HK Stock Market Move | DATANG POWER(00991) rebounded nearly 5%, with the company's A shares hitting the limit for seven days in the past eight days. The market anticipates that the power generation sector will undergo a "new expansion" and have its valuation reshaped.

DATANG POWER (00991) rebounded nearly 5%, with the company's A shares hitting the daily limit in the morning session, recording 7 consecutive days of limit up. As of the time of writing, the stock rose by 4.97% to HK$3.17, with a turnover of HK$875 million. On the news front, the National Development and Reform Commission and other four ministries recently jointly issued the "Action Plan for Promoting the Two-way Empowerment of Artificial Intelligence and Energy", clarifying the direction of AI and energy integration. Some analysts believe that with the increasing importance of AI and energy integration, the thermal power sector is undergoing a systemic valuation reshaping. It is reported that on May 2nd of this year, the "Zhongwei Cloud Base AI and Energy Integration Green Power Direct Supply Project" of DATANG POWER was officially put into operation, making it the first large-scale AI and energy integration green power direct supply project in the country. It is worth noting that on May 13, DATANG POWER issued a stock trading risk warning, stating that as of now, the company has not yet launched any AI and energy integration projects.