BUY - Judo Holdings (JDO)
*** GENERAL AVICE ONLY***
Trade Date: 14/12/2023
Description: Judo Capital Holdings Limited (JDO) is an Australian bank with a focus on lending to small and medium enterprises (SMEs). Judo’s product offering provides SME Customers with tailored lending solutions for their SME business needs. The bank has 3,758 SME Lending customers and 35,050 Term Deposit customers.
Recommendation
Buy Judo Capital Holdings (JDO)
Entry price: $0.85
Target Price: $1.05 (+23.5%)
Stop Loss: $0.75 (-10% trailing stop)
Rationale:
With the market now convinced of a soft landing and rate cuts next year, the risk of holding smaller banks should now dissipate in the eyes of investors. JDO has one of the best CET1 ratios of any bank in Australia and is priced at a deep discount considering the growth trajectory the company is on
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.