Grain Association October 28 | Yum China (YUMC.US) pre-market trading on US stocks rose 2.57% to $44.75. In terms of news, Yum China will announce its third quarter results after the market closes on November 4. China International Capital Corporation report indicates that its adjusted net profit for the third quarter is expected to increase by 14% year-on-year, mainly due to the investment income from its stake in Meituan-W and the impact of RMB appreciation against the US dollar. Considering the recent policy boosting market sentiment, as well as extending the valuation basis to 2025, the target price for US stocks has been raised by 24% to $52, maintaining an "outperform the industry" rating. (Grain Association)
美股异动丨百胜中国盘前涨2.57% 中金料其Q3经调整纯利同比增14% 升其目标价至52美元
U.S. stock market anomaly: yum china rose 2.57% in pre-market trading, with CICC expecting its Q3 adjusted net profit to increase by 14% year-on-year and raising its target price to $52.
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