The Zhitong Finance App learned that Morningstar released a research report stating that it maintains a fair value forecast of HK$600 per share for Yum China (09987.HK), believing that the current stock price is 40% discounted compared to fair value, and the valuation is clearly undervalued. The agency's previous valuation model was incorporated into the company's plans to accelerate expansion in low-tier cities and Pizza Hut's business.

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