On June 15, Dongfang Electric rose 3.13% in regular trading, trading at 27.04 HKD/share, with turnover of HKD 171 million. The rebound was driven by a series of key project milestones combined with capital reflowing into oversold names in the heavy electrical equipment sector.
On the news front, the company recently achieved breakthroughs across multiple flagship projects: the No.3 unit at Jinchuan Hydropower Station completed its 72-hour trial run, supporting full-capacity power generation targets for the first half; the No.3 unit at Henan Luoning Pumped Storage Station entered commercial operation (total installed capacity 1.4GW); and the No.8 unit at Anhui Pingwei Power Plant passed its 168-hour trial run, marking full completion of an Anhui provincial key power source project with total capacity reaching 6.54GW. The group is pushing toward its mid-year performance targets.
The stock had previously declined over 37% from its May 18 intraday high of 41.14 HKD amid sustained sector capital outflows toward semiconductors. Sector peers showed signs of recovery, with Harbin Electric up 2.6% and Guoxia Tech up 3.35%, suggesting partial capital rotation back into the sector.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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