Qube Holdings' H2 container volumes better than expected - Jefferies

Qube Holdings

24/05/2023 20:33

** Although logistics firm Qube Holdings Ltd's  QUB.AX 
container volumes dropped in second half of 2023, it is still
better than expected, analysts at Jefferies say
    ** Company posted a 6.6% drop in container volumes for H2
    ** Brokerage forecast company's container volumes to drop
11.3% in H2
    ** Jefferies expects weakness in container volumes to be
offset from other parts of the import-export supply chain for
Qube that are growing
    ** Brokerage upgrades PT to A$4.16 from A$4.09, but
maintains "buy" rating
    ** Seven of 15 analysts rate the stock "buy" or higher, 8
"hold"; median PT is A$3.35 – Refinitiv 

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))