On September 4, KINGDEE INT'L rose 6.11% in regular trading, trading at HK$8.75 per share, with turnover of HK$125 million. The rally was driven by the disclosure that BlackRock significantly increased its holdings in the company.

According to the latest Hong Kong Stock Exchange filings, BlackRock purchased 20.641 million shares of KINGDEE INT'L on August 31 at an average price of approximately HK$8.5647 per share, for a total consideration of approximately HK$177 million. Following the transaction, BlackRock's stake rose to approximately 436 million shares, representing 12.4% of the company. Notably, August 31 was the effective date for the MSCI China Index quarterly rebalancing, during which KINGDEE INT'L was removed from the index and faced approximately HK$3 billion in concentrated passive fund selling. BlackRock's decision to accumulate shares at the point of peak passive selling pressure is being interpreted by the market as a strong endorsement of the company's medium-to-long-term value from the world's largest asset manager.

Multiple international investment banks, including Bank of America, Nomura, Citi, and Morgan Stanley, have maintained buy ratings on the stock in recent weeks, with target prices ranging from HK$11.4 to HK$12.9.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)