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YUM CHINA (09987.HK) repurchased 478,000 shares at a cost of 2.4 million USD on December 12.
On December 13, Geloonghui reported that YUM CHINA (09987.HK) announced that on December 12, it spent 2.4 million dollars to repurchase 0.0478 million shares, with a repurchase price per share ranging from 49.83 to 50.88 Hong Kong dollars.
China to Lift Fiscal Spending to Boost Economy
YUM CHINA (09987.HK) spent 2.4 million USD to repurchase 0.049 million shares on December 11.
On December 12, Gelonghui reported that YUM CHINA (09987.HK) announced the repurchase of 0.049 million shares at a cost of 2.4 million USD on December 11.
[Brokerage Focus] Guoyuan International pointed out that there is a lag in the transmission of policies to boost Consumer confidence, and the sustainability of the Consumer recovery remains to be observed.
Jingwu Financial News | Guoyuan International Research Reports indicate that the consumer market will remain sluggish in 2024, and the fundamentals of the Sector are generally under pressure. After a brief rebound following the government's package policies announced at the end of September, the market fell back. From the beginning of the year to now, the Hang Seng Consumer Sector has fallen by 13.39%, underperforming the Large Cap; the Hong Kong Shenwan CSI SWS Food & Beverage index has seen a cumulative decline of 3.79%, ranking 27th out of 31 first-level Shenwan Industries. Looking at the sub-sectors, from the beginning of the year to now, flavoring and fermentation products, baked goods, soft drinks, snacks, and meat products have achieved positive growth, while Other sub-sectors performed poorly. The report also indicates that on December 9, the Central Politburo will meet to analyze and study.
Dining stocks have surged again with DPC DASH (01405) rising by 8.25%. Institutions indicate that potential policies such as consumer vouchers are expected to stimulate dining demand.
Jingwu Financial News | Dining stocks are gaining momentum again. As of this report, DPC DASH (01405) rose 8.25%, Helens (09869) rose 4.76%, JIUMAOJIU (09922) rose 2.83%, HAIDILAO (06862) rose 2%, and YUM CHINA (09987) rose 1.15%. On the news front, Chen Ximiao, Chief Analyst of Overseas Strategy at GTJA, stated that the sensitivity of the Hong Kong stock market to external shocks is expected to decrease in 2025, and more attention should be given to returning to its own logic. Regarding the trend of the Hong Kong stock market in 2025, it is expected to mainly show a N-shaped upward fluctuation pattern, with stages not lacking in volatility.
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
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