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Pictet North America Advisors SA increased its stake in Yum China (NYSE:YUMC) by 4.9% in Q3, owning 497,944 shares valued at approximately $21.3 million. Other hedge funds also raised their positions. Yum China's stock is rated as "Buy" with a target price of $55.00. The company reported Q3 earnings of $0.76 per share, meeting estimates, and announced a quarterly dividend of $0.24 per share. Yum China also approved a $1 billion stock buyback plan, indicating management's belief in the stock's undervaluation.
The price of Labubu has significantly dropped over the past year, with the average price in the second-hand market falling from 1,478 yuan to 632 yuan, and some styles even below the original price. Resellers indicate that the current market environment is not as favorable as last year, with profits greatly reduced, and the current earnings are just small change. Although some blind boxes still have a six-fold premium, the current situation is disappointing compared to the high prices a few months ago
Midea Group Co. Ltd. has submitted a Next Day Disclosure Return to the Hong Kong Stock Exchange, indicating changes in its issued shares related to its 2022 and 2023 Restricted Share Incentive Schemes. The filing includes 6,886,475,262 new shares, but the issue price remains undisclosed.
