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China's financial landscape shifts with state insurer investments and bank performance
UBS has set a target price of $4.7 for Bank of China (03988.HK), citing improved net interest margins from overseas business compared to peers. Meanwhile, Goldman Sachs highlights APAC stocks with a focus on Chinese shareholder returns, including BYD, Tongcheng Travel, Yum China, and others. Additionally, Morgan Stanley reports that the CSRC is encouraging major state-owned insurers to allocate 30% of new premiums to A-shares, with Chinese banks seen as primary investment options.
Deutsche Bank lowers Yum China target but maintains buy rating amid growth prospects
Deutsche Bank has lowered its price target for Yum China Holdings to $54.30 while maintaining a Buy rating, citing strong financial health and an attractive P/E ratio. The company is expected to benefit from recent menu price increases and effective cost control measures, with plans for significant shareholder returns and expansion through new store openings. Yum China's upcoming analyst briefing on February 6, 2025, will provide further insights into its financial performance and growth strategies.
Deutsche Bank lowers Yum China price target to 54.30 amid margin outlook
Deutsche Bank analyst Han Zhang has lowered the price target for Yum China Holdings (NYSE: YUMC) from $57.00 to $54.30. Despite this adjustment, the analyst believes that the company's margin uptrend will remain intact through 2025.
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