On September 23, KINGDEE INT'L fell 5.24% in regular trading, trading at HK$7.49 per share, with turnover of approximately HK$46.10 million.

On the news front, BlackRock reduced its holding in KINGDEE INT'L by 7.4818 million shares via an off-exchange transaction on September 17, lowering its long position ratio from 8.04% to 7.83%. Notably, BlackRock had just increased its stake to 8.26% on September 15 through acquiring share collateral interests, marking a sharp reversal within merely two days. The frequent position adjustments suggest growing institutional divergence over the company's current valuation.

Adding to the bearish sentiment, multiple international investment banks have recently lowered their target prices despite maintaining buy ratings. Citi cut its target to HK$11.9, Bank of America to HK$12.9, Nomura to HK$11.87, and CLSA to HK$12.6, all citing weaker sentiment toward the IT services and software sector. Meanwhile, J.P. Morgan increased its stake to 8.2% on September 15, indicating split views among major institutional holders.

(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.)