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Express News | Hedge Funds Are Pouring Into ETFs Focusing on Chinese Equities With $2.4 Billion Inflows
【Hong Kong Stock Connect】Yum China (09987) rose by 6.08%, with CICC raising its target price by 24% and expecting an operating profit margin of 11.5% in the second quarter.
Jingu Finance News | Yum China (09987) fluctuated and strengthened, as of the time of writing, it rose by 6.08%, closing at 390.6 Hong Kong dollars, with a turnover of 73.95 million Hong Kong dollars. On the news front, Guosen Securities issued a research report stating that Yum China's same-store performance in the first half of 2024 and the pace of store expansion maintained strong performance. With the fine control of costs and expenses, the adjusted net income growth rate turned positive in Q2 2024. Recently, favorable policies to promote consumer spending have been frequent in the domestic market. The bank analyzes that the company's operation in the second half of the year is expected to continue to show a stable trend. The bank believes that the company's mid-term target of double-digit annualized earnings per share growth is highly achievable.
Yum China (09987) spent 2.4 million US dollars to repurchase 0.0519 million shares on September 30th.
Yum China (09987) announced that it will spend $2.4 million to repurchase 5.19...
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