DAJIN

Dajin Heavy Industry closed 4.6% lower at HKD 28.40, fully reversing yesterday's 6% gain from record interim results, in a choppy session that saw a morning high of HKD 29.96 before sliding to the day's low. The stock now trades below its MA20 (HKD 33.76) and MA60 (HKD 44.48), and remains 57.6% below its 52-week high of HKD 66.95, with a YTD decline of 57.2%. While the company posted record first-half revenue and net profit, Q2 alone saw a 16.6% revenue drop and a 44.5% net profit plunge, with net margin narrowing from 22.8% in Q1 to 12.3%, signaling earnings deceleration. Despite a Citi buy rating and recent shipbuilding orders, the market focused on the slowing profit momentum, leading to a failed hold above the previous day's gains.

Dajin Heavy Industry opened low and rallied through the session, closing up 8.47% at HKD 32, with an intraday low of HKD 29.04 and a high of HKD 31.62, driven by the company's record first-half profit and Citi's maintained Buy rating. Q2 earnings showed revenue down 16.56% YoY to HKD 1.55 billion and net profit down 44.55% YoY to HKD 191.5 million, though robust Q1 growth (revenue +76.97%, net profit +99.22% YoY) lifted the half-year results to a record high. Citi's prior HKD 50 target price and a USD 290 million bulk carrier order from a Greek buyer further boosted sentiment. However, YTD losses stand at 51.81%, and the stock remains well below its MA20 (HKD 35.415) and MA60 (HKD 46.142), with a 52.2% discount to the 52-week high of HKD 66.95.

Dajin Heavy Industry opened sharply lower in the morning session, dropping over 10% to HKD 29.5, hitting a new 52-week low and retreating 55.9% from its 52-week high of HKD 66.95. Despite record-high revenue and net profit in 1H 2026—Q1 revenue up 77.0% YoY to HKD 2.16 billion and net profit up 99.2% to HKD 493 million, with net margin improving to 22.8%—the stock remains weak, down 55.6% YTD and well below its 20-day MA of HKD 35.5 and 60-day MA of HKD 46.4. While Citi initiated coverage with a Buy rating and HKD 50 target price, persistent valuation concerns and sector headwinds continue to pressure the share price.

Dajin Heavy Industry opened weak and closed at HKD 32.02, down 5.83% from the previous close of HKD 34.00, trading in a single-day downward range between HKD 32.00 and HKD 33.98, with the intraday low touching a fresh 52-week low. Although Citi initiated coverage with a Buy rating and a TP of HKD 50 early this month, and the company recently secured a USD 290 million bulk carrier order from a Greek buyer, the strong Q1 2026 fundamentals—revenue up 76.97% YoY to HKD 2.16 billion and net profit nearly doubling—failed to offset market pessimism. The stock now trades 52.17% below its 52-week high of HKD 66.95, with a YTD decline of 51.78%, and remains well below its MA20 (HKD 36.14) and MA60 (HKD 47.25), though a PB of 2.4x and PE of 16.0x may offer some support for long-term investors.

Dajin Heavy Industry closed down 5.03% at HKD 34.00, retreating from earlier highs as profit-taking set in after the rally sparked by Citi's buy rating and a USD290 million bulk carrier order. The stock gapped down at open, touched an intraday high of HKD 36.40 in the morning session before sliding to an afternoon low of HKD 33.88, with total turnover of HKD 25.45 million. Despite Q1 net profit surging 99.2% YoY to HKD 493 million and net margin expanding to 22.79%, the stock remains well below its MA20 (HKD 36.12) and MA60 (HKD 47.55), with a YTD decline of 48.8% and a 49.22% drop from the 52-week high of HKD 66.95. However, Citi's buy rating with a HKD 50 target and the new shipbuilding order provide underlying support.