DAJIN

Dajin Heavy Industry opened lower but staged a sharp recovery, closing at HKD 38.08, down 2.5% from the previous close of HKD 39.06, after hitting a record low of HKD 36.50 at 11:20 BJ time. The afternoon session saw a sustained rebound to HKD 38.02, reflecting a 'bounce from the bottom' pattern. The stock remains supported by Citi's Buy rating with a HKD 50 target price, but the recent USD 290 million bulk carrier order from a Greek buyer and inclusion in the Southbound Stock Connect list have yet to reverse the downtrend. With a 43% decline from the 52-week high of HKD 66.95 and trading well below the 60-day MA of HKD 49.69, the stock's PE of 19.04x and PB of 2.86x suggest the market is pricing in execution risks. However, today's thin volume of 1.24 million shares signals limited conviction.

Dajin Heavy Industry opened higher at HKD 38.82 and climbed steadily to HKD 40.60 in the morning session, up 5.23%, with an intraday range of 4.6%. The rally was driven by Citi's recent Buy rating and HKD 50 target price, combined with the company's USD 290 million bulk carrier order from a Greek buyer. Fundamental momentum remains strong: Q1 2026 revenue surged 76.97% YoY to HKD 2.16 billion, net profit jumped 99.22% YoY to HKD 493 million, and net profit margin improved to 22.79% from 13.69% in Q4 2025. However, the stock still trades 39.36% below its 52-week high of HKD 66.95 and is down 38.86% YTD; even after today's gain, it remains below the 60-day MA of HKD 50.01, indicating valuation recovery is still in progress.

DAJIN Heavy Industry opened higher today and maintained a high-level consolidation in the afternoon session, closing at HKD 38.10, up 5.56% from the previous close of HKD 36.00. The rally was driven by Citi's recent initiation of coverage with a Buy rating and a HKD 50 target price, coupled with a USD 290 million bulk carrier order from a Greek buyer and strong Q1 earnings showing a 76.97% YoY revenue increase and a 99.22% YoY net profit surge. The stock hit an intraday high of HKD 39.30, rebounding 22.58% from the 52-week low of HKD 31, yet remains 42.77% down YTD and below the MA60 (HKD 50.533), indicating lingering weakness in the long-term trend. However, recent volatility remains high, with the stock having dropped over 5% earlier this week due to the joint sponsor's greenshoe exercise.

Dajin Heavy Industry closed at HKD 36.00, up 1.18% from the previous close of HKD 35.58, but exhibited a spike-and-retreat pattern: the morning session hit an intraday high of HKD 37.520 before fading, while the afternoon session oscillated down to a low of HKD 35.820, eventually holding the 36 level. Citi's recent Buy initiation with a HKD 50 target price and a USD 290 million bulk carrier order from a Greek buyer provided the initial catalyst for the morning rally. However, momentum waned after the session peak, as the stock remains 45.78% below its YTD start, 46.23% off its 52-week high of HKD 66.95, and trades below the MA20 (38.711) and MA60 (50.852), indicating near-term resistance at moving averages. Despite robust Q1 2026 results—revenue of HKD 2.16 billion (+76.97% YoY) and net profit of HKD 493 million (+99.22% YoY)—the elevated net margin of 22.79% failed to sustain buying interest, possibly due to a high turnover rate of 3.07% and residual selling pressure after the greenshoe period ended.

Dajin Heavy Industry ended the day at HKD 34.18, down 6.6% from yesterday's close, reversing an earlier rally that pushed the stock to HKD 37.60 in the morning session. The stock then tumbled to a session low of HKD 33.54 in the afternoon as profit-taking kicked in. Despite strong Q1 earnings — net profit surged 99% YoY to HKD 493 million on revenue growth of 77% to HKD 2.16 billion, with net margin improving to 22.8% — the stock is still trading 48.5% below its YTD start price and 49% off its 52-week high of HKD 66.95. It remains well below both the 20-day (HKD 42.57) and 60-day (HKD 52.10) moving averages. While Citi initiated coverage with a Buy rating and HKD 50 target, the stock has been under pressure from greenshoe exercises and divergent analyst views.