Jin Rong Jie·2025-11-28 08:06Core Viewpoint - The stock of Dongfang Electric (01072) has seen a significant increase, rising nearly 7% at the close, with a current price of HKD 21.26 and a trading volume of HKD 237 million. This surge is attributed to the commencement of a 50 MW combined cycle power project in Kazakhstan, where Dongfang Turbine Co., Ltd. is supplying three domestically developed G50 heavy-duty gas turbines, marking a milestone for China's F-class gas turbines in international markets [1]. Company Developments - Dongfang Electric's G50 heavy-duty gas turbine has successfully entered commercial operation and is now being exported, indicating a successful international expansion of its technology [1]. - The global market for gas turbines is experiencing tight supply, positioning Dongfang Electric to potentially benefit significantly from this demand [1]. Analyst Insights - Huatai Securities has issued a report expressing optimism about the profit elasticity contributed by the G50 heavy-duty gas turbine's international sales, maintaining a "buy" rating for both A and H shares of Dongfang Electric [1].