Dongfang Electric (01072) rose by more than 5% to 5.39% as of press release to HK$9.38, with a turnover of HK$28.73 million.
The Zhitong Finance App learned that Dongfang Electric (01072) rose by more than 5% to 5.39% as of press release, to HK$9.38, with a turnover of HK$28.73 million.
CITIC Construction Investment believes that the future catalytic points of the power equipment industry are expected to be mainly concentrated in the two major fields of networking and overseas. On the internal side of the network, the 2024 bidding pace for the Guo/South Network is clear, and centralized bidding is progressing steadily. The number of tenders for the main core equipment of the State Grid and the South Grid was stable year-on-year; the State Grid added a batch of tenders for electric energy meters, and the South Grid increased the procurement types of intelligent power distribution gateways, etc. It is expected that the tender scale, product structure, bid winning pattern, and penetration rate of new technology for projects such as UHV, power transmission and transformation, electric energy meters, and main network primary and secondary equipment will have a great impact on the market.
Huajin Securities said that signs of grid blockages and bottlenecks in connecting renewable energy projects to the grid in many parts of the world are becoming more and more obvious, and “uneven” power grid investment and renewable energy investment over the years may seriously hinder the energy transition. According to IEA forecasts, to meet climate goals, global grid investment will need to reach more than 600 billion US dollars a year by 2030, double that of 2022. The bank is optimistic about opportunities for China's power equipment to go overseas, driven by multiple factors such as global energy transformation, power grid upgrading, and manufacturing expansion. Based on the comprehensive capabilities of China's manufacturing industry and the support of the “Belt and Road” strategy, it is expected to replicate the overseas growth path of photovoltaics and energy storage.