Australia's Qube to withstand potential near-term earnings headwinds - Morningstar

Qube Holdings

08/12/2022 21:03

** Morningstar notes logistics firm Qube Holdings Ltd's
 QUB.AX  shares are trading at 10% discount to brokerage's
A$3.10 fair value estimate
    ** Brokerage says while further dip in share price is likely
due to market over-reaction to economic headwinds, investors
should focus more on company's "solid long-term outlook" 
    ** Qube's earnings to be relatively resilient given its
large and diverse operations, and underappreciated pricing power
- brokerage
    ** Brokerage expects company's ongoing bolt-on acquisitions
and organic growth in operating divisions to expand and drive
vertical integration
    ** 8 of 14 analysts rate the stock "buy" or higher, 6
"hold"; median PT A$3.20 – Refinitiv
    ** Company's shares down 10.8% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com))