Magellon: Upgrade to "outperform" for Alibaba Group (09987.HK) with a target price of 428 Hong Kong dollars

According to the Wise Finance APP, Morgan Stanley released a research report stating that it gives a "outperform market" rating to Yum China (09987.HK), expecting a slowdown in same-store sales growth. In addition, with a large number of franchise stores in the portfolio, the group has separately lowered its net profit forecast for 2025 and 2026 by 1.9% and 0.2%, respectively, and raised its target price by 2% from 420 Hong Kong dollars to 428 Hong Kong dollars.