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Research
KeyBanc Upgrades Zeta Global Holdings to Overweight From Sector Weight, Sets $22 Price Target
Zeta Global Holdings (ZETA) has an average rating of buy and mean price target of $28.38 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
$ZETA
International
Property, Tech Sectors Undergird Asian Stock Markets
Asian stock markets somewhat shrugged off Middle East turmoil, with tech shares rising on earnings outlooks, and China property issues gaining after a Beijing report indicated the struggling sector may be firming.Exchanges in Japan were closed on holiday.Hong Kong and Shanghai finished in the green, while other regional exchanges were uneven.In Hong Kong, the Hang Seng Index opened higher and rose to the close, finishing up 1.7% in a property-sector-led rally.The broad gauge Hang Seng rose 432.06 to 26,111.84, as gaining issues outnumbered losers 77 to 13. The Hang Seng TECH Index gained 1.7% on the day, while the Mainland Properties Index rose 4.5%.Leading the upside was China Overseas Land, gaining 8.9%, while pork purveyor WH Group declined 5.8%.On the mainland, the Shanghai Composite rose 0.7% to 4,107.51.In economic news, China's housing markets are showing signs of recovery, with transaction volumes in major cities rising in March and price declines shrinking, "indicating a gradual return of buyer confidence and improving market liquidity," reported the official State Council Information Office.On the other regional exchanges, the S. Korean KOSPI rose 0.8%; the Taiwan TWSE declined 0.5%; the Australian ASX 200 declined 0.3%; the Singapore Straits Times Index fell 0.6%, and the Thai Set inclined 0.8%. In late trading in Mumbai, the Sensex was up 0.8%.MSCI All Country Asia Pacific Index rose 0.1%.
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Research
Research Alert: Yum China Q1 In Line; Aggressive Expansion, Digital Growth Support Outlook
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:YUMC reported Q1 2026 revenue growth of 10% to $3.27B, in line with consensus of $3.23B, with system sales up 4% and steady same-store sales. The quarter featured record store expansion with 636 net openings (39% by franchisees), bringing the total count to 18,737 and supporting the 20,000+ store target by year-end 2026. We view the franchise acceleration as supporting capital efficiency, though benefits may be limited in lower-tier cities due to varying price points and higher customer acquisition costs, in our opinion. Management remains confident in achieving 2026 targets, citing improved delivery platform dynamics and a dual focus on innovation and efficiency. Core operating margin expanded 20 bps to 13.6% for the eighth consecutive quarter, with Pizza Hut gaining 110 bps while KFC fell 20 bps due to its margin-dilutive delivery mix. Digital membership grew 9% to 270M, underpinning customer capabilities. Starting in 2027, YUMC plans to return 100% of annual FCF, translating to $900M-$1B+ annually.
$YUMC