Dajin - H (1081.HK): We think the risk is manageable; maintain OW on favorable risk/reward

J.P. Morgan notes that Dajin-H fell 16% and Dajin-A fell 10%, significantly underperforming the HSCEI (+2%) and the Shanghai Composite (flat), driven by market concerns over speculation that the European Commission has formally launched anti-dumping and anti-subsidy investigations into Chinese wind towers and certain key structural components. However, the analysts' review of the European Commission's recent trade defence announcements found no evidence of a newly initiated anti-dumping or anti-subsidy investigation into Chinese wind towers or related structural components during Sept-Oct 2026;