On July 24, DATANG POWER fell 5.3% in regular trading, trading at HKD 2.51/share, with turnover of HKD 79.48 million.

On the news front, multiple institutions indicated that electricity tariff reductions this year have exceeded expectations. Combined with a slowdown in power demand growth outlook, the fundamental outlook for power stocks faces weakening pressure. UBS, HSBC, and other major banks recently lowered target prices and investment ratings for mainland power stocks. Additionally, rising thermal coal prices have pushed up fuel costs for thermal power producers, squeezing profitability.

The Hong Kong-listed power sector traded broadly lower, with Datang Renewables down over 5%, Harbin Electric down over 4%, Huaneng Power down 2.6%, Huadian Power down 2.13%, and China Resources Power down 1.83%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)