Movement Alert|Datang Power Rises 4.66% in Regular Trading, Technical Rebound After Consecutive Correction Days as Power Sector Recovers

Market Focus
May 21

On May 21, Datang Power rose 4.66% in regular trading, trading at HK$2.90/share, with trading volume of approximately HK$96.78 million.

The rebound follows a prolonged correction that began on May 14 when the H-share plunged nearly 14% in a single day. The stock had been under sustained pressure through May 20, with multiple consecutive days of decline creating short-term oversold conditions that triggered a technical recovery. The broader power sector also showed signs of recovery, with peers Huaneng Power up 1.54%, China Resources Power up 1.09%, and CGN Power up 0.91%, providing supportive momentum for the rebound.

Notably, the company has issued multiple risk warning announcements clarifying that it currently has no operational computing-power-and-electricity coordination projects. The stock's current price-to-book ratio stands at approximately 3.7 times, significantly above the industry average of 1.91 times, suggesting valuations remain elevated relative to fundamentals.

(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.)

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