|Bid||0.00 x 800|
|Ask||0.00 x 2200|
|Day's Range||35.19 - 35.57|
|52 Week Range||30.10 - 48.75|
|PE Ratio (TTM)||27.92|
|Earnings Date||Oct 8, 2018 - Oct 12, 2018|
|Forward Dividend & Yield||0.40 (1.23%)|
|1y Target Est||41.90|
Hillhouse Capital, an investor in top Chinese technology firms including Tencent and Baidu, has closed its latest funding round at $10.6 billion, it said, making it the region's biggest private equity capital raising. The new fund, Hillhouse Fund IV, will look for investment opportunities across the healthcare, consumer, technology and services sectors globally, with a focus on Asia, the company said in a statement on Wednesday. Hillhouse's $10.6 billion fundraising exceeded the $9.3 billion raised by private equity firm KKR & Co's Asia-focused buyout fund in June 2017, which was a record for the region at that time.
On Tuesday, Yum China (NYSE:YUMC) became one of the markets’ worst performers, with its shares sinking more than 13%. Since its January opener, Yum China stock has given up more than 18% in equity value. As InvestorPlace writer Karl Utermohlen reported, a company that previously expressed interest in buying out YUMC stock apparently reneged on the idea.
Netflix helped the Nasdaq rally again, but is still in base-building mode. Software play New Relic gained sharply. Oil stocks led.
NEW YORK, NY / ACCESSWIRE / September 12, 2018 / Food related stocks GrubHub and Yum China Holdings were two of the most active stocks in the market on Tuesday. Despite any news, GrubHub soared to a brand new high. Shares of Yum China Holdings were in the red as traders reacted to a report that indicated there is no more buy out of the company.
It looks like one potential suitor to take the Chinese operator of KFC and Pizza Hut private is walking away from the negotiating table.
The company’s shares reached a 17-month low as Hillhouse Capital is no longer seeking to buy Yum China, which operates fast food restaurants such as Pizza Hut, KFC and Taco Bell in China. Yum China was birthed after it was spun off from Yum Brands (NYSE:YUM) in October 2016 as it was losing market share due to changing tastes in the region, as well as growing competition from local restaurants and chains. The chain has been unable to reel in a younger audience to its Pizza Hut locations, despite major efforts such as a new menu, an overhaul of its mobile app and the addition of celebrities to promote its U.S. brand.
A consortium of investment firms, including China-based Hillhouse Capital and China's sovereign fund, decided against pursuing an acquisition of Yum China. Talks between the parties were initially reported in late July, but business and macro conditions have since worsened, Bloomberg News' Manuel Baigorri said Tuesday morning on Bloomberg TV. Many of Yum Brands China's restaurant operators are "suffering" from poor sales and the China-U.S. trade war certainly doesn't ease concerns, Baigorri said.
Shares of Yum China Holdings Inc. plummeted 15% toward a 17-month low in active trade Tuesday, to pace the NYSE's decliners, after Bloomberg reported that Hillhouse Capital was dropping its pursuit of operator of Pizza Hut and KFC fast-food restaurants in China. Volume ballooned to 7.6 million shares, already more than double the full-day average. The investor group, which includes KKR & Co. , decided to not continue pursuing the deal after the initial proposal was rejected, the report said, citing people with knowledge of the matter. The company, which was spun off from Yum Brands Inc. in October 2016, had a market capitalization of about $14.1 billion as of Monday's stock closing price. Yum China's stock has tumbled 25% over the past three months, while Yum Brands shares have gained 5.9% and the S&P 500 has tacked on 3.5%.
Haidilao International Holding, one of China's most popular hotpot chains, is seeking to raise up to $963 million (739.24 million pounds) in its Hong Kong initial public offering to fund its international expansion into markets including the UK and Canada. Zhou Zhaocheng, Haidilao's chief strategy officer, told a press conference in Hong Kong on Tuesday that the company plans to open roughly 200 new restaurants in 2018, between 15 and 20 of which would be outside China. Haidilao already operates in Japan, South Korea, the United States, and Singapore, but Zhou said that it was also planning to tap new markets, in particular the UK, Australia, Canada and Malaysia.
A Chinese consortium including Hillhouse Capital is planning to drop its pursuit to take over the operator of KFC and Pizza Hut restaurants in China, Bloomberg reported. The interest in Yum China Holdings Inc. fell away after the group’s initial bid was rejected and the would-be investors deemed that business conditions for the fast-food chain and China’s macroeconomic picture have worsened, according to people with knowledge of the matter. Chinese consumer spending is softening.
A Chinese consortium including Hillhouse Capital is planning to drop its pursuit of a takeover of Yum China Holdings Inc., the $14 billion operator of KFC restaurants in the world’s most populous nation, people with knowledge of the matter said. The investor group, which also included KKR & Co. and China’s sovereign wealth fund, has decided not to continue pursuing a deal after its initial proposal was rejected, the people said, asking not to be identified because the information is private. The consortium judged that Yum China’s business conditions have worsened since its approach, limiting the scope for further negotiations, according to the people.
SHANGHAI , Sept. 5, 2018 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or " Yum China ") (NYSE: YUMC) today announced that Joey Wat , CEO of Yum China , will present at the ...
If you are currently a shareholder in Yum China Holdings Inc (NYSE:YUMC), or considering investing in the stock, you need to examine how the business generates cash, and how itRead More...
China’s once voracious appetite for American fast food is waning as consumers are lured away by emerging domestic chains and food-delivery apps. Inc. spun off its China business, sales growth is slowing at its KFC and Pizza Hut outlets in China, as homegrown rivals target young people and an army of motorcycle couriers make available greater takeout choices.
Yum China (YUMC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The rejection of a US$17.6bn bid for fast-food group Yum China Holdings has dealt a blow to Asia's leveraged finance market, which had been eyeing a big payday from China's biggest private equity buyout. Yum China last week rejected a mooted offer of US$46 a share from a consortium led by Chinese investment firm Hillhouse Capital Group.
Regional investment firm Baring Private Equity Asia's real estate arm on Thursday announced the final closing of a $1 billion Asian real estate fund, its second and biggest to date. Baring's second pan-Asia Pacific real estate fund will focus on total or partial equity investment as well as lending opportunities to real estate projects across the region. The new fund has already made its first investment in Forest Logistics, a logistics operating platform in China for about $300 million, said Mark Fogle, Baring's head of real estate.
U.S. indices had a strong day of trading Wednesday with the Nasdaq and S&P 500 closing the day at new record highs and the Dow Jones Industrial rising trading near a 7 month high. The Dow rose 0.23%, or 61 points to 26,125, while the S&P gained 0.57%, or 17 points to 2,914, and the Nasdaq closed the day up 0.99%, or 80 points to 8,110.
In this bull market, investors have clearly preferred growth stocks to value stocks. The Restaurant Finance Monitor Stock INDXX — which includes quick-service, fast casual, and full service restaurant stocks — has gained over 700% from crisis-era lows. Admittedly, some of the gains come from the fact that restaurant stocks, in particular, were clobbered in the bear market of 2008-09.
Micky Pant, Yum China vice chairman and former CEO, discusses how the trade tensions between the U.S. and China is impacting the fast food giant.