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G Sachs Raises YUM CHINA (09987.HK)TP to $436 on Resilient 3Q Results
2025-11-05 11:30:05
Despite a weak overall consumption environment, YUM CHINA (09987.HK)(YUMC.US) delivered resilient and solid 3Q25 results, in line with expectations, according to Goldman Sachs' research report.

Although 2024 base was relatively high, the management still targeted 4Q25 same-store sales growth to be similar to 3Q25. Furthermore, while the increased proportion of food delivery put pressure on labor costs, the Company maintained stable profit margins thanks to product innovation and ongoing improvements in operational efficiency.

Therefore, the broker reiterated rating at Buy for YUM CHINA, and raised its target price for YUM CHINA's H-shares/ US stock from $413/ US$53 to $436/ US$56. Goldman Sachs also maintained its FY2025-2027 net profit forecasts largely unchanged.
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AASTOCKS Financial News
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