Jefferies positive about Qube's purchase of terminal services firm

Qube Holdings

27/05/2024 19:53

** Jefferies analysts upbeat on Qube Holding's  QUB.AX 
purchase of Melbourne International RoRo & Automotive Terminal
MIRRAT 
    ** Sees the logistics solutions firm to deliver higher
medium term earnings after unit, Australian Amalgamated
Terminals (AAT) acquired MIRRAT amid strong vehicle imports
market 
    ** "Expansion also increases Qube's infrastructure type
asset and earnings base, which provides some benefit over and
above the earnings accretion" - Jefferies 
    ** Qube said AAT will buy MIRRAT from Wallenius
Wilhelmsen for around A$332.5 mln ($220 mln) on Monday 
    ** Stock has risen 13% so far this year

($1 = 1.5026 Australian dollars)

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))