Guangda Securities: Maintains a "buy" rating on Yum China Holdings Inc. (09987.HK) with both core brands still having growth potential in channel sinking.

According to the Wisdom Financial APP, Guotai Junan Securities released a research report stating that it maintains a net profit forecast of 10.02/10.74 billion US dollars for Baidu China (09987.HK) in 2026-2027, equivalent to an EPS of 2.53/2.77/2.97 US dollars in 2025-2027. The current stock price corresponds to a PE ratio of 17x/16x/15x for 2025-2027. The company is a leading Western fast food enterprise with strong digital and supply chain capabilities. Its two core brands still have growth potential in channel penetration. The recommendation is to "buy".