NOMURA ON CONTAINER CORP : 27.05.2021

NOMURA ON CONTAINER CORP : 27.05.2021

• Maintain BUY, Target at Rs 750/share
* Long term leasing of rail terminals offers long term value
* Long term LLF related risk elimination will be the key positive
• Free cash flows are sustainably higher
* ROE dilution until FY25F; longer term ROE accretion by1.5-2.0%