Judo Capital's Bulls Stick Around on Selloff

Dow Jones

Jul 06

0157 GMT - Judo Capital's bulls at Morgan Stanley stay overweight on the Australian business bank thanks to the savage selloff that followed its recent trading update. The MS analysts tell clients in a note that it could take some time for the lender to restore credibility following its announcement of increased credit provisioning. However, they point out that the 40% share-price drop that followed the announcement has left the stock trading at just 0.5 times book value. Going forward, the MS analysts want to see more disclosure from Judo on the composition of loans, particularly for property operators and construction companies. MS cuts its target price on the stock 32% to 1.25 Australian dollars. Shares are up 3.1% at A$0.9075. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 05, 2026 21:57 ET (01:57 GMT)

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The MS analysts tell clients in a note that it could take some time for the lender to restore credibility following its announcement of increased credit provisioning. However, they point out that the 40% share-price drop that followed the announcement has left the stock trading at just 0.5 times book value. Going forward, the MS analysts want to see more disclosure from Judo on the composition of loans, particularly for property operators and construction companies. MS cuts its target price on the stock 32% to 1.25 Australian dollars. Shares are up 3.1% at A$0.9075. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 05, 2026 21:57 ET (01:57 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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>Judo Capital's Bulls Stick Around on Selloff</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\">\nJudo Capital's Bulls Stick Around on Selloff\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\">2026-07-06 09:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0157 GMT - Judo Capital's bulls at Morgan Stanley stay overweight on the Australian business bank thanks to the savage selloff that followed its recent trading update. The MS analysts tell clients in a note that it could take some time for the lender to restore credibility following its announcement of increased credit provisioning. However, they point out that the 40% share-price drop that followed the announcement has left the stock trading at just 0.5 times book value. Going forward, the MS analysts want to see more disclosure from Judo on the composition of loans, particularly for property operators and construction companies. MS cuts its target price on the stock 32% to 1.25 Australian dollars. Shares are up 3.1% at A$0.9075. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 05, 2026 21:57 ET (01:57 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"LU1244550221.USD","symbol_name":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2649761761","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2649761761","pubTimestamp":1783303020,"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":"0157 GMT - Judo Capital's bulls at Morgan Stanley stay overweight on the Australian business bank thanks to the savage selloff that followed its recent trading update. The MS analysts tell clients in a note that it could take some time for the lender to restore credibility following its announcement of increased credit provisioning. However, they point out that the 40% share-price drop that followed the announcement has left the stock trading at just 0.5 times book value. Going forward, the MS analysts want to see more disclosure from Judo on the composition of loans, particularly for property operators and construction companies. MS cuts its target price on the stock 32% to 1.25 Australian dollars. Shares are up 3.1% at A$0.9075.  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The MS analysts tell clients in a note that it could take some time for the lender to restore credibility following its announcement of increased credit provisioning. However, they point out that the 40% share-price drop that followed the announcement has left the stock trading at just 0.5 times book value. Going forward, the MS analysts want to see more disclosure from Judo on the composition of loans, particularly for property operators and construction companies. MS cuts its target price on the stock 32% to 1.25 Australian dollars. Shares are up 3.1% at A$0.9075. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 05, 2026 21:57 ET (01:57 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}