Patrick Ownership Shakeup Positive Outcome for Qube -- Market Talk

Dow Jones

May 05, 2025

2209 GMT - Ord Minnett appears relieved by Qube's new counterpart in the entity that owns the Patrick container terminals business. Brookfield is selling its 50% equity interest to another fund that it controls and some existing investors. "We believe that the retention of Patrick within infrastructure ownership, as opposed to global shipping/terminal players, is a positive outcome from a market positioning standpoint," analyst Ian Munro says. The transaction is at a modest premium to Patrick's enterprise value of A$6.6 billion that Qube disclosed alongside its 1H result. Ord Minnett estimates the deal to be at a A$300 million premium to its prior sum-of-the-parts valuation. It retains an accumulate call on Qube. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 04, 2025 18:09 ET (22:09 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2533325560"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2533325560\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2533325560?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-05 06:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2533325560","market":"fut","top_or_hot":-1,"title":"Patrick Ownership Shakeup Positive Outcome for Qube -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2209 GMT - Ord Minnett appears relieved by Qube's new counterpart in the entity that owns the Patrick container terminals business. <a href=\"https://laohu8.com/S/BN\">Brookfield</a> is selling its 50% equity interest to another fund that it controls and some existing investors. \"We believe that the retention of Patrick within infrastructure ownership, as opposed to global shipping/terminal players, is a positive outcome from a market positioning standpoint,\" analyst Ian Munro says. The transaction is at a modest premium to Patrick's enterprise value of A$6.6 billion that Qube disclosed alongside its 1H result. Ord Minnett estimates the deal to be at a A$300 million premium to its prior sum-of-the-parts valuation. It retains an accumulate call on Qube. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 04, 2025 18:09 ET (22:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Patrick Ownership Shakeup Positive Outcome for Qube -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPatrick Ownership Shakeup Positive Outcome for Qube -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-05 06:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2209 GMT - Ord Minnett appears relieved by Qube's new counterpart in the entity that owns the Patrick container terminals business. <a href=\"https://laohu8.com/S/BN\">Brookfield</a> is selling its 50% equity interest to another fund that it controls and some existing investors. \"We believe that the retention of Patrick within infrastructure ownership, as opposed to global shipping/terminal players, is a positive outcome from a market positioning standpoint,\" analyst Ian Munro says. The transaction is at a modest premium to Patrick's enterprise value of A$6.6 billion that Qube disclosed alongside its 1H result. Ord Minnett estimates the deal to be at a A$300 million premium to its prior sum-of-the-parts valuation. It retains an accumulate call on Qube. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 04, 2025 18:09 ET (22:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4124","symbol_name":"机动车零配件与设备","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533325560","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533325560","pubTimestamp":1746396540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2209 GMT - Ord Minnett appears relieved by Qube's new counterpart in the entity that owns the Patrick container terminals business. Brookfield is selling its 50% equity interest to another fund that it controls and some existing investors. \"We believe that the retention of Patrick within infrastructure ownership, as opposed to global shipping/terminal players, is a positive outcome from a market positioning standpoint,\" analyst Ian Munro says. The transaction is at a modest premium to Patrick's enterprise value of A$6.6 billion that Qube disclosed alongside its 1H result. Ord Minnett estimates the deal to be at a A$300 million premium to its prior sum-of-the-parts valuation. It retains an accumulate call on Qube. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4124":"机动车零配件与设备","BK7079":"海港与服务","QUB.AU":"QUBE HOLDINGS LTD","PATK":"Patrick Industries"},"translate_title":"Patrick所有权重组为Qube带来积极成果——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QUB.AU":0.9,"PATK":1},"content_text":"2209 GMT - Ord Minnett appears relieved by Qube's new counterpart in the entity that owns the Patrick container terminals business. Brookfield is selling its 50% equity interest to another fund that it controls and some existing investors. \"We believe that the retention of Patrick within infrastructure ownership, as opposed to global shipping/terminal players, is a positive outcome from a market positioning standpoint,\" analyst Ian Munro says. The transaction is at a modest premium to Patrick's enterprise value of A$6.6 billion that Qube disclosed alongside its 1H result. Ord Minnett estimates the deal to be at a A$300 million premium to its prior sum-of-the-parts valuation. It retains an accumulate call on Qube. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 04, 2025 18:09 ET (22:09 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}