[Brokerage Focus] Guosen Securities maintains a "outperform the market" rating on Yum China (09987), citing its strong performance in same-store sales and new store expansion in the third quarter.
Guosen Securities released research indicating that Yum China (09987) achieved net income of $3.07 billion in the third quarter, an increase of 5.4% compared to the previous year, marking a historical high in quarterly revenue. The core operating profit was $0.369 billion, up by 18.3%; while adjusted net income was $0.297 billion, up by 19.8%. The revenue and profit growth rates in comparison to Q2 (revenue +1%, core operating profit +12%, adjusted net income +7%) continued to accelerate. In 2024 Q3, raw materials/labor/rent increased by 0.6/-0.2/-0.3 percentage points respectively, resulting in a stable restaurant profit margin of 17.0% year-on-year.
Stock market updates: Hong Kong's dining and alcoholic beverages sector are strong, with Helen's up 16% and zjld up 8%. The Ministry of Commerce will introduce new policies in the consumer sector.
The Hong Kong dining sector showed strong performance in the morning session, with Helen's up by 16.38%, Jiumaojiu up by 14.36%, and Xiabuxiabu up by 9%. The alcoholic beverages sector also strengthened, with ZJLD up by 8%, China Res Beer up by 6%, and Tsingtao Brew up by 4%.
Yum China (YUMC.US) repurchased nearly 0.05 million shares of US stocks on the nyse the day before, involving nearly 2.4 million US dollars.
According to the disclosure report, yum china (09987.HK) (YUMC.US) conducted a stock repurchase on November 5th at the New York Stock Exchange, involving 49,788 shares, with a price range of $47.72 to $49.18 per share, involving nearly $2.4 million. Since the ordinary resolution was passed, the company has repurchased a total of 9.516 million shares, accounting for 2.45% of the issued shares.
Repurchase assembly on November 6 | hsbc holdings, cosco shipping holdings, etc. have repurchased one after another, with hsbc holdings spending 0.271 billion Hong Kong dollars.
According to the disclosure documents filed by hkex on November 7, hsbc holdings (00005.HK), cosco shipping holdings (01919.HK), among others, repurchased shares.① hsbc holdings (00005.HK) repurchased 3.7528 million ordinary shares on November 5, involving 0.271 billion Hong Kong dollars, with a repurchase price per share ranging from 72.4 Hong Kong dollars to 72 Hong Kong dollars. ② cosco shipping holdings (01919.HK) repurchased 7.6695 million H shares on November 6, involving 94.3464 million Hong Kong dollars, with a repurchase price per share ranging from 12.64 Hong Kong dollars to 12.
Shares of Restaurant Companies Are Trading Higher. Investors May Be Reacting to the US Presidential Election and Its Impact on Consumer Spending.
Macquarie Maintains Yum China(YUMC.US) With Buy Rating, Raises Target Price to $53.99
DBS Maintains Yum China(YUMC.US) With Buy Rating, Cuts Target Price to $63.04
Yum China Raised at JPMorgan as 'Fundamentals Bottoming Out'
A Quick Look at Today's Ratings for Yum China(YUMC.US), With a Forecast Between $53.35 to $63.04
Yum China (09987.HK): Performance exceeds expectations + increased investment to reward shareholders. Looking forward to Q4 same-store sales returning to positive.
Event: Yum China released its 2024 Q3 performance announcement, achieving a total revenue of $3.07 billion / +4% excluding exchange rate impact, an adjusted operating profit of $0.37 billion / +13% excluding exchange rate impact, and an adjusted net income of 3 billion.
JPMorgan Upgrades Yum China to Overweight
Yum China Holdings Third Quarter 2024 Earnings: EPS: US$0.77 (Vs US$0.59 in 3Q 2023)
Yum China (09987.HK) spent $2.4 million on November 5 to repurchase 0.0498 million shares.
11月6日,Yum China (09987.HK) announced that on November 5th, it spent 2.4 million US dollars to repurchase 0.0498 million shares.
Zero One released a large-scale ToB solution, which has been recognized by clients such as Yum China.
Sina Technology News On the evening of November 6, after releasing the new flagship model Yi-Lightning in mid-October, Zero One Today disclosed a complete set of large models ToB solutions based on the Yi model. Based on the 'Infra+Large Model+Application' integrated global strategy, Zero One has accumulated mature capabilities in model training, AI infrastructure, and application development in various areas, which have been verified in its own practice, gaining recognition from Yum China, Children's King and other leading customers. It is reported that Zero One has newly launched ' targeting e-commerce live streaming, office conferences and other scenes
Yum China Holdings: Strategic Expansion and Strong Market Position Justifies Buy Rating
Express News | Yum China: KFC's new concept KPRO restaurant opens its first store in Peking.
CMB International: Maintains a 'buy' rating on Yum China (09987) with a target price raised to 451.11 Hong Kong dollars.
China International Securities is cautiously optimistic about Yum China in the fourth quarter, believing that it will be supported by a low base and effective implementation of the company's growth strategy.
Morgan Stanley raised yum china (09987.HK) target price to 420 yuan, increasing returns to shareholders.
According to the research reports released by Macquarie, Yum China (09987.HK)(YUMC.US) revenue in the third quarter of this year increased by 5.4% year-on-year, meeting expectations. Core operating profit increased by 18% year-on-year, exceeding the bank's and market's expectations by about 7% and 9% respectively. In the first nine months of this year, the proportion of new franchise stores for both KFC and Pizza Hut under Yum China reached 27% and 7% respectively. Management has forecasted that in the coming years, the proportion of new franchise stores for these two brands will increase to between 40% and 50% and between 20% and 30% respectively. Additionally, Yum China has announced plans to further enhance shareholder returns over the three years from 2024 to 2026.
"Dah Sing" raised the target price of Yum China (YUMC.US) to $58, with cost savings supported by Zhejiang Nhu contributing to visible growth.
CICC released a report stating that yum china (09987.HK) roughly met the bank's expectations in the third quarter, with revenue increasing by 5% year-on-year to 3.07 billion US dollars, operating profit/core operating profit (excluding exchange rate effects) increasing by 14% and 18% respectively year-on-year, and adjusted net profit increasing by 20% year-on-year to 0.297 billion US dollars. Excluding investment income from Meituan-W (03690.HK), the group's net profit increased by 9% year-on-year. The bank believes that yum china will innovate its products, stores, and business model with cost reduction, efficiency improvement, and internal support, estimating improvements in company-owned stores.
[Featured Columnist] Deng Shengxing: The market awaits the results of the USA election and interest rate decisions in silence, with a more cautious attitude towards market entry.
Golden Finance News | Hang Seng Index closed at 21006 on Tuesday (5th), up 439 points or 2.1%;. The total market turnover was 169.9 billion yuan for the day. The H-share index rose 188 points or 2.6% to 7556; the technology index surged 161 points or 3.6%, reaching 4693. Mainland brokerages performed well overall. GF Securities (01776) surged 6.7%; Zhongjin (03908) rose 8%; Citic Securities (06030) soared 6.5%. According to foreign reports, Apple will increase its investment in Indonesia in exchange for lifting the ban on selling iPhone 16 locally, leading to gains in apple supplier stocks. The offshore Renminbi exchange rate hit a record high the previous day
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