I believe humans are creatures of habits and drinking habits once formed are hard to change ,at least for most people.
Try this on your own, experiment with a new beverage in your country for an entire month and see how it influences your mood and behaviour. You starts to form a new belief, like it more and more as time passes and you stick to it OR you hate it by the day and swear never to drink it again.
We all know that the F&B industry is a cut throat industry where new menus and players are emerging faster than you can imagined. Yum China has an advantage, being a big player. It could buy its sources much cheaper than others , achieving economies of scale.
I plan to nibble on this stock next week banging on the opening of China businesses, especially Tier 1 cities like Beijing and Shanghai, the domestic tourism is recovering faster than expected and the acceptance by more locals over Fast food in China.
Try this on your own, experiment with a new beverage in your country for an entire month and see how it influences your mood and behaviour. You starts to form a new belief, like it more and more as time passes and you stick to it OR you hate it by the day and swear never to drink it again.
We all know that the F&B industry is a cut throat industry where new menus and players are emerging faster than you can imagined. Yum China has an advantage, being a big player. It could buy its sources much cheaper than others , achieving economies of scale.
I plan to nibble on this stock next week banging on the opening of China businesses, especially Tier 1 cities like Beijing and Shanghai, the domestic tourism is recovering faster than expected and the acceptance by more locals over Fast food in China.
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added some last night
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added more last night
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added more at 42.50 recently
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Praise God
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Those who keen to go LONG can wait for pullback at 51.95 price level .Notice the last 2 weeks closing candles are not too bullish with sellers pushing down the price
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Praise the Lord! It has come up nicely to the profit target but I ain't selling. For those short term traders, this could be your exit point.
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added some more
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Going to add more at 50-51 price range , strong support