HK Stock Market Move | Rise in Power Equipment Stocks: Shanghai Electric Group (02727) Surges Over 7%, HARBIN ELECTRIC (01133) Rises Over 4%

The stocks of power equipment companies have risen. As of press time, Shanghai Electric Group (02727) rose 7.38% to 4.8 Hong Kong dollars; HARBIN ELECTRIC (01133) rose 4.45% to 23.92 Hong Kong dollars; Dongfang Electric Corporation (01072) rose 3.29% to 33.92 Hong Kong dollars. EB SECURITIES issued a research report stating that the structural issue of power shortage in the United States is transforming into a long-term and highly certain investment opportunity. Gas turbines, power equipment, and energy storage are all benefiting directions. In terms of gas turbines, under the backdrop of a highly prosperous market, the overseas capacity of top gas turbine companies is bottlenecked. It is optimistic about Chinese companies continuously increasing their market share, and recommends paying attention to Dongfang Electric Corporation, Shanghai Electric Group, and others. In addition, on January 15th of this year, State Grid Corporation of China stated that during the "14th Five-Year Plan" period, the fixed asset investment of the State Grid Corporation is expected to reach 4 trillion yuan, an increase of 40% compared to the "13th Five-Year Plan," in order to expand effective investment to drive the high-quality development of the new power system industry chain and supply chain. On January 15th, State Grid Corporation of China stated that during the "14th Five-Year Plan" period, the fixed asset investment of State Grid Corporation is expected to reach 4 trillion yuan, an increase of 40% compared to the "13th Five-Year Plan," in order to expand effective investment to drive the high-quality development of the new power system industry chain and supply chain.