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CITIC SEC: Maintains YUM CHINA "Buy" rating, KFC China announces an average price increase of 2%.
CITIC SEC released a research report stating that it maintains a "Buy" rating on YUM CHINA (09987). With a low base, same-store performance in Q4 2024 is expected to continue improving. Under the backdrop of an optimistic turning point in policy and heightened expectations for economic recovery, the company's operational expectations are likely to drive further valuation recovery. The report mentions that KFC China announced on December 24 a pricing adjustment measure with an average increase of 2%, aiming to better adapt to market cost changes. Historically, KFC regularly evaluates and cautiously adjusts its price structure based on changes in operating costs, with the last price adjustment occurring in early 2023. This price adjustment reflects the consumer Dining industry indirectly.
Investing in CITIC Securities (SHSE:600030) a Year Ago Would Have Delivered You a 58% Gain
CITIC SEC: Maintains a "Buy" rating for Xpeng Autos -W, creating a hit product through "system capabilities".
CITIC SEC released a research report stating that it maintains a "Buy" rating for Xpeng Motors-W (09868). The firm believes that Xpeng will continuously launch two blockbuster models, MONA and P7+, in the second half of 2024, leading to sustained increases in delivery volumes and achieving the best results ever, with the core behind this being the company's improvement in "system capabilities." The report states that after experiencing organizational restructuring over the past two years, Xpeng Motors has completed iterations in product concepts, cost structures, marketing, and other aspects, laying a solid foundation for the major product cycle of the 2025-2026 models. The "end-to-end" technology trend in the smart driving industry has been established, with Xpeng Motors focusing on smart driving algorithms.
Suzhou Sepax Technologies to Offer Nearly 50 Million Shares in Shanghai IPO
CITIC SEC (06030): CITIC SEC International provides guarantees for the issuance of 26 million US dollars in medium-term notes by CSI MTN Limited.
CITIC SEC (06030) released an announcement that the company's wholly-owned Overseas subsidiary, CITIC SEC International, has a subsidiary CSI ...
Hong Kong stock movement | China-Affiliated Brokerage stocks continued to decline in the afternoon, with increased market volatility dragging down the Sector performance. Citibank stated that Brokerage stock prices may have peaked.
China-Affiliated Brokerage stocks continued to decline in the afternoon. As of the time of this report, Guolian (01456) fell by 3.48% to 4.71 HKD; China Merchants (06099) fell by 3.33% to 15.7 HKD; CITIC SEC (06030) fell by 2.48% to 21.65 HKD; CSC (06066) fell by 1.92% to 10.2 HKD.
