Yum China Holdings (YUMC) Earnings Expected to Grow: Should You Buy?
U.S. stock market anomaly: yum china rose 2.57% in pre-market trading, with CICC expecting its Q3 adjusted net profit to increase by 14% year-on-year and raising its target price to $52.
Grain Association October 28 | Yum China (YUMC.US) pre-market trading on US stocks rose 2.57% to $44.75. In terms of news, Yum China will announce its third quarter results after the market closes on November 4. China International Capital Corporation report indicates that its adjusted net profit for the third quarter is expected to increase by 14% year-on-year, mainly due to the investment income from its stake in Meituan-W and the impact of RMB appreciation against the US dollar. Considering the recent policy boosting market sentiment, as well as extending the valuation basis to 2025, the target price for US stocks has been raised by 24% to $52, maintaining an "outperform the industry" rating. (Grain Association)
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"Dah Sing" raised Yum China's target price to $52 (YUMC.US) and maintained an 'outperform' rating in the industry.
Yum China (09987.HK) (YUMC.US) will announce its third quarter results after the market closes on November 4. CICC's research report predicts a 14% year-on-year increase in its third quarter adjusted net profit, mainly benefiting from its private equity investment income in Meituan-W (03690.HK) and the impact of RMB appreciation against the US dollar. The bank raised its full-year adjusted net profit forecast for Yum China by 4% to $0.913 billion, maintaining its profit forecast for 2025, with adjusted operating profit expected to increase by 4% and 8% respectively in the next two years. CICC maintains its "Outperform Industry" rating on its US stocks, considering recent policy support boosting the market.