Qube Holdings – Algo Signal

Qube Holdings is under Algo Engine buy conditions and has now been added to our ASX model portfolio.

FY21 revenue is forecast to increase 3% to $1.95bn and EBITDA flat at $300m. Qube may start to deliver 8 – 10% EPS growth into FY22 and FY23, which will support the forward yield of 2%.

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We see price support developing within the $2.25 to $2.50 range.

Since writing the above post on 2 October, Qube has seen a pickup in buying interest and the short-term indicators are trending higher.

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