Judo Capital Holdings' (ASX:JDO) 17% share decline on Thursday was a "back to earth move", as market expectations had been overly optimistic about the company's outlook, according to a Friday report by the Australian, citing Macquarie.
On Thursday, the company said net growth for the March quarter was subdued due to seasonality, as well as higher run-off due to the residual impacts of the portfolio management undertaken during the fiscal first half.
The company cautioned that growth is expected to be lower than guidance provided at the first half result, citing market uncertainty impacting customers, balancing growth and economics, and the slower initial ramp-up of warehouse lending.
Macquarie analysts noted that Judo's 15% profit before tax growth target could be at risk due to these mounting pressures.
The firm maintained Judo's neutral rating but cut its price target to AU$1.70.
(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.)
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。