BUZZ-Yum China's Hong Kong shares hit 4-week peak on Q3 profit beat

Reuters11-05

** Hong Kong shares of restaurant chain Yum China Holdings

jump 7% to HK$386, their highest since Oct 8, and on track for a second session of gains

** Stock on course for the biggest one-day rise since Sept. 27

** U.S-listed stock rose 7.2% on Monday after Q3 results beat ** Co posts Q3 adj EPS of 77 cents vs est 68 cents - LSEG

** Reports Q3 revenue of $3.07 bln vs est $3.05 bln

** Nomura keeps "Buy" rating on the stock and raises target price to HK$415 from HK$365.82 saying 3Q24 operating profit beat on margin improvement

** "YUMC further enhanced its shareholders’ return plan by announcing an additional USD1.5bn of dividend payout/share repurchase over FY24-26, further supporting YUMC’s share price" - Nomura

** Hang Seng Consumption Index rises 1.3%, while Hang Seng Commerce & Industry Index and Hang Seng Index

both climb 0.2%

** Yum China's Hong Kong stock rose 8.6% YTD, U.S.-listed shares up 13.8% YTD

(Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com))

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