscal 2026 profit guidance of AU$100 million to AU$110 million, with a second-half increase of around AU$61 million.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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