Nomura maintained its buy rating on 0716.HK Container, but lowered its target price from HK $3.80 to HK $3.00.
In addition, Sheng Lion Container's interim dividend (HK $0.09) yield as high as 4.0%. Nomura said demand for containers would be weak in the second half of the year, but Nomura remained optimistic about the outlook for container demand in 2012.
Sheng Lion Container fell 2.9 per cent to HK $2.35 yesterday.