|Bid||49.09 x 1000|
|Ask||49.82 x 1000|
|Day's Range||49.77 - 50.60|
|52 Week Range||33.82 - 50.74|
|Beta (5Y Monthly)||1.20|
|PE Ratio (TTM)||27.79|
|Earnings Date||Feb 04, 2020|
|Forward Dividend & Yield||0.48 (0.97%)|
|Ex-Dividend Date||Nov 23, 2019|
|1y Target Est||52.36|
Dec.18 -- Sunny Bangia, deputy portfolio manager at Antipodes Partners, talks about Chinese stocks and the yuan. He speaks with Paul Allen and Shery Ahn on "Bloomberg Daybreak: Australia."
Almost two years to the day that U.S. President Donald Trump first imposed tariffs on imported washing machines and solar panels, the U.S. and China have officially completed a "phase one" trade deal. At the top of the list of trade deal winners is U.S.-listed Chinese stocks. The trade war has weighed on Chinese economic growth, and a weak Chinese economy is bad news for all Chinese stocks, not just those that do business with the U.S.
(Bloomberg) -- Yum China Holdings Inc. is working with China International Capital Corp. and Goldman Sachs Group Inc. on the preparations of a second listing in Hong Kong, fueling the wave of U.S.-listed Chinese companies returning to a market that’s closer to home.The operator of Pizza Hut and KFC restaurants in China is working with the banks on the share sale, according to people familiar with the matter. The listing could take place as soon as this year, said the people, who asked not to be identified as the information is private.A successful share sale by New York-listed Yum China would bolster Hong Kong’s push to lure marquee Chinese firms to raise funds in a city that has been shaken by months of pro-democracy protests. It could also be a vote of confidence in the financial hub’s future. Hong Kong Exchanges & Clearing Ltd. has said it’s seeing a spike in inquiries about second listings from Chinese companies after Alibaba Group Holding Ltd.’s $13 billion share sale in November.The HKEX is discussing with Chinese technology firms including Trip.com Group Ltd. and NetEase Inc. for possible share sales in the city, people with knowledge of the matter told Bloomberg News earlier this month.Read: Bankers Predict More Big Asia IPOs After Best Quarter Since 2010Yum China was spun off from Louisville, Kentucky-based Yum! Brands Inc. in 2016. The unit, which also operates Mongolian hotpot chain Little Sheep as well as Taco Bell in China, had more than 8,900 restaurants across the world’s second-largest economy as of the end of September. It hired about 450,000 people in the country, according to its latest presentation.The company in August agreed to buy a controlling stake in Huang Ji Huang Group, a Chinese-style simmer pot restaurant operator. Yum China rejected a buyout offer from an investor group led by Hillhouse Capital Corp. in 2018, Bloomberg News reported at that time.Read: Yum China Faces Challenges with Chicken Prices, Pizza HutShares of Yum China have risen 88% since its 2016 debut, outperforming the 60% gain in Dow Jones Industrial Average.IFR reported last week that Yum China is considering a listing in Hong Kong which could raise as much as $2 billion, citing unidentified people.Details of Yum China’s proposed offering could still change as deliberations are at an early stage, the people said. A representative for Goldman Sachs declined to comment, while representatives for Yum China and CICC didn’t respond to requests for comment.\--With assistance from Rachel Chang.To contact Bloomberg News staff for this story: Vinicy Chan in Hong Kong at email@example.com;Dong Cao in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Fion Li at email@example.com, Anto AntonyFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Yum China (YUMC) banks on innovation, digital enhancement and strong brand recognition for growth. However, high costs are concerning.
Restaurant operator Yum! Brands, Inc. (NYSE: YUM ) expanded its portfolio with the $375-million acquisition of Habit Burger Grill this week. Here's a look back at other notable M&A deals throughout Yum ...
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
Universal Beijing Resort and Yum China Holdings, Inc. (NYSE: YUMC) today announced an eight-year strategic partnership to jointly provide fun and innovative entertainment and dining experiences across China.
(Bloomberg) -- Yum! Brands Inc., the owner of Taco Bell, Pizza Hut and KFC, is adding hamburgers to its lineup with a $375 million deal to buy Habit Restaurants Inc.Yum announced Monday an agreement to acquire Irvine, California-based Habit, which sells chargrilled burgers, ahi tuna sandwiches and milkshakes from about 300 locations, mostly company owned, in the U.S. and China.Habit Burger represents a new niche for Yum: Fast-casual. The format, typically more expensive than McDonald’s and Burger King, still has drive-thru windows and competes with chains like Shake Shack and Five Guys. Habit has also added self-ordering kiosks.The acquisition is expected to close by the end of the second quarter. Habit Burger will remain in Irvine with current Chief Executive Officer Russell Bendel staying on and reporting to Yum CEO David Gibbs. Bendel said recently that Habit had expanded its presence in China to seven locations and has seen interest from other potential international franchisees. The chain is also opening restaurants in Cambodia.“There seems to be a lot of appeal of the concept in Asia,” Gibbs said in an interview. “China is a good opportunity. They already have a good start there.”Yum spun off its China division, Yum China Holdings Inc., in 2016 and the operator is one of the nation’s largest restaurant companies.The deal, which will be financed with cash and available credit, also reflects the increasingly crowded U.S. restaurant market. The fast-casual format continues to grow in appeal as fast-food chains vie for customers with steep discounts, and higher labor costs compress profit margins. Yum sees Habit growing mostly with franchising, Gibbs said, and will tap into its existing franchisee base to open new stores.Yum has shown willingness to buy and invest in other companies in recent years: It purchased a stake in delivery specialist Grubhub Inc. in 2018 and acquired QuickOrder, which makes software for online ordering.While Habit is dwarfed by Yum’s other brands, there are benefits to buying a smaller chain, Sanford C. Bernstein analyst Sara Senatore said in a note.“Yum has been intimating that it would be receptive to an acquisition,” she said. “We believe starting small is appropriate to mitigate risk and prove out the company’s ability to successfully integrate and grow a concept.”Yum shares fell 0.3% to $101.52 at 12:18 p.m. in New York trading. The stock rose 9.6% last year, trailing the S&P 500 Index.(Updates with CEO comments in fifth paragraph)To contact the reporter on this story: Leslie Patton in Chicago at firstname.lastname@example.orgTo contact the editors responsible for this story: Sally Bakewell at email@example.com, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Yum China Holdings, Inc. (YUMC) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today announced the opening of their first franchised gas station restaurants in collaboration with both China Petrochemical Corporation ("Sinopec") and China National Petroleum Corporation ("CNPC"). These openings follow an announcement made at Yum China's Investor Day in March 2019 declaring that Yum China would develop franchised restaurants at Sinopec and CNPC gas stations across China.
The "phase one" trade deal announced by the U.S. and China Friday saw many stocks jump, with investors breathing a sigh of relief as the U.S. pulled back on $160 billion in new tariffs that were ...
Yum China Holdings, Inc. ("Yum China") (NYSE: YUMC) today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2019 at 4:30 p.m. U.S. Eastern Time on Wednesday, February 5, 2020 (5:30 a.m. Beijing/Hong Kong Time on Thursday, February 6, 2020).
There’s Star Wars, there’s the Cola Wars, and these days, we all know about the Trade Wars. The US and China have been at loggerheads for the last two years as the economic superpowers fight it out on the international stage. Will they ever reach an agreement, won’t they? It has started to resemble a soap opera.Apart from the continuous trade battle, China has had other issues to deal with; its ever-growing economy has been showing signs of slowing down, and the ongoing protests in Hong Kong have been a concern for democratic nations across the globe.With all the noise in the background, and with recent rumors Chinese stocks will be delisted from US stock exchanges exerting more downward pressure, Goldman Sachs unearthed some interesting findings. The key takeaway was that the hedge funds are actually increasing exposure to Chinese stocks with a collective of $2.1 trillion in equity positions.Since August, when trade tensions started to cool down, companies with big China exposure have beaten the market, with Goldman saying their firms with the most amount of sales in China outperformed the S&P 500 by 7%, providing 17% returns over the last 3 months.With this in mind, we took advantage of TipRanks’ Stock Screener to zoom in on 3 Chinese stocks that are Buy-rated, and ones specifically set for gains in the 12 months ahead.Baidu (BIDU)First off to Beijing, which is home to Baidu, the company everyone likes to call ‘The Google of China’, for good reason, too. Baidu ranks as the fourth largest website in the world and has the second largest search engine. It was also the first Chinese company to list on the NASDAQ-100 index.The internet giant, though, has a had rough year in the market. In May, following a horrible second-quarter report and a perfect storm of increasing competition, a struggling local economy, and the ongoing U.S.-China trade war, the company lost 33% of its value. It is down by 27% year-to-date. However, after a solid Q3 report, the Chinese search engine leader started showing signs of life. So, this naturally begs the question: is the bottom in for Baidu?Oppenheimer’s Jason Helfstein believes so. Noting Baidu’s strong 3Q, and the stabilization of its core business, the 5-star analyst said, “As the No. 1 search engine in China, BIDU benefits from limited search competition. Meanwhile, large ecommerce, mobile communication, and content platforms have been aggressively competing for consumer attention, weighing on BIDU growth and margins. However, we are now seeing competitive pressure subsiding and management has reduced investments to stabilize margins, making the stock a better value play.”To this end, Helfstein upgraded his rating to Outperform and set a price target of $145, indicating potential upside of 25%. (To watch Helfstein’s track record, click here)All in all, the rest of the Street’s take is a bit more varied. With 11 Buy ratings and 4 Holds over the previous three months, the internet giant is a ‘Moderate Buy." Its $140.21 average price target brings upside potential of 22%. (See Baidu stock analysis on TipRanks)Huya (HUYA)Moving on now, we turn our attention to Guangzhou, which houses the headquarters of live streaming platform, Huya.The platform’s primary focus is gaming and eSports, though it has been broadening its remit by adding reality shows, musical performances, and animated content to the platform.The company is expanding internationally, and currently has 17 million monthly active users outside China, and has set its sights on 20 million by the end of the year. A driving force propelling it forward is the Huya-owned Nimo TV, a Spanish language live streaming platform with markets predominantly in Latin America. There are half a billion Spanish speakers worldwide, a huge market for Nimo TV to tap into.With a strong Q3 report displaying beats across the board, and with total revenue coming in 5% higher than estimates, Credit Suisse’s Kenneth Fong is impressed, noting, “We view HUYA as the leader in the online game live-streaming market in China—it can further ride on this secular tide of online-game live-streaming popularity and medium-term industry structural drivers from 5G network upgrade and cloud-gaming.”Following the analyst’s positive evaluation, Fong maintained an Outperform rating and raised his price target from $28.50 to $30. This implies a handsome increase of 65% from the current share price. (To watch Fong’s track record, click here)Though not many have weighed in with an opinion on Huya in the last 3 months, those who have are singing its praises loudly. Overall, three out of four analysts rate the Chinese streamer a Buy, while the average price target stands tall at $27.05. (See Huya stock analysis on TipRanks)Yum China Holdings (YUMC)Our Chinese expedition finishes in Shanghai, home to fast food restaurant company, Yum China, and no, that’s not what Trump said following his first KFC on Chinese soil.We say that because YUMC owns KFC and Pizza Hut in China and it has built a strong presence across the country. Specifically, KFC outlets are opening in smaller cities at a faster pace than the company expected due to the demand foraffordable meals and the ability to turn a quick profit from these locations. Yum China is still coming to grips with demand: last year’s target of 350 new outlets was eclipsed by the eventual opening of 556.HSBC’s Lina Yan believes Yum is a ‘highly efficient operator’ and thinks ‘Yum China can expand even faster than many investors think’.The analyst noted, “An impressive return on invested capital (ROIC) indicates the company’s efficiency. We see this increasing to 68.5% in 2021e from 59% in 2018, driven by increases in what is already a stand-out asset turnover ratio (6.8x last year). Globally, quick service restaurants are gauged on ROIC rather than growth, as a higher ROIC supports higher investor returns. For Yum China, the difference is that it simultaneously generates strong growth. If we are right about rising demand for fast food in China, its valuation multiples should be rewarded on both fronts.”With this glowing assessment, Yan initiated coverage on YUMC stock with a Buy rating, and a price target of $58.10, implying 28% upside from current levels.Currently YUMC has a Strong Buy consensus rating from the Street, with all 3 analysts tracked over the last 3 months rating the stock a Buy. An average price target of $56.35 indicates a potential 26% increase from its current share price. (See Yum stock analysis on TipRanks)
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today announced that the Top Employers Institute has certified the Company as a Top Employer China for 2020. This is the second year in a row that Yum China has received the award. The global certification program recognizes leading employers in more than 115 countries around the world that are dedicated to providing exceptional working environments through progressive 'People First' HR practices.
Yum China (YUMC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
It looks like Yum China Holdings, Inc. (NYSE:YUMC) is about to go ex-dividend in the next 2 days. Investors can...
Yum China Holdings (YUMC) gains from expansion plans and sales building initiatives amid an industry that is increasingly plagued with high cost of operations.
In this article we are going to estimate the intrinsic value of Yum China Holdings, Inc. (NYSE:YUMC) by estimating the...