not vested
YUM CHINA(9987)
Analysis：
Yum China (9987) announced its 3rd quarter result.
The company`s 3rd quarter net profit was USD 439 million, up by 96% yoy, mainly attributed to the increase in margin and the equity investment gain on Meituan (3690).
The adjusted net profit of 3rd quarter was USD 263 million, also up by 17%.
The company expects to open more than 900 new stores (gross), an increase compared to the previous target of 800 to 850, primarily due to the acceleration of KFC store expansion, and the inclusion of Huang Ji Huang new builds.
As of end of September, the company has already opened up 660 stores, including 534 KFC stores and 56 Pizza Hut stores.
Strategy：
Buy-in Price: $415, Target Price: $455, Cut Loss Price: $395
Source: Phillips
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Yum China 9987
9 posts
• Page 1 of 1
Yum China 9987
by winston » Fri Oct 30, 2020 11:00 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 119164
- Joined: Wed May 07, 2008 9:28 am
Re: YUM CHINA(9987)
by winston » Wed Nov 01, 2023 2:37 pm
not vested
YUM CHINA 1-3Q Net Income US$730M, Up 87.7%; Quarterly DPS US13 Cents
YUM CHINA(09987.HK) announced the financial results for the first three quarters ended 30 September 2023.
The revenue rose 13.4% YoY to US$8.485 billion.
The net profit amounted to US$730 million, up 87.7% YoY.
EPS was US$1.75.
A quarterly dividend of US13 cents per share was declared.
Dividend History
Announce Date Event Particular
2023/08/01 Interim D:USD 0.13
2023/05/02 Quarter 1 D:USD 0.1300
2023/02/08 Final D:USD 0.1300
2022/11/02 Quarter 3 D:USD 0.1200
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
YUM CHINA 1-3Q Net Income US$730M, Up 87.7%; Quarterly DPS US13 Cents
YUM CHINA(09987.HK) announced the financial results for the first three quarters ended 30 September 2023.
The revenue rose 13.4% YoY to US$8.485 billion.
The net profit amounted to US$730 million, up 87.7% YoY.
EPS was US$1.75.
A quarterly dividend of US13 cents per share was declared.
Dividend History
Announce Date Event Particular
2023/08/01 Interim D:USD 0.13
2023/05/02 Quarter 1 D:USD 0.1300
2023/02/08 Final D:USD 0.1300
2022/11/02 Quarter 3 D:USD 0.1200
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119164
- Joined: Wed May 07, 2008 9:28 am
Re: YUM CHINA(9987)
by winston » Wed Nov 01, 2023 2:49 pm
not vested
YUM CHINA (09987.HK) Elevates Net New Shop Openings Target for This Yr
2023/09/18
As of 1H23, the number of YUM CHINA (09987.HK) shops in the mainland reached more than 13,000, up 12% YoY, and the Group is aiming to expand the number of outlets to 20,000 by 2026.
Andy Yeung, YUM CHINA's CFO, said the Group is confident about the economic outlook for the mainland, mainly due to the large economy and the growing affluence and spending power of residents in various regions.
Even though there are still challenges in the short term and consumer confidence is low, the Group is optimistic about the medium- to long-term development of the mainland, and raised its target for net new shop openings this year to between 1,400 and 1,600.
Related News{ YUM CHINA 1-3Q Net Income US$730M, Up 87.7%; Quarterly DPS US13 Cents
Joey Wat, YUM CHINA's CEO, noted that the price difference between big cities and rural areas is no more than 30%, which is mainly due to the difference in demand and purchasing power of consumers in different regions, which has led to adjustments in the management strategy.
She mentioned that for rural areas, the Chinese New Year and summer holidays are the most prosperous sales periods, and the sales volume is about two times higher than that of the weekdays, which offsets the low season during the weekdays.
Wat revealed that the franchisees of KFC and Pizza Hut currently account for 10% and 5% of the Group's shops respectively, and their payback time is about 2 to 3 years.
She admitted that the requirements for franchisees have been slightly relaxed in recent years, but emphasised that the Group does not only focus on the capital brought by the franchisees, but also their management ability.
The Group will provide a certain amount of training, and even if there is no 100% guarantee of substantial profits, it will still endeavour to provide a certain degree of assistance.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
YUM CHINA (09987.HK) Elevates Net New Shop Openings Target for This Yr
2023/09/18
As of 1H23, the number of YUM CHINA (09987.HK) shops in the mainland reached more than 13,000, up 12% YoY, and the Group is aiming to expand the number of outlets to 20,000 by 2026.
Andy Yeung, YUM CHINA's CFO, said the Group is confident about the economic outlook for the mainland, mainly due to the large economy and the growing affluence and spending power of residents in various regions.
Even though there are still challenges in the short term and consumer confidence is low, the Group is optimistic about the medium- to long-term development of the mainland, and raised its target for net new shop openings this year to between 1,400 and 1,600.
Related News{ YUM CHINA 1-3Q Net Income US$730M, Up 87.7%; Quarterly DPS US13 Cents
Joey Wat, YUM CHINA's CEO, noted that the price difference between big cities and rural areas is no more than 30%, which is mainly due to the difference in demand and purchasing power of consumers in different regions, which has led to adjustments in the management strategy.
She mentioned that for rural areas, the Chinese New Year and summer holidays are the most prosperous sales periods, and the sales volume is about two times higher than that of the weekdays, which offsets the low season during the weekdays.
Wat revealed that the franchisees of KFC and Pizza Hut currently account for 10% and 5% of the Group's shops respectively, and their payback time is about 2 to 3 years.
She admitted that the requirements for franchisees have been slightly relaxed in recent years, but emphasised that the Group does not only focus on the capital brought by the franchisees, but also their management ability.
The Group will provide a certain amount of training, and even if there is no 100% guarantee of substantial profits, it will still endeavour to provide a certain degree of assistance.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119164
- Joined: Wed May 07, 2008 9:28 am
Re: Yum China 9987
by winston » Thu Nov 02, 2023 8:45 am
not vested
Yum China Holdings Inc (9987 HK)
3Q23: Earnings Missed; Softening Demand Extended Into October
Yum China’s 3Q23 results missed consensus estimates mainly due to foreign exchange impact and higher staff costs.
Management sees recovery to be non-linear, as demand softened in Sep 23 and extended into Oct 23.
According to management, 4Q23 margin may be impacted by a softer demand recovery and wage inflation.
Management kept its updated net new store opening target unchanged, and the company has completed 72-83% of the full-year target as of end-Sep 23.
Source: UOBKH
https://research.uobkayhian.com/content ... c9a8a943a7
Yum China Holdings Inc (9987 HK)
3Q23: Earnings Missed; Softening Demand Extended Into October
Yum China’s 3Q23 results missed consensus estimates mainly due to foreign exchange impact and higher staff costs.
Management sees recovery to be non-linear, as demand softened in Sep 23 and extended into Oct 23.
According to management, 4Q23 margin may be impacted by a softer demand recovery and wage inflation.
Management kept its updated net new store opening target unchanged, and the company has completed 72-83% of the full-year target as of end-Sep 23.
Source: UOBKH
https://research.uobkayhian.com/content ... c9a8a943a7
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119164
- Joined: Wed May 07, 2008 9:28 am
Re: Yum China 9987
by winston » Fri Nov 03, 2023 9:27 am
not vested
YUM CHINA Boosts Aggregate Share Repurchase Authorization to US$3.4B
YUM CHINA (09987.HK) announced that its Board of Directors has increased the Company's share repurchase authorization by US$1 billion to an aggregate of US$3.4 billion.
From 2017 to November 1, 2023, the Company repurchased approximately 36 million shares of common stock for US$1.6 billion.
This increase brings the total remaining authorization to approximately US$1.8 billion.
Related News: CMS Cuts YUM CHINA (09987.HK) TP to $452, Rating Overweight
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
YUM CHINA Boosts Aggregate Share Repurchase Authorization to US$3.4B
YUM CHINA (09987.HK) announced that its Board of Directors has increased the Company's share repurchase authorization by US$1 billion to an aggregate of US$3.4 billion.
From 2017 to November 1, 2023, the Company repurchased approximately 36 million shares of common stock for US$1.6 billion.
This increase brings the total remaining authorization to approximately US$1.8 billion.
Related News: CMS Cuts YUM CHINA (09987.HK) TP to $452, Rating Overweight
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119164
- Joined: Wed May 07, 2008 9:28 am
Re: Yum China 9987
by winston » Thu Feb 08, 2024 6:56 pm
not vested
YUM CHINA(9987)
Analysis：
The financial results of Yum China (9987) in 2023 surpassed the industry`s growth rate and set new records for both revenue and profits.
Total revenues were up 21% year-on-year to US$11 billion excluding F/X.
Full Year System Sales was also up 21%, attributable to 9% net new unit contribution, 7% same-store sales growth and lapping temporary closures from the pandemic in the prior year.
Adjusted Operating Profit grew 86% to US$1.1 Billion and 1,697 net new stores were opened, exceeding the full-year net new store target.
Total number of stores reached 14,644 in over 2,000 cities.
The board declared a 23% increase in cash dividend to $0.16 per share for the fourth quarter of 2023.
Yum China returned approximately US$833 million to shareholders for the full year through share repurchases and cash dividends. This stands as the highest full year return thus far in the Company`s history.
The Company plans to repurchase $1.25 billion of its common stock in 2024.
Joey Wat, CEO of Yum China, remains very positive about the vast growth opportunities in China.
Currently serving just one-third of China`s population, the Company`s ambitious goal is to extend its reach to half of the population by 2026.
Over half of its new stores are located in lower-tier cities, strategically positioned to capture the demand from long-term consumption upgrades there.
The Company is well-positioned to achieve its growth targets for 2024- 2026 and deliver excellent returns to its shareholders through increased cash dividends and stepped-up share buybacks. (I do not hold the above stock)
Strategy：
Buy-in Price: $308, Tar! get Price: $350, Cut Loss Price: $290
Source: Phillips
YUM CHINA(9987)
Analysis：
The financial results of Yum China (9987) in 2023 surpassed the industry`s growth rate and set new records for both revenue and profits.
Total revenues were up 21% year-on-year to US$11 billion excluding F/X.
Full Year System Sales was also up 21%, attributable to 9% net new unit contribution, 7% same-store sales growth and lapping temporary closures from the pandemic in the prior year.
Adjusted Operating Profit grew 86% to US$1.1 Billion and 1,697 net new stores were opened, exceeding the full-year net new store target.
Total number of stores reached 14,644 in over 2,000 cities.
The board declared a 23% increase in cash dividend to $0.16 per share for the fourth quarter of 2023.
Yum China returned approximately US$833 million to shareholders for the full year through share repurchases and cash dividends. This stands as the highest full year return thus far in the Company`s history.
The Company plans to repurchase $1.25 billion of its common stock in 2024.
Joey Wat, CEO of Yum China, remains very positive about the vast growth opportunities in China.
Currently serving just one-third of China`s population, the Company`s ambitious goal is to extend its reach to half of the population by 2026.
Over half of its new stores are located in lower-tier cities, strategically positioned to capture the demand from long-term consumption upgrades there.
The Company is well-positioned to achieve its growth targets for 2024- 2026 and deliver excellent returns to its shareholders through increased cash dividends and stepped-up share buybacks. (I do not hold the above stock)
Strategy：
Buy-in Price: $308, Tar! get Price: $350, Cut Loss Price: $290
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119164
- Joined: Wed May 07, 2008 9:28 am
Re: Yum China 9987
by winston » Tue Apr 30, 2024 1:40 pm
not vested
YUM CHINA 1Q NP Falls 0.7% YoY; Div. US$0.16
YUM CHINA (09987.HK) announced that it recorded a net income of US$287 million for the first quarter ended March 2024, down 0.7% YoY, with diluted EPS of US$0.71.
Core operating profit grew 1% YoY to US$396 million.
OP Margin was 12.6%, down 1.7 ppts YoY.
Total revenues increased 1% YoY to US$2.96 billion, hitting record high.
Yum China's board of directors declared a cash dividend of US$0.16 per share.
Yum China returned approximately US$745 million to shareholders in the first quarter through share repurchases and cash dividends, the highest quarterly return in the Company's history.
Yum China stepped up share repurchases in the quarter totaling 16.6 million shares of common stock for approximately US$681 million.
As of March 31, 2024, approximately US$853 million remained available for future share repurchases.
The Company’s targets for 2024 fiscal year remain unchanged from the prior period's disclosures.
It targets to open approximately 1,500-1,700 net new stores; make capital expenditures in the range of approximately US$700-850 million; and return a Company US$1.5 billion to shareholders through quarterly cash dividends and share repurchases.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
YUM CHINA 1Q NP Falls 0.7% YoY; Div. US$0.16
YUM CHINA (09987.HK) announced that it recorded a net income of US$287 million for the first quarter ended March 2024, down 0.7% YoY, with diluted EPS of US$0.71.
Core operating profit grew 1% YoY to US$396 million.
OP Margin was 12.6%, down 1.7 ppts YoY.
Total revenues increased 1% YoY to US$2.96 billion, hitting record high.
Yum China's board of directors declared a cash dividend of US$0.16 per share.
Yum China returned approximately US$745 million to shareholders in the first quarter through share repurchases and cash dividends, the highest quarterly return in the Company's history.
Yum China stepped up share repurchases in the quarter totaling 16.6 million shares of common stock for approximately US$681 million.
As of March 31, 2024, approximately US$853 million remained available for future share repurchases.
The Company’s targets for 2024 fiscal year remain unchanged from the prior period's disclosures.
It targets to open approximately 1,500-1,700 net new stores; make capital expenditures in the range of approximately US$700-850 million; and return a Company US$1.5 billion to shareholders through quarterly cash dividends and share repurchases.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119164
- Joined: Wed May 07, 2008 9:28 am
Re: Yum China 9987
by winston » Wed May 01, 2024 9:19 am
not vested
KFC, Pizza Hut’s China owner plans stores in country’s ‘untapped’ smaller cities as consumers tighten belts amid slowing economy
Yum China plans to open more stores in ‘untapped’ parts of the country where it hopes its low-price strategy will appeal to less affluent customers
The fast-food giant has been keeping prices low to draw increasingly cost-conscious consumers to boost traffic and revenue amid a slowing economy
by Daniel Ren
Source: SCMP
https://www.scmp.com/business/china-bus ... 0920&tc=15
KFC, Pizza Hut’s China owner plans stores in country’s ‘untapped’ smaller cities as consumers tighten belts amid slowing economy
Yum China plans to open more stores in ‘untapped’ parts of the country where it hopes its low-price strategy will appeal to less affluent customers
The fast-food giant has been keeping prices low to draw increasingly cost-conscious consumers to boost traffic and revenue amid a slowing economy
by Daniel Ren
Source: SCMP
https://www.scmp.com/business/china-bus ... 0920&tc=15
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119164
- Joined: Wed May 07, 2008 9:28 am
Re: Yum China 9987
by winston » Thu May 02, 2024 10:57 am
not vested
Yum China Holdings Inc (9987 HK)
1Q24: Earnings Beat; High Base In 2Q24
Yum China’s 1Q24 earnings beat consensus forecasts by 7% due to better G&A cost savings.
Management sees a similar high base for 2Q24, given the strong demand recovery last year and intense competition.
For 2024, the focus remains on driving traffic growth through smaller ticket size item offerings and marketing campaigns.
KFC recently developed a mini-store model (capex per store: Rmb0.5m) for store expansion
in lower-tier cities, which is expected to enhance cost efficiency.
Source: UOBKH
https://research.uobkayhian.com/content ... e=hs_email
Yum China Holdings Inc (9987 HK)
1Q24: Earnings Beat; High Base In 2Q24
Yum China’s 1Q24 earnings beat consensus forecasts by 7% due to better G&A cost savings.
Management sees a similar high base for 2Q24, given the strong demand recovery last year and intense competition.
For 2024, the focus remains on driving traffic growth through smaller ticket size item offerings and marketing campaigns.
KFC recently developed a mini-store model (capex per store: Rmb0.5m) for store expansion
in lower-tier cities, which is expected to enhance cost efficiency.
Source: UOBKH
https://research.uobkayhian.com/content ... e=hs_email
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119164
- Joined: Wed May 07, 2008 9:28 am
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