HK Stock Market Move | Power stocks mostly rise, Datang Power (00991) rose more than 7%, Huaneng Power International, Inc. (00902) rose more than 3%

Most of the power stocks are on the rise. As of the time of writing, Datang Power (00991) rose by 7.63% to 2.68 Hong Kong dollars; Huaneng Power International, Inc. (00902) rose by 3.37% to 6.45 Hong Kong dollars; Huadian Power International Corporation (01071) rose by 3.16% to 4.24 Hong Kong dollars; China Longyuan Power Group Corporation (00916) rose by 2.4% to 6.41 Hong Kong dollars. On the news front, this morning, the State Council Information Office held a press conference to introduce the development of industrial and information technology in the first quarter of 2026. Vice Minister of Industry and Information Technology Zhang Yunming stated that in recent years, computing power infrastructure has become a key foundation for driving the development of artificial intelligence. Currently, the Ministry of Industry and Information Technology is conducting research on policy coordination between computing and electricity and setting standards. Guotai Junan-Haitong previously pointed out that under the concept of coordination between computing and electricity, the market has expanded from small-cap green electricity companies to small-cap thermal power companies, and then to some large-cap thermal power companies. The bank believes that the direction of benefit from the coordination between computing and electricity has begun to penetrate the adjustment of power sources, and there are stage investment opportunities for national power plants and local thermal power companies. In addition, looking at the domestic power market last week, the spot electricity prices in Guangdong rose significantly. EB Securities pointed out that the significant increase in Guangdong electricity spot prices reflects the comprehensive manifestation of market energy costs and thermal power functional premiums, and the spot market will become another important channel for thermal power revenue; combined with a significant improvement in thermal power generation from January to March, it is recommended to pay attention to thermal power operators with performance elasticity and valuation price ratios.