Goldman Sachs: Maintains Buy rating on Yum China (09987.HK), target price at 447 Hong Kong dollars.

According to the Wisdom Financial APP, Goldman Sachs released a research report stating that Yum China Holdings (09987.HK) exceeded expectations in the second quarter profit, and believes that the market may be waiting for a more positive tone in the third quarter same-store sales outlook with increased subsidies from delivery platforms. The report pointed out that the cautious sales guidance for Yum China is based on various successful promotional activities, platform subsidy policies, changing macroeconomic environment, and management's balance of business opportunities and pricing opinions in the third quarter of 2024. It is believed that the company's past performance records can still lead to healthy growth prospects. The rating is maintained as "Buy" with a target price of HK$447.