[ET Net News Agency, 30 October 2025] Nomura lowered the target price for YUM China 
(09987) to HKD432 from HKD445 and maintained the "buy" rating.
  The research house said it reduces FY25F-27F revenue/earnings forecasts by 4-9%/7-10% to
reflect less optimistic sales growth/margin trend assumptions. (rc)