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%.

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.

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%.

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

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%.

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

Qube Holdings – Review

Qube Holdings is now under Algo Engine buy conditions and as part of the review, we take a closer look at the FY20 earnings results.

COVID has had a negative impact on overall volumes and we expect to see a gradual improvement over FY21 and FY22.

About

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.

FY20 Earnings

Higher Low Pattern Stocks to Add to Your Watchlist

The following group of stocks are in either established uptrends or, in recent months they’ve broken downtrends to begin building the early stages of a bullish “higher low” formation.

Many of these names have been mentioned previously in the blog and/or the monthly strategy video report. It’s worth loading these codes into your watch list and considering rebalancing your portfolio to include allocations towards some, or all of these names:

JHX, LLC, MQG, SHL, TWE, ANN, ANZ, ASX, CCL, CIM, COH, QUB, TAH, WOW & WPL.

With the lower growth names within the above basket, such as WOW & CCL, we compliment the position now with tight covered calls to enhance the yield to 10%+ per annum. With some of the other names, we give a little more breathing space as we expect 5 to 10% price appreciation before selling the call option overlay.