Market Morsels: QUB, API
On an incredibly slow news day Monday, here's the latest from diversified logistics / infrastructure company Qube and chemist retailer Australian Pharmaceutical Industries.
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Qube is Australia’s largest integrated provider of import and export logistics services with a market capitalisation in excess of $4.88 billion as at 30 June 2019.
We operate in over 130 locations across Australia, New Zealand and South East Asia with a workforce of over 6,500 employees.
Qube is comprised of three business units including Ports, Bulk and Logistics division, Infrastructure and Property division and Strategic Assets division. We also hold a 50 percent interest in Patrick Terminals, Australia’s leading container terminal operator.
Scott Kelly, DNR Capital’s Portfolio Manager for the Australian Equities Income Strategy and Fund, discusses Qube Holdings and why it features as part of the Income portfolio.
WATCH VIDEOOn an incredibly slow news day Monday, here's the latest from diversified logistics / infrastructure company Qube and chemist retailer Australian Pharmaceutical Industries.
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In a surprise statement yesterday, the Australian Competition and Consumer Commission has raised concerns over Qube’s $90 million acquisition of grain logistics company Newcastle Agri Terminal.
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Scott Kelly, DNR Capital’s Portfolio Manager for the Australian Equities Income Strategy and Fund, discusses Qube Holdings and why it features as part of the Income portfolio.
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As this bizarre and almost surreal year draws to a close, it's time for us to both assess what has happened over the past 12 months and also turn our focus to the future.
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A busy day yesterday for fundraisings with plumbing supplies giant Reece becoming another company to ask shareholders for a new investment - this time it was $600 million.
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The target price rises to $2.83 from $2.77. The Hold rating is unchanged
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Overall, the broker sees potential upside risk over the medium term and lifts the target price to $3.61 from $3.57. The Buy rating is maintained.
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Reports that the Chinese government is seeking to imposed tariffs on Australian beef, barley and other exports signals to Credit Suisse there may be a hit to container volumes.
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Management has indicated there is increasing demand for the warehouse space at Moorebank Logistics Park but the capital expenditure required is higher than previously expected
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