0014 GMT - Qube Holdings' trading update emphasizes that debt management is its focus right now, says RBC Capital Markets. The owner of Patrick ports had gearing of 27.2% at the end of June. Gearing is expected to reach the middle of Qube's 30%-40% target range during FY 2025. Qube is targeting A$180 million-A$250 million of asset sales, with the bulk of proceeds coming in late FY 2025 and early FY 2026. "We also highlight the possibility of a Patrick Terminals transaction which adds another dynamic to Qube's leverage and earnings growth outlook for FY 2025," says analyst Owen Birrell. RBC has a sector-perform call on Qube and A$4.10/share price target. Qube is up 0.5% at A$3.83. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 10, 2024 19:15 ET (00:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。