Resimac Bull Sees Scope for Profitable Growth -- Market Talk

Dow Jones

Jun 24

0100 GMT - Australian credit provider Resimac keeps its bull at Bell Potter despite the potential overhang of regulatory legal proceedings. Analyst Marcus Barnard acknowledges proceedings related to the lender's treatment of customers in hardship, but says that management is working to resolve the issue. He tells clients in a note that Resimac's new CEO is aiming to grow its mortgage and auto book, and that the former is continuing to perform well. Barnard reckons that Resimac can grow profitably thanks to a small but strong position in the mortgage market, and its developing position in novated leases. Bell Potter cuts its target price 9.1% to A$1.00 and maintains a buy rating. Shares are down 1.8% at A$0.82. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 23, 2025 21:00 ET (01:00 GMT)

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Analyst Marcus Barnard acknowledges proceedings related to the lender's treatment of customers in hardship, but says that management is working to resolve the issue. He tells clients in a note that Resimac's new CEO is aiming to grow its mortgage and auto book, and that the former is continuing to perform well. Barnard reckons that Resimac can grow profitably thanks to a small but strong position in the mortgage market, and its developing position in novated leases. Bell Potter cuts its target price 9.1% to A$1.00 and maintains a buy rating. Shares are down 1.8% at A$0.82. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 23, 2025 21:00 ET (01:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Resimac Bull Sees Scope for Profitable Growth -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nResimac Bull Sees Scope for Profitable Growth -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-24 09:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0100 GMT - Australian credit provider Resimac keeps its bull at Bell Potter despite the potential overhang of regulatory legal proceedings. Analyst Marcus Barnard acknowledges proceedings related to the lender's treatment of customers in hardship, but says that management is working to resolve the issue. He tells clients in a note that Resimac's new CEO is aiming to grow its mortgage and auto book, and that the former is continuing to perform well. Barnard reckons that Resimac can grow profitably thanks to a small but strong position in the mortgage market, and its developing position in novated leases. Bell Potter cuts its target price 9.1% to A$1.00 and maintains a buy rating. Shares are down 1.8% at A$0.82. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 23, 2025 21:00 ET (01:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RMC.AU","symbol_name":"Resimac Group Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2545213421","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545213421","pubTimestamp":1750726800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0100 GMT - Australian credit provider Resimac keeps its bull at Bell Potter despite the potential overhang of regulatory legal proceedings. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RMC.AU":"Resimac Group Ltd","BK7160":"商业和住宅抵押贷款融资","BK7123":"互助储蓄与抵押信贷金融服务"},"translate_title":"Resimac牛市看到盈利增长空间——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RMC.AU":0.9},"content_text":"0100 GMT - Australian credit provider Resimac keeps its bull at Bell Potter despite the potential overhang of regulatory legal proceedings. Analyst Marcus Barnard acknowledges proceedings related to the lender's treatment of customers in hardship, but says that management is working to resolve the issue. He tells clients in a note that Resimac's new CEO is aiming to grow its mortgage and auto book, and that the former is continuing to perform well. Barnard reckons that Resimac can grow profitably thanks to a small but strong position in the mortgage market, and its developing position in novated leases. Bell Potter cuts its target price 9.1% to A$1.00 and maintains a buy rating. Shares are down 1.8% at A$0.82. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 23, 2025 21:00 ET (01:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}