The Zhitong Finance App learned that Yum China (09987) rose more than 4% in early trading. As of press release, it rose 4.37% to HK$358.6, with a turnover of HK$120 million.

According to the news, on October 22, Yum China attended the signing ceremony for the 7th batch of key enterprises held by the Hong Kong Special Administrative Region Government Office for the Introduction of Key Enterprises (Introduction Office) at the government headquarters, and officially became a key enterprise to be introduced. The Group has now opened 5 Lavazza coffee shops in Hong Kong and plans to double the number to around 10 in the next few months.

Haitong International said that Yum China's stock price has reflected recent operating pressure. We expect the company's total revenue to be about US$3.46 billion in the third quarter, and same-store sales to change to -1%. Mainly due to last year's high takeout subsidy base, compounded by weather effects such as summer mismatches and the East China typhoon in August, the company added promotional hedging later; we expect 4Q26 to return to a slight increase as the base falls, and the same store will still fall within the 0-2% guidance range throughout the year.

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