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Yum China (09987) falls by 2.61% in Hong Kong stock market connect. Citigroup points out weak Q2 revenue and slashes target price by 31.72%.
Jingucaixun | Yum China (09987) is weakly volatile. As of press time, it fell by 2.61%, reporting 261.6 Hong Kong dollars, with a turnover of 72.46 million Hong Kong dollars. On the news front, Citigroup's research report pointed out that Yum China's second-quarter revenue only increased by 1% year-on-year, which is weak, and same-store sales fell by 4%, but its restaurant profit margin has continued to narrow year-on-year, which may alleviate the market's concerns about competition. Looking ahead to next year, the bank expects the group's potential revaluation to depend on investors' confidence in the re-acceleration of its 2025-26 revenue growth and restaurant profit margin stabilization. Because Chinese consumption in the third quarter of this year may still be weak, almost
Yum China granted director remuneration in the form of equity.
Yum China (09987) announced that on August 12, 2024 (US time), the company granted Ms. Durham 3,978 common stock shares (shares) of the company under Yum China Holdings Limited's 2022 Long-Term Incentive Plan (2022 LTIP) as her annual stock compensation for serving as an independent non-employee director of the company, which is calculated proportionally. Non-employee directors of the company receive annual director compensation paid in shares, or at the request of a director, up to half may be paid in cash.
Yum China repurchased a total of 0.0885 million shares on August 16th.
Yum China (09987) announced that it will spend $2.4 million to repurchase 0.0711 million shares on August 16, 2024; and spend HKD 4.688 million to repurchase 0.0174 million shares.
Yum China (09987.HK) repurchased 0.0174 million shares for HKD 4.6884 million on August 16.
Yum China (09987.HK) announced on August 18th that it spent 4.6884 million Hong Kong dollars to repurchase 0.0174 million shares on August 16, 2024, with a repurchase price of HKD 266-270.4 per share.
Yum China Grants Equity to New Director
Yum China (09987) granted director remuneration in the form of equity.
Yum China (09987) issued an announcement that on August 12, 2024 (US time), the company will acquire...
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