Dongfang Electric (1072 HK/600875 CH) H/A: Hold/Hold: Overheating on nuclear China We hosted a non-deal roadshow (NDR) zoom meeting with Dongfang Electric on 18 June 2025, to discuss investor questions about energy equipment prospects. DFE-H outperformed -A significantly: Dongfang Electric-H (DFE-H) has rallied 50% YTD, vs 6% for A shares. With this, the H/A discount of the company has hit a 10-year low of 26%. Apart from the better market and inflows overall YTD (HSI: +18%, CSI300: -2%), we believe H-share ...