On September 4, BLOKS rose 5.71% in regular trading, trading at HK$77.2/share, with turnover of approximately HK$46.9 million.

The rally follows the company's recently released interim results and a wave of bullish broker coverage. BLOKS reported H1 revenue of RMB 1.776 billion, up 32.7% year-over-year, with net profit of RMB 387 million, up 30.5%. The company declared its first-ever interim dividend of HK$0.3247 per share. Notably, overseas revenue surged 228.5% to RMB 366 million, with Americas revenue soaring approximately 349%, as the company expanded into major US retailers including Walmart, Amazon, and Target.

Following the results, multiple brokerages reinforced their positive outlooks. Citi raised its target price to HK$82, CICC maintained its outperform rating with a HK$90 target implying 26.8% upside, Jefferies lifted its target to HK$79, and Dongwu Securities maintained a buy rating. Analysts highlighted overseas expansion, new vehicle toy categories, and a diversifying IP portfolio of 75 licensed IPs as key growth drivers.

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