HK Stock Market Move | YUM CHINA (09987) rises over 4%; Goldman Sachs recently raised the company's target price and net profit forecast.

YUM CHINA (09987) rose over 4%, up 4.14% as of press time, at HK$337.2, with a turnover of HK$87.7011 million. On the news front, Goldman Sachs noted in a recent research report that it raised YUM CHINA's 12-month target price from HK$459 to HK$467, maintained a "Buy" rating (Conviction List), and slightly raised the company's net profit forecasts for 2026 to 2028 by about 1% to 2%. YUM CHINA is expected to announce its third-quarter 2026 results in early November, with sales, restaurant profit, and operating profit during the period growing 9.3%, 9.2%, and 10.4% year-on-year respectively, or 3.4%, 3.3%, and 4.5% respectively in constant currency terms. YUM CHINA's second-quarter total revenue grew 13% year-on-year to US$3.1 billion; operating profit rose 14% year-on-year to US$348 million; net profit increased 14% year-on-year to US$244 million. In August this year, the company announced that it had completed the US$1.2 billion acquisition of the ownership of the Pizza Hut brand in mainland China from Yum! Brands.