On June 11, Dongfang Electric (01072.HK) fell 5.19% in regular trading, trading at HK$25.36/share, with trading volume of HK$47.05 million. The stock has declined over 37% from its May 18 intraday high of HK$41.14.
On the news front, escalating US-Iran conflict has intensified Strait of Hormuz shipping risks, driving international oil and gas prices higher. Rising fuel costs are suppressing power plant investment appetite and equipment procurement for gas turbines. Meanwhile, global AI computing infrastructure expansion and elevated data center power standards are channeling demand toward diesel generator sets, further diverting orders from gas turbine manufacturers.
The Heavy Electrical Equipment sector remains under broad-based selling pressure. Among peers, Harbin Electric fell 4.04%, GOLDWIND fell 2.25%, Guoxia Tech fell 2.0%, Shanghai Electric fell 1.54%, and Dajin fell 1.52%. Market capital continues rotating out of the sector toward semiconductors and other momentum themes.
(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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