Qube Holdings Ltd (ASX: QUB) Share Price and News
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Qube Holdings Ltd (ASX:QUB) is the biggest provider of import and export logistics services in Australia. Previously known as KFM Diversified Infrastructure and Logistics Fund, the company was originally founded in 2006 by Kaplan Funds Management together with Chris Corrigan and other former executives from Patrick Corporation after it was taken over by Toll.
Qube operates in more than 130 locations spanning Australia, New Zealand, Singapore, Malaysia and Papua New Guinea and employs over 6,500 people. The company’s operations are split into three key divisions which are the ports, bulk and logistics division, the infrastructure and property division and the strategic assets division. It also has a 50% holding of Patrick Terminals, one of Australia’s largest container terminal operators.
Qube’s primary operations centre around containers and bulk cargo handling, road and rail transport, materials handling, warehousing and distribution, freight forwarding and supply chain management. The company works across a variety of sectors including agriculture, automotive, commodities and general cargo. It provides port services and handling facilities at over 40 ports across Australia, New Zealand and South East Asia.
Whilst KFM Diversified Infrastructure and Logistics Fund first listed on the ASX in 2007, following a corporatisation of the held logistics assets, the newly formed Qube Holdings Ltd listed in August 2011.
The Qube share price was hit hard by the March 2020 market crash, falling below $2 for the first time since 2016.
Qube Holdings Ltd (ASX: QUB) Latest News
Ken Hall | August 23, 2019 9:11am
A strong underlying profit from Qube Holdings Ltd (ASX: QUB) boosted its share price 4.26% higher. More »
Brendon Lau | August 12, 2019 2:42pm
It’s unusual for a bidder’s share price to rise and the target to slump, but that’s what’s happening to the latest M&A deal on... More »
Jules Woodward | July 30, 2019 3:48pm
Why Qube Holdings Limited (ASX: QUB) and 1 other cheap ASX share are worth a closer look for anyone looking for lower cost shares... More »
Ken Hall | July 23, 2019 10:14am
The Qube Holdings Ltd (ASX: QUB) share price is on watch this morning after the latest update from its takeover target Chalmers Ltd (ASX:... More »
Ken Hall | July 1, 2019 4:37pm
The Qube Holdings Ltd (ASX: QUB) share price has risen 0.5% today as the company pursues Chalmers Ltd (ASX: CHR) – but is the... More »
James Mickleboro | June 28, 2019 12:06pm
Afterpay Touch Group Ltd (ASX:APT), BHP Group Ltd (ASX:BHP), and Westpac Banking Corp (ASX:WBC) shares have been making a splash on the ASX 200... More »
Brendon Lau | June 28, 2019 9:39am
The macroeconomic environment may be volatile but that isn't likely to quell appetite for mergers and acquisitions (M&A) among S&P/ASX 200 (Index:^AXJO) (ASX:XJO) stocks. More »
Ken Hall | May 13, 2019 8:36am
The Qube Holdings Ltd (ASX: QUB) share price could be set to fall lower this morning after announcing a $135 million acquisition at market... More »