Jefferies expects Australia's Qube to post strong growth in coming years

Qube Holdings

27/10/2022 20:04

** Jefferies continues to see Australia's Qube  QUB.AX  as
well-positioned to deliver strong growth over the next several
years; maintains "buy" rating and A$3.88 price target
    ** Brokerage says 1Q23 result was above internal
expectations for revenue, earnings and margins, despite
challenging weather conditions and ongoing weakness in Forestry
site volumes 
    ** Says factors including the group's strong balance sheet
and pipeline of acquisitions also provide confidence in its
ongoing growth 
    ** The import and export logistics services provider
reiterated that FY23 outlook of underlying NPATA growth would be
"relative to FY22"  urn:newsml:reuters.com:*:nASX6hVtFW
    ** Brokerage says co has potential to deliver opportunities
across logistics, ports and bulk businesses
    ** Seven of 14 analysts rate the stock "buy" or higher and
seven "hold"; their median PT is A$3.20 – Refinitiv data
    ** Stock has fallen 19% this year, as of last close
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))