China Market Update: Services PMI Beats As Premier Li Signals Economic Policy Support [Forbes]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: Forbes
region, while Japan, the Philippines, and Thailand had good days, and South Korea underperformed. Starting with today's macroeconomic tailwinds, though, we'll get into the microeconomic/stock-specific movers. Yesterday, we wrote about the NPC agenda item on addressing local government's hidden debts, though that clearly was released after the close as it was front page news going into Tuesday trading. Further positive news came from the mid-morning release of the Caixin Services October PMI, which rose to 53 from September's 50.3, beating economist expectations of 50.5. As a diffusion index, readings above 50 translate to positive month-over-month improvement. S&P Dow Jones conducts the Caixin survey, so don't buy into the “they just make the number up” nonsense. Hat tip to my colleague Fernando for pointing out that the Citi China Economic Surprise Index rebounded back into positive territory after a strong improvement since the start of stimulus in late September. Premier Li add
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YUMC
News
- Yum China Holdings, Inc. (NYSE: YUMC) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $60.00 price target on the stock, up previously from $35.50.MarketBeat
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- Yum China Holdings (NYSE:YUMC) Reports Strong Q3 Earnings with 14% Growth and International Demand Surge [Yahoo! Finance]Yahoo! Finance
- Why Is Yum China (YUMC) Stock Soaring Today [Yahoo! Finance]Yahoo! Finance
- Why Yum China Stock Jumped Back Up Today [Yahoo! Finance]Yahoo! Finance
YUMC
Earnings
- 11/4/24 - Beat
YUMC
Sec Filings
- 11/5/24 - Form 144
- 11/4/24 - Form 8-K
- 10/23/24 - Form SC
- YUMC's page on the SEC website