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<Research>Nomura Elevates YUM CHINA (09987.HK) TP to $459, Reiterates Buy Rating
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YUM CHINA (09987.HK) delivered solid 4Q25 results, with both revenue and earnings beating expectations, Nomura released a research report saying. Of which, quarterly revenue increased by 9% YoY. During the period, benefiting from cost improvements and enhanced operational efficiency, the restaurant profit margin/ operating profit margin expanded significantly by 70 bps/ 80 bps each, leading to a quarterly operating profit of US$187 million. The broker slightly raised its FY2026/ 2027 revenue forecasts for YUM CHINA by 1-2%, but lowered its earnings estimates by 7-9%, reflecting labor costs. As a result, Nomura elevated its target price for the Company from $432 to $459, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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