Margins, Anyone? Yum China Wows Investors With Improved Efficiency

Operator of KFC and Pizza Hut chains in China reported its best restaurant margins in four years, lifted by a ‘perfect storm’ of factors, some temporary and others long-term Key Takeaways: Yum China reported its restaurant margin rose to 18.8% in the third quarter from 12.2% a year earlier, marking its best performance of that metric since 2018 The KFC and Pizza Hut operator for China reported a return to revenue growth in the third quarter, but cautioned the country’s Covid-controls intensified in October By Doug Young It may not…

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Lockdown Food Supplier Pang Pang Xiang puts IPO Back on the Menu

The food processing company that helped to feed Shanghai residents during the city’s two-month lockdown has refiled to list on the Hong Kong Stock Exchange Key Takeaways: Bucking the Covid downturn, Pang Pang Xiang’s profits jumped in the first five months of the year after it provided Shanghai with lockdown food supplies The IPO-bound company is a family business, wholly owned by Chairman Huang Jianyi and his relatives By Stone Shek One man’s meat is another man’s poison, so an old saying goes. And even the Covid pandemic has brought…

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FAST NEWS: China’s First Collagen Stock Giant Biogene Shines on Trading Debut

The latest: Giant Biogene Holding Co. Ltd. (2367.HK), a fast-growing skin-care products maker, made its trading debut in Hong Kong on Friday with an opening price of HK$26, up 7% from its IPO price of HK$24.30. Looking up: The local portion of the company’s offering was subscribed by 5,450 investors for a total of 4.71 million shares, representing an oversubscription rate of approximately 1.08 times. Take Note: The stock priced at the bottom of its IPO range of HK$24.30 to HK$27.70. The deal raised about HK$496 million ($63.6 million), far…

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Fosun Scrambles to Sell Its Way Back to Health. But Will It Mortgage Its Future?

Billionaire Guo Guangchang’s flagship investment group aims to sell up to $11 billion in non-core holdings to pay down its debt. But such sales could leave it with less-desirable assets Key Takeaways: Fosun International aims to raise as much as $11 billion by selling non-core assets in the next 12 months, according to a Bloomberg report. The sale of better-performing assets might leave the group with subpar businesses that would worsen its debt problem By Warren Yang Things are looking messy these days for Fosun International Ltd. (0656.HK), the debt-laden…

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