Changes in Hong Kong stocks | Yum China (09987) rose more than 3%, and the current stock price level has bottomed out and reaffirmed that the company is the first choice among Chinese restaurant stocks

The Zhitong Finance App learned that Yum China (09987) rose more than 3%. As of press release, it had risen 3.17% to HK$345, with a turnover of HK$133 million.

According to the news, Yamato released a research report stating that after reviewing the “11th” Golden Week data in September and early October, it continues to be optimistic about Yum China in the Chinese restaurant sector; the company's stock price has declined by about 17% since mid-August, believing that the stock price level has bottomed out, and reiterated that it is the preferred stock in the Chinese restaurant stock market. According to the report, Yum's same-store sales in China may have declined slightly in the third quarter, but the market may have reflected relevant factors, including the impact of McDonald's and G-Dragon PEACEMINUSONE's joint promotion at about 7,000 stores in China from October 8 to November 3, and the opening of a new Tustin crepe brand focusing on the “Chinese Burger.”