On October 22, DAJIN fell 5.09% in Regular Trading, trading at HK$20.5, with turnover of HK$31.17 million. The stock touched another listed low and has retreated more than 60% from its June high.
The immediate backdrop is continued market focus on the company’s heavy revenue reliance on Europe, alongside persistent capital outflows. Public market commentary indicated that about 68.8% of expected revenue is tied to Europe. Although the earlier rumor that the EU had launched anti-dumping and anti-subsidy investigations into Chinese wind power towers and key structures was clarified as untrue, investor caution has remained elevated.
Cross-market pressure also persisted on the A-share side. On October 21, main funds were reported to have net sold RMB160 million of the stock, reinforcing a wait-and-see tone. DAJIN is also scheduled to review its first three quarters results on October 26, leaving the market focused on near-term earnings visibility.
(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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