Movement Alert｜DAJIN Rises 6.25% in Regular Trading, Bargain Hunting Emerges Ahead of the Earnings Window

Market Focus10-23

On October 23, DAJIN rose 6.25% in regular trading, trading at HK$21.7, with turnover of HK$28.47 million.

The most relevant backdrop in publicly available information is a rebound after a steep earlier selloff, with market positioning increasingly focused on the upcoming third-quarter earnings review scheduled for October 26.

Recent reports show the stock had fallen more than 60% from its June high in Hong Kong trading, while market concern remained centered on its heavy Europe exposure, with one institution estimating 68.8% of revenue comes from Europe. Although the earlier rumor about an EU anti-dumping and anti-subsidy probe was denied, sentiment has stayed cautious. On the A-share side, main fund outflow reached RMB160 million on October 21, underscoring continued divergence in positioning. Additional company updates included progress in European offshore wind project bidding and the September delivery of its KING THREE transport vessel, but the latest price move is more directly linked to trading around the earnings window after the prior sharp decline.

(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.)

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