In the week from June 8th to 12th, Yantai Jereh Oilfield Services Group Co.,Ltd. (ASX: 002353) was visited by 251 institutional investors, while Dajin Heavy Industry Co.,Ltd. (ASX: 002487) received 241 institutional visits, a figure significantly higher than for other companies. Ganfeng Lithium Group Co., Ltd. was visited by 76 institutions.
Sector Breakdown
Looking at the sector distribution, the computer, communications, and other electronic equipment manufacturing industry had the highest number of companies receiving visits, with 45 firms. This was followed by the special equipment manufacturing sector with 16 companies, the software and information technology services sector with 15, the chemical raw materials and chemical products manufacturing sector with 14, the automobile manufacturing sector with 14, and the electrical machinery and equipment manufacturing sector with 13.
Key Areas of Institutional Focus
Regarding the primary areas of institutional interest, both Yantai Jereh Oilfield Services Group Co.,Ltd. (ASX: 002353) and Dajin Heavy Industry Co.,Ltd. (ASX: 002487) received visits from over 200 institutions this week. Discussions centered on sales orders, overseas market progress, capacity construction, and industry demand.
Jereh's Business Updates
Yantai Jereh Oilfield Services Group Co.,Ltd. (ASX: 002353) accepted visits from 251 institutions this week, making it one of the most watched listed companies. So far this year, the company has disclosed 22 institutional research activities.
Concerning its North American gas turbine power generation business, the company stated in its research announcement that the supply of key upstream components remains tight, leading to extended delivery cycles. Meanwhile, downstream data center power demand is growing rapidly, creating a power supply gap that is difficult to fill in the short term. Against this backdrop, the company has raised the selling price of its gas turbine generator sets multiple times this year.
The company's 2025 annual report previously disclosed that its wholly-owned subsidiary had signed six sales contracts for gas turbine generator sets with U.S. clients, with a cumulative contract value exceeding $1.1 billion.
Regarding production capacity, the company indicated in its investor relations activity announcement that it has expanded capacity in North America by enlarging existing factories and leasing additional space. A production base in Dubai, UAE, is under construction, and domestic factories also have production capabilities, allowing for flexible adjustment of domestic and overseas capacity based on demand.
Addressing market interest in its integrated data center business, the company clarified that it has not yet secured any orders for this segment, which has not had a material impact on its operational performance to date.
A research report from Soochow Securities in June projected the company's net profit attributable to shareholders for 2026 to 2028 to be 3.95 billion yuan, 5.66 billion yuan, and 7.63 billion yuan, respectively.
Shares of Yantai Jereh Oilfield Services Group Co.,Ltd. (ASX: 002353) hit a record high on June 5th this year, reaching 163.23 yuan per share. As of the close on June 12th, the stock was trading at 144.9 yuan per share.
Dajin Heavy Industry's Order Book and Index Inclusion
Dajin Heavy Industry Co.,Ltd. (ASX: 002487) hosted 241 institutional investors on June 8th. According to the announcement, the company stated that since 2025, it has accumulated external shipbuilding orders worth over 8.8 billion yuan. These orders are expected to be delivered from 2027 to 2029 and will gradually be reflected in the financial statements.
The company noted that its current overseas offshore engineering orders are mainly concentrated in European markets such as the UK, Germany, and France, with related projects progressing steadily. Markets including Ireland, Denmark, Poland, as well as Japan and South Korea, are also expected to see good progress this year. For most of its current bidding projects, installation services are already included.
Regarding China-EU trade barriers, the company stated that there is a significant capacity gap for large-diameter pile foundation products in the European market. As these are basic structural components, the current situation has not impacted the company's business.
DAJIN (ASX: 01081) was listed on the main board of the Hong Kong Stock Exchange on June 5th. Next Monday, June 15th, the company will be included in the SME 100 Index.
As of the close on June 12th, Dajin Heavy Industry Co.,Ltd.'s (ASX: 002487) A-shares closed at 59.55 yuan per share, up 1.83% from the previous day's close. Its Hong Kong shares closed at 63.95 HKD per share, up 6.76% from the previous day's close.
Other Companies Drawing Attention
Besides the two companies mentioned above, Ganfeng Lithium Group Co., Ltd., Shanghai Hanxun Microelectronics Co., Ltd., Qinghai Salt Lake Industry Co., Ltd., Shanghai Hejing Semiconductor Co., Ltd., and Titan Wind Energy (Suzhou) Co., Ltd. also attracted significant institutional attention. Among them, Ganfeng Lithium Group Co., Ltd. was visited by 76 institutions, Shanghai Hanxun Microelectronics Co., Ltd. by 74, and Qinghai Salt Lake Industry Co., Ltd. by 67.
In terms of brokerage research activity, Guotai Haitong Securities conducted the most visits with 23, followed by CITIC Securities and China Securities with 21 and 18 visits this week, respectively.
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