Yum China Holdings Inc (YUMC.N)
19 Mar 2018
HONG KONG (Reuters Breakingviews) - Look past the iffy pizza and Yum China remains delicious. On Wednesday evening, the mainland operator of KFC reported its first full set of annual results since spinning off from parent Yum Brands in late 2016. The smaller Pizza Hut business is still a work in progress, but shows signs of improvement. Meanwhile, the $17 billion parent looks like a straightforward, fast-growing and fairly cheap bet on the rise of the Chinese consumer.