Core Viewpoint - Dongfang Electric (01072) has seen a significant increase of over 6%, currently trading at HKD 30.44 with a transaction volume of HKD 345 million, driven by the surge in demand for gas turbines amid a construction boom in data centers in the U.S. [1][1] Industry Summary - The global energy monitoring agency reports that as of January 2026, the U.S. is expected to have over 29 GW of natural gas power generation capacity under construction, more than doubling within a year [1][1]. - The gas turbine industry is experiencing rapid growth in demand, with high-end supply facing bottlenecks. Domestic substitution policies are fully in effect, prompting a focus on leading manufacturers that hold competitive advantages in key segments and possess sustainable technological moats [1][1]. - Chinese gas turbine manufacturers are positioned to benefit from their technological accumulation, cost advantages, and industrial chain synergy, potentially entering a strategic window in overseas markets [1][1]. - Dongfang Electric has achieved a breakthrough in overseas markets with its self-developed F-class heavy gas turbine G50, securing a core equipment order for a 50 MW combined cycle power generation project in Kazakhstan, marking the first complete machine export of domestic heavy gas turbines [1][1].