Based on similar news that China is re-opening to the world, it's expected that more people's movement will lead to more spending on leisure like eating out.
According to Bloomberg, Morgan Stanley Joins Goldman in Bullish Call on Chinese Assets.
As it's possible we're late for this news, the trade could be late, but as the suggested company is fundamentally sound, there could be a possible opportunity.
Yum China Holdings, NYSE: YUMC, is a chain restaurant that owns franchises like KFC and Pizza Hut in China. Despite the Covid restriction, the company's
Total revenues increased 5% year over year to $2.68 billion from $2.55 billion (an 11% increase excluding foreign currency translation (“F/X”)).
Operating Profit increased 77% year over year to $316 million from $178 million.
According to Bloomberg, Morgan Stanley Joins Goldman in Bullish Call on Chinese Assets.
As it's possible we're late for this news, the trade could be late, but as the suggested company is fundamentally sound, there could be a possible opportunity.
Yum China Holdings, NYSE: YUMC, is a chain restaurant that owns franchises like KFC and Pizza Hut in China. Despite the Covid restriction, the company's
Total revenues increased 5% year over year to $2.68 billion from $2.55 billion (an 11% increase excluding foreign currency translation (“F/X”)).
Operating Profit increased 77% year over year to $316 million from $178 million.
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