Nomura: Yum China is expected to achieve sustained growth, raising the company's target price to HK$445.00.

Nomura analysts report that Yum China may achieve sustained profitability growth in the fiercely competitive food and beverage market in China. These analysts believe that this growth may come from increased delivery sales, more digital orders, and an expansion of the loyalty membership base. They have revised their revenue and profit forecasts for Yum China for 2025-2027 by 2-3%, as they expect growth in same-store sales and improvement in profit margins in the second half of the year. Nomura has raised its target price for Yum China's listed stock in Hong Kong from 438.00 Hong Kong dollars to 445.00 Hong Kong dollars, and maintains a buy rating.