Core Viewpoint - Nomura forecasts Yum China’s full-year revenue to grow by 4% year-on-year to $11.7 billion, with normalized profit expected to increase by 2% to $930 million, indicating a resilient business performance and stable fundamentals [1] Group 1: Financial Performance - Yum China’s revenue is projected to reach $11.7 billion for the year, reflecting a 4% year-on-year growth [1] - Normalized profit is anticipated to grow by 2% to $930 million [1] Group 2: Business Strategy - The company continues to enhance customer loyalty through product innovation and cultural relevance [1] - A recent product launch, the limited edition Huangmen Chicken Rice priced at 14.9 yuan, has sparked consumer enthusiasm [1] - Yum China is collaborating with various IPs to penetrate different consumer demographics [1] Group 3: Market Outlook - The company is expected to achieve a mid-single-digit percentage growth target for system sales in the second half of the year [1] - Nomura maintains a "Buy" rating on Yum China with a target price of 432 HKD [1]
大行评级丨野村：维持百胜中国“买入”评级 预期业务持续保持强韧