Hong Kong Stock Movers: DAJIN Heavy Industry (01081) Rebounds Over 8%; "False Anti-Dumping and Anti-Subsidy News" Wrongly Hit the Stock, European Offshore Wind Outlook Continues to Improve

Stock News
Oct 12

DAJIN (01081) rebounded more than 8%, after the stock plunged nearly 16% last Friday. As of press time, it rose 8.04% to HK$31.44, with turnover of HK$81.7484 million.

On the news front, market rumors last Friday claimed that the European Commission had decided to launch anti-dumping and anti-subsidy investigations into wind turbine towers and key structural components originating from China. According to Times Finance, a listed wind power company said this was false news, while relevant staff at another wind power company said they had not received such a notice. When the reporter checked the European Commission's website, the news could not be found either.

Sinolink Securities pointed out that at the current point in time, it reiterates its key recommendation of wind turbine leaders whose share prices are still at the bottom but whose profit elasticity is expected to be gradually released; at the same time, European offshore wind export chain companies that have recently shown significantly outstanding share price performance were wrongly hit on Friday by the "false anti-dumping and anti-subsidy news." The European offshore wind outlook continues to improve, and the relevant companies' own operating improvements are solid. After the recent rebound, there is still considerable upside, and it is recommended to actively seize the opportunity to buy the dip after the wrongful sell-off.

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