On August 3, YUM CHINA rose 3.38% in regular trading, trading at 386.2 HKD/share, with turnover of approximately 76.26 million HKD.

On the news front, the company recently reported Q2 results that exceeded market expectations, while confirming the imminent completion of its Pizza Hut brand acquisition in mainland China. Q2 total revenue grew 13% year-over-year to $3.1 billion, net profit rose 14% to $244 million, and diluted EPS surged 21% to $0.70 — all surpassing consensus estimates. Net new store openings reached 560 in the quarter, a record high for any Q2 period, representing 67% year-over-year growth.

The company expects to complete its $1.2 billion cash acquisition of Pizza Hut brand ownership in mainland China in August, with accelerated store openings planned starting next year. Morgan Stanley reiterated its Overweight rating with a $60 target price, projecting 10% and 15% compound annual growth in operating profit and EPS respectively through 2027. Additionally, the company continues its share repurchase program, having cumulatively bought back over 4.2 million shares.

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