Zhitong Finance APP learnedinternetpoker, Dongfang Electric (600875)(01072) rose nearly 5%. As of press time, it rose 4%.internetpoker.73%, reported at HK$11.06, with a turnover of HK$29.3057 million.
On the news front, last week, Microsoft and Brookfield reached an agreement to jointly develop approximately 10.5 gigawatts of new renewable energy power generation projects between 2026 and 2030. The deal is nearly eight times the size of the largest renewable energy contract signed to date. According to new research from Goldman Sachs, the surge in power demand caused by AI data center operations will bring downstream investment opportunities to utilities, renewable energy generation and industrial sectors.
HSBC Research released a report stating that Dongfang Electric's Hong Kong stocks and A shares have increased by 75% and 25% since the end of January. In the absence of an obvious increase in profit expectations, it is believed that the rebound is based on the improvement of investors 'sentiment on the theme of energy security/transformation, especially the development of artificial intelligence and data centers that will lead to global power shortages. It is estimated that Dongfang Electric will benefit because the company is a leader in coal, natural gas, nuclear and wind energy equipment