Yum China Holdings (NYSE:YUMC) changed -0.67% to recent value of $45.8. The stock transacted 1226184 shares during most recent day however it has an average volume of 2379.78K shares. It spotted trading -5.12% off 52-week high price. On the other end, the stock has been noted 52.16% away from the low price over the last 52-weeks.
On Sept. 06, 2019, Yum China Holdings (NYSE:YUMC) revealed that Jacky Lo, who has served as the Company’s Chief Financial Officer since June 2017, intends to leave the Company to pursue professional opportunities in Hong Kong to be closer to his family. Jacky will step down as the Company’s Chief Financial Officer effective October 16, 2019. Ka Wai Andy Yeung will assume the role of Chief Financial Officer of the Company effective the same day.
We are grateful for all of the contributions Jacky has made to the Company and recognize the critical role he played in growing and strengthening our business since the spin-off, as well as for his ongoing engagement on succession discussions to ensure a smooth CFO transition.said Joey Wat, Yum China’s CEO.
We are pleased to welcome Andy to our team. Andy brings a wealth of knowledge to this critical role, and his deep experience in all facets of finance will be a tremendous asset to our Company. We look forward to working closely with him as we continue to capitalize on market opportunities and work to generate significant long-term value for our shareholders.
Mr. Yeung, age 46, served from April 2017 to August 2019 as the chief financial officer of Smart Finance International Limited, a financial technology company. Mr. Yeung also served as the chief financial officer of Cheetah Mobile Inc., a mobile internet company listed on the NYSE and headquartered in Beijing, China, from January 2014 to March 2017. From 2009 to 2013, Mr. Yeung worked at Oppenheimer & Co. Inc. as director, executive director and then managing director, responsible for research coverage of China’s internet and media sectors. From 1995 to 2009, Mr. Yeung worked at various companies in the U.S. in equity research, management consulting and credit risk management.
. YUMC has a gross margin of 44.00% and an operating margin of 10.10% while its profit margin remained 7.90% for the last 12 months. Its earnings per share (EPS) expected to touch remained 20.50% for this year while earning per share for the next 5-years is expected to reach at 10.00%. The company has 376M of outstanding shares and 376M shares were floated in the market. According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.00% from the mean of 20 days, 3.28% from mean of 50 days SMA and performed 11.37% from mean of 200 days price. Company’s performance for the week was 1.04%, 4.00% for month and YTD performance remained 36.59%
Christian Nguyen is a freelance journalist with more than 5 years’ experience of reporting on the global stock market industry. Since graduating with a finance degree from the University of York, Christian has written for numerous business publications. Christian loves classical music and traveling in his spare time. He reports for Technology section.
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