Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Qube Holdings ( (AU:QUB) ) has shared an update.
Qube Holdings has announced a positive trading and business update for FY25, with an expected increase in underlying earnings despite recent weather disruptions. The company has completed the acquisition of MIRRAT and finalized new enterprise agreements for Qube Ports and Patrick, ensuring operational stability. Additionally, Qube’s joint venture partner, Brookfield Infrastructure, has entered into a binding sale agreement for its 50% stake in Patrick, which will not affect Qube’s ownership or operations. The transaction reflects the strong performance and strategic reinvestment in Patrick, contributing significantly to Qube’s shareholder value.
More about Qube Holdings
Qube Holdings is Australia’s largest provider of integrated import and export logistics services, specializing in a range of activities including transport, container parks, logistics, agri, automotive, forestry, resources, and energy sectors. The company focuses on non-discretionary products and markets where Australia has limited manufacturing capacity, ensuring a stable demand for its services.
YTD Price Performance: -7.63%
Average Trading Volume: 373
Technical Sentiment Signal: Sell
Current Market Cap: €3.94B
See more data about QUB stock on TipRanks’ Stock Analysis page.