CHONGQING M&E Shares Surge Over 8% to Record High on Deepening North American Power Shortage Narrative

Stock News02-27

CHONGQING M&E (02722) saw its shares climb more than 8% during late trading, reaching a record high of HK$3.68. At the time of writing, the stock was up 8.55% to HK$3.68, with a trading turnover of HK$107 million. The movement follows reports that representatives from several major US technology firms are scheduled to meet with former President Donald Trump at the White House next week, where they are expected to sign documents committing to self-supply or purchase power for artificial intelligence data centers. Everbright Securities analysts believe that power reliability demands arising from electricity shortages in the United States will benefit sectors such as gas turbines and electrical equipment. Industrial Securities previously highlighted that CHONGQING M&E holds stakes in both Chongqing Cummins and Chongqing Hitachi Energy, positioning the company to benefit from two major growth drivers tied to data center expansion and power grid construction.

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