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BofAS: YUM CHINA (09987.HK) 2Q Same-Store Sales Outlook Improves; Share Price Decline Overdone
BofAS reiterated its Buy rating for YUM China (09987.HK), stating that the recent share price decline was excessive. Despite flat Q1 same-store sales, operating profit rose 12% year-over-year, and the Q2 outlook shows improvement, progressing toward full-year guidance. The firm believes the current pullback offers a strong buying opportunity for this high-quality stock.