Australia's Qube dips on broader market sentiment; Morningstar sees long-term potential
Logistics firm Qube Holdings QUB.AX dips 0.2% to A$4.105, tracking S&P/ASX 200's .AXJO 0.7% fall on investor caution ahead of local jobs data on Thursday .AX
Morningstar expects robust long-term earnings growth via organic expansion, developments, acquisitions
Notes QUB's "dominant" positions in port logistics, particularly rail haulage at Sydney's Port Botany; Moorebank precinct set to be country's largest inland intermodal terminal
Developments should support cost advantages over less efficient peers - Morningstar
Adds, automotive logistics arm benefits from duopoly structure, long-term contracts with major foreign manufacturers
Morningstar PT at A$4; 13 analysts rate it 'buy' on avg, median PT A$4.60 - data compiled by LSEG
Stock up 3.4% YTD vs benchmark's 8.1% rise
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