Core Viewpoint - Yum China Holdings, Inc. announced the grant of equity incentives under its 2022 Long-Term Incentive Plan, involving stock appreciation rights, restricted stock units, and performance stock units to several recipients, including its CEO [1] Group 1: Equity Incentives - The company granted a total of 190,046 stock appreciation rights and 477,790 restricted stock units, with 86,282 restricted stock units awarded to CEO Joey Wat [1] - Additionally, 305,204 performance stock units were granted, with 103,538 units specifically awarded to Joey Wat [1] Group 2: Board Appointments - The company disclosed that Wei Zhe was appointed as a member of the Nomination and Governance Committee, effective December 12, 2025 [1] - On the grant date, the company awarded 86 shares to Wei Zhe as part of his compensation for serving on the committee from December 2025 to May 2026, calculated on a pro-rata basis [1]

同日，公司耗资770.82万港元回购1.79万股，每股回购价427.2-438.8港元。 格隆汇2月15日丨百胜中国(09987.HK)公告，2月13日耗资300万美元回购5.46万股，每股回购价54.33- 55.37美元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 百勝中國控股有限公司("本公司") 第 1 頁 共 10 頁 v 1.3.0 | 2). | 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 | 2,452 | 0 % | USD | 55.42 | | | --- | --- | --- | --- | --- | --- | --- | | | 而發行新股或轉讓庫存股份 - 涉及新股 | | | | | | | | 公司採納的長期激勵計劃項下的授予而發行的股票 | | | | | | | | 變動日期 2026年2月13日 | | | | | | | | 於下列日期結束時的結存 (註5及6) 2026年2月13日 | 354,397,981 | | 0 | | 354,397,981 | | | B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) | | | | | | | 1). | 於2025年12月4日在香港購回之股份 | 52,750 | 0.01 % | H ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 | 授出股權激勵類別： | 股票增值權 | 限制性股票單位 績效股票單位 | | --- | --- | --- | | 授出股權激勵數目： | 190,046份 | 477,790份，其中 305,204份 ， 其 中 | | | | 86,282份授予本公司 103,538份授予屈 | | | | 首席執行官及董事 女士 | | | | 屈翠容女士（「屈 | | | | 女士」） | | 承授人人數： | 229 | 1,013，包括682名餐 57 | | | | 廳經理 | | 行使價及行使期： | 每份股票增值權為 | 不適用。 | | | 57.95美元。每份股 | | | | 票增值權將可於授 | | | | 出日期後十(10)年 | | | | 期間行使。 | | | 承授人身份： | 承授人為並非本公 | 承授人為屈女士、本公司高級管理人 | | | 司或其附屬公司的 ...

Economic Indicators - The latest CPI data from the US shows a decrease in the annual rate from 2.7% to 2.4%, the lowest since May 2025, with market expectations at 2.5% [1] - The core CPI annual rate fell from 2.6% to 2.5%, marking the lowest level since March 2021, aligning with market expectations [1] - Following the CPI release, the probability of the Federal Reserve easing policies in June increased from 63% to 69%, with a 50% chance of a third rate cut this year [1] Stock Market Performance - The three major US stock indices showed mixed results, with the Dow Jones up 0.1%, S&P 500 up 0.05%, and Nasdaq down 0.22% [2] - Over the week, the Dow Jones fell by 1.23%, S&P 500 by 1.39%, and Nasdaq by 2.1% [2] Individual Stock Movements - Major tech stocks experienced declines, with Apple and Nvidia down over 2%, while Tesla saw a slight increase of 0.09% [4] - Semiconductor stocks performed well, with the Philadelphia Semiconductor Index rising by 0.66%, driven by significant gains in Applied Materials and ARM [4] - Gold stocks showed strong performance, with several companies like Coeur Mining and Harmony Gold seeing increases of over 6% [4] Commodity Prices - Gold and silver prices surged, with gold closing at $5042.808 per ounce, up over 2.4%, and silver reaching $77.338 per ounce after a rise of over 5% [6] Geopolitical Developments - The US is increasing military presence in the Middle East, with President Trump confirming the deployment of a second aircraft carrier strike group to pressure Iran into negotiations [8] - Trump emphasized the need for a deal with Iran within a month, warning of severe consequences if negotiations fail [9] - Israeli officials expressed skepticism about the potential agreement, stressing the importance of including issues related to Iran's nuclear capabilities and missile programs [9]

Core Viewpoint - Yum China reported solid growth in key financial metrics for the fourth quarter and full year of 2025, indicating a positive outlook for 2026 [1][2]. Financial Performance - Total revenue for 2025 reached $11.8 billion, a year-on-year increase of 4% [2] - Operating profit was $1.3 billion, up 11%, with an operating margin of 10.9% [2] - Q4 revenue grew by 9% to $2.823 billion, while operating profit surged 25% to $187 million, driven by a 34% increase in delivery sales, which accounted for 53% of restaurant revenue [2] - Same-store sales increased for three consecutive quarters, with Q4 same-store sales up 3% and transaction volume growing for the 12th consecutive quarter [2] - The company added 1,706 net new stores in 2025, bringing the total to over 18,101, with plans to add 1,900 new stores in 2026, aiming for over 20,000 stores by 2030 [2]. Shareholder Returns - Yum China returned $1.5 billion to shareholders in 2025, including a buyback of approximately 7% of shares, with plans to maintain a similar return in 2026 [2]. Stock Performance - As of February 13, 2026, Yum China's Hong Kong stock closed at HKD 437.00, up 0.60% for the day and 18.56% year-to-date [3] - The U.S. stock closed at $54.62, up 1.81% for the day and 14.41% year-to-date [3] - Recent stock price fluctuations showed a range of -0.05% for Hong Kong shares and -1.89% for U.S. shares, with technical indicators suggesting potential short-term volatility [3]. Institutional Insights - Zhongyou Securities highlighted the positive outlook for 2026, driven by accelerated store expansion, innovative formats like KFC Coffee, and high shareholder return plans [4] - The report noted that delivery sales increased to 54% of total sales, with membership exceeding 590 million, supporting long-term growth resilience [4].

Core Insights - The article emphasizes the importance of utilizing Zacks Premium and its various tools to enhance investment confidence and market opportunities for both new and seasoned investors [1]. Zacks Style Scores - Zacks Style Scores provide a unique rating system for stocks based on value, growth, and momentum characteristics, serving as complementary indicators to the Zacks Rank [2]. - Each stock is rated from A to F, with A indicating the highest potential for outperforming the market [3]. Value Score - The Value Style Score identifies attractive and discounted stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3]. Growth Score - The Growth Style Score focuses on a company's future prospects by analyzing projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth [4]. Momentum Score - The Momentum Style Score helps investors capitalize on price trends, using metrics like one-week price changes and monthly earnings estimate changes [5]. VGM Score - The VGM Score combines the three Style Scores to identify stocks with the best value, growth forecasts, and momentum, making it a strong indicator alongside the Zacks Rank [6]. Zacks Rank - The Zacks Rank is a proprietary stock-rating model that leverages earnings estimate revisions to assist investors in building successful portfolios [7]. - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +23.83% since 1988, significantly outperforming the S&P 500 [8]. Stock Selection Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 that also have Style Scores of A or B [9]. - Stocks with lower ranks (3 Hold, 4 Sell, 5 Strong Sell) should be approached cautiously, even if they have high Style Scores, due to potential downward earnings forecasts [10]. Company Spotlight: Yum China Holdings - Yum China Holdings, Inc. is rated 2 (Buy) on the Zacks Rank and has a VGM Score of A, indicating strong investment potential [11]. - The company is projected to achieve year-over-year earnings growth of 15.9% for the current fiscal year, with upward revisions in earnings estimates from analysts [12].

Core Viewpoint - Dahua Jixian has initiated coverage on Yum China (09987) with a "Buy" rating and a target price of HKD 494.8, highlighting the company's RGM 3.0 strategy focused on resilience, growth, and competitive advantage [1] Group 1: Strategic Focus - The company's RGM 3.0 strategy aims to develop new models and products for a broad consumer base and various consumption scenarios [1] - The strategy also emphasizes resource integration to create synergies among stores, regions, and brands, helping the company stand out in the fast-food sector [1] Group 2: Financial Projections - Yum China's target for same-store sales index from 2026 to 2028 is set at 100 to 102, indicating an annual same-store sales growth of 0% to 2% [1] - The company anticipates an average annual growth in system sales in the mid to high single digits [1] - With the support of infrastructure integration, flexible cost structures, and streamlined store management, the operating profit margin and restaurant profit margin are expected to reach at least 11.5% and 16.7% by 2028, respectively [1]

Core Viewpoint - The report from Daiwa Capital Markets initiates coverage on Yum China (09987) with a "Buy" rating and a target price of HKD 494.8, highlighting the company's RGM 3.0 strategy focused on resilience, growth, and competitive advantage [1] Group 1: Strategic Focus - The RGM 3.0 strategy aims to develop new models and products for a broad consumer base and various consumption scenarios while integrating resources to create synergies among stores, regions, and brands [1] - This strategic approach is expected to help the company stand out in the fast-food sector [1] Group 2: Financial Projections - The company targets a same-store sales index of 100 to 102 from 2026 to 2028, indicating an annual same-store sales growth of 0% to 2% [1] - System sales are projected to grow at a mid to high single-digit annual rate [1] - With the support of infrastructure integration, flexible cost structures, and streamlined store management, the operating profit margin and restaurant profit margin are expected to reach at least 11.5% and 16.7% by 2028, respectively [1]

智通财经APP讯，百胜中国(09987)发布公告，于2026年2月12日斥资约300万美元回购5.52万股;斥资 770.29万港元回购1.77万股;注销5.28万股已回购股份;公司采纳的长期激励计划项下的授予而发行11.29 万股股票。 该信息由智通财经网提供 ...