DATANG POWER

Datang Power opened lower and fell further in the afternoon session, hitting a session low of HKD 2.500 and closing at HKD 2.500, down 5.30%, as profit-taking emerged after a recent rally. While Q1 2026 net profit jumped 36.84% YoY to HKD 3.28 billion and EPS (HKD 0.1596, +48.46% YoY) showed strong improvement, the current price of HKD 2.500 is still below the 60-day MA (HKD 2.756), with the stock's 14.16% YTD gain retreating 30.75% from its 52-week high of HKD 3.610. However, turnover of HKD 76.75 million and a 0.50% turnover rate indicated active trading remained.

Datang International Power Generation opened higher and rose during the morning session, touching an intraday high of HKD 2.47, up 4.66% from the previous close of HKD 2.36, before settling at HKD 2.48, a gain of 5.08% on volume of 19.0 million shares. The company's plan to issue up to RMB 8 billion in targeted A-shares, combined with a 36.8% YoY rise in Q1 net profit to HKD 3.28 billion, an EPS of HKD 0.1596, and a 6.09% revenue increase to HKD 34.32 billion, provided strong fundamental support. Despite a YTD gain of 13.24%, the stock remains 31.3% below its 52-week high of HKD 3.61 and below the 60-day MA of HKD 2.758, indicating incomplete medium-term momentum recovery. However, the former general manager's death sentence with reprieve for bribery may weigh on sentiment.

Datang Power staged a sharp intraday reversal in Hong Kong trading, opening at HKD 2.410 in the morning session before sliding to an intraday low of HKD 2.300 in the afternoon, closing at HKD 2.300, a 4.96% decline from the previous close of HKD 2.420, with total volume of approximately 39.27 million shares. Despite the company's Q1 net profit jumping 36.84% YoY to HKD 3.28 billion and EPS surging 48.46% YoY to HKD 0.1596, the stock failed to hold gains, trading 36.29% below its 52-week high of HKD 3.61 and well beneath its 20-day moving average of HKD 2.665, indicating persistent technical weakness. Nonetheless, the stock remains up 5.02% YTD from its start-of-year price of HKD 2.19.