** Collins Foods CKF.AX slips 1.2% to A$10.67
** Citi flags signs of rising competitive pressure for Australia's KFC operator post McDonald's MCD.N Q3 results
** However, says Collins Foods strong execution shields recent sales performance from impact
** Views co's expectations as "conservative"; expects no imminent share price risk
** YTD, CKF gains 47%
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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