HK Stock Market Move | Dajin Heavy Industry (01081) rebounds over 15%; KING THREE recently commenced its maiden voyage; European offshore wind sentiment is improving.

Dajin Heavy Industry (01081) rebounded over 15% in the afternoon, rising 14.65% as of press time to HK$23.48, with a turnover of approximately HK$85 million. On the news front, recent market rumors regarding the EU's "double anti" (anti-dumping and anti-subsidy) probe have been confirmed by Dajin Heavy Industry as untrue, with the company stating that all operations are normal. Sinolink previously noted that European offshore wind export chain companies, which had recently shown significantly outperforming share price performance, were unfairly hit by "false double anti rumors," while European offshore wind sentiment continues to improve and the relevant companies' own operational improvements remain solid. On October 12, the company announced that the KING THREE, which it built independently, set sail from its Tangshan Caofeidian base, carrying 10 ultra-large monopiles for the Nordseecluster B project to the Port of Eemshaven in the Netherlands. The maiden voyage of the KING THREE marks the full commissioning of Dajin Heavy Industry's KING series of three vessels, with the company's own ocean-going transport capacity progressing from single-vessel validation to series-based operations.