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Yum China (09987.HK) spent HKD 2.4 million buying back 0.0702 million shares on August 7th.
On August 8th, GLJ Research announced that Yum China (09987.HK) repurchased 0.0702 million shares for 2.4 million Hong Kong dollars on August 7th.
Brokerage Focus: Founder Securities maintains its "recommended" rating for Yum China (09987), stating that the innovative store model brings new growth highlights.
Jin Wu News | Fangzheng Securities released research reports pointing out that Yum China (09987) achieved revenue of 2.68 billion US dollars in Q2 24, a year-on-year increase of 4% (excluding foreign exchange effects), and operating profit increased by 7% year-on-year to 0.266 billion US dollars (excluding foreign exchange effects), both setting a new high in the second quarter; core operating profit increased by 12% year-on-year to 0.275 billion US dollars. The bank stated that as a leader in the Chinese dining industry, the company occupies users' minds through its two major brands, KFC and Pizza Hut, and its supply chain provides product price advantages and quality guarantees. Digitalization further improves quality and efficiency. The company continues to follow the consumption trend and promotes...
Brokerage focuses on: Anxin International lowers the target price of Yum China (09987) to HKD 376 and maintains a "buy" rating.
Jinwu News | According to a research report issued by Anxin International, Yum China's revenue in the first half of 2024 was $5.63 billion, up 1.1% YoY, and net income attributable to shareholders was $0.5 billion, up 3%, of which Q2 revenue was $2.68 billion, up 1%, and net income attributable to shareholders was $0.21 billion, up 8%. The core profit margin for the first half was 11.4% (-0.1%). System sales increased by 5% and same-store sales decreased by 3%. Despite the high base in the previous year, the company still maintained growth in revenue and net income. Although same-store sales slightly declined, the company achieved an increase in net income through cost reduction and efficiency improvement. As of the end of
Yum China Holdings Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Yum China (09987.HK) spent HKD 2.4 million on August 6 to repurchase 0.0724 million shares.
On August 7th, Grong Hui announced that Yum China (09987.HK) repurchased 0.0724 million shares for HKD 2.4 million on August 6th.
Nomura Adjusts Yum China Holdings' Price Target to HK$365.82 From HK$455.52, Keeps at Buy
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