Five-Star Finance Slides on Asset Woes

  Published 8 months ago

Five-Star Business Finance drops 3% as Q1 profit rise is overshadowed by worsening asset quality and margin dip.

  • Gross Stage 3 assets rose to 2.46% in Q1 from 1.79% in Q4 and 1.41% last year.
  • Net interest margin narrows to 16.43% from 16.72% YoY, signaling margin pressure despite higher interest income.
  • Stock down 20% year-to-date as investors react to asset quality deterioration despite better quarterly profit figures.

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