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.