Australia's Qube dips on broader market sentiment; Morningstar sees long-term potential

Qube Holdings

17/09/2025 05:21

Updates

**** Logistics firm Qube Holdings QUB.AX dips 0.2% to A$4.105, tracking S&P/ASX 200's .AXJO 0.7% fall on investor caution ahead of local jobs data on Thursday .AX

** Morningstar expects robust long-term earnings growth via organic expansion, developments, acquisitions

** Notes QUB's "dominant" positions in port logistics, particularly rail haulage at Sydney's Port Botany; Moorebank precinct set to be country's largest inland intermodal terminal

** Developments should support cost advantages over less efficient peers - Morningstar

** Adds, automotive logistics arm benefits from duopoly structure, long-term contracts with major foreign manufacturers

** Morningstar PT at A$4; 13 analysts rate it 'buy' on avg, median PT A$4.60 - data compiled by LSEG

** Stock up 3.4% YTD vs benchmark's 8.1% rise

 (Reporting by Kumar Tanishk and Nichiket Sunil in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))