Yesterday (5 Jun 2017), it was reported that BlackRock /The PNC Financial Services Group has purchased 11.4 million of YangZiJiang Shipbuilding deemed shares on 1 Jun 2017 (The PNC Financial Services Group, Inc. has over 20% ownership of BlackRock). YangZiJiang Shipbuilding stock closed 0.8% higher at $1.275 yesterday with its technical charts looking still bullish. The stock is just a few cents away from its 52-weeks high of $1.305 and since Oct 2016, YangZiJiang has rallied by almost 80% from the then-price of $0.72. Currently, YangZiJiang stock trades at 3.08% dividends yields, at a Price-to-Earnings ratio of 12.12. The consensus target price on SGX website is $1.13. Personally, I thought that though substantial shareholders are buying the stock, one does not really know how much the purchase of the shares is transacted at (it might not be at the market price). To ......