BofAS issued a research report stating that YUM CHINA (09987.HK) 0.000 (0.000%) Short selling $63.13M; Ratio 30.982% reported flat same-store sales in the first quarter, below market expectations. However, benefiting from favorable foreign exchange, operating profit increased by 12% YoY, with an operating margin of 13.7%, above market expectations, mainly driven by savings in general and administrative expenses. Its second-quarter same-store sales outlook has also improved and is steadily progressing toward full-year guidance.YUM CHINA targets a net addition of 1,900 new stores this year, with capital expenditure of USD600 million to USD700 million. In the first quarter, it returned USD316 million to shareholders through dividends and share buybacks. BofAS maintained its Buy rating on YUM CHINA, with a US share TP of USD56.5 for YUM CHINA (YMUC.US) and a Hong Kong share TP of HKD438. The broker believes the previous share price decline was overdone, and as a high-quality stock with stable compound growth and attractive yield, the recent pullback presents a better buying opportunity. (ec/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 16:25.)Related News Citi Maintains Buy on Yum China Holdings, Inc. (YUMC.US) with TP USD58.1
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