Puxing Energy (00090.HK) Hot Stock Analysis: Gas Power Generation Sector Benefits from GE Vernova's Guidance

Puxing Energy (00090.HK) is a leading natural gas power generation enterprise in China [0]. It rose 5.19% to HK$1.420 today, significantly outperforming the Hang Seng Index (+0.42%) [1][3]. The core driver of its rise is the market linkage in the global power equipment sector: U.S. giant GE Vernova raised its performance guidance for the next few years, announced a doubling of dividends and an expansion of share repurchase scale, and revealed that due to the rising power demand driven by large-scale data center construction, it expects to sign 80 GW of combined cycle gas turbine contracts by the end of the year, with all production capacity sold out by 2028 [3]. As a gas power generation enterprise, Puxing Energy’s business is highly correlated with the gas turbine industry, thus benefiting from the collective rise of this sector.

1. Cross-market Sector Linkage Effect
   : The U.S. market dynamics of GE Vernova directly affect the Hong Kong stock market’s power equipment and gas power generation sectors, reflecting increased conductivity in the global energy field.
2. Demand-side Driving Logic
   : The growing demand for electricity from new infrastructure such as large data centers has become one of the long-term growth drivers for the gas power generation industry.
3. Fundamental and Technical Divergence
   : The trading volume on the day was 18,000 shares, lower than the average volume of 235,672 shares, indicating that the rise was mainly driven by fundamentals (sector catalysts) rather than short-term speculative funds [1].

• Opportunities
  : Growing power demand and industry policy support provide long-term development space for the natural gas power generation industry; as a leading enterprise in the industry, Puxing Energy is expected to benefit from the overall upward trend of the sector.
• Risks
  : There have been extreme fluctuations in history with a single-day rise of over 280% (due to investment in HashKey Holdings in July 2025), so short-term speculative fluctuations need to be vigilant [0][2]; in terms of valuation, the price-earnings ratio (TTM) is 17.75 times, which is at the mid-level of the industry, so attention should be paid to whether performance growth can support the current valuation [1]; the industry competition is fierce, and policy changes and energy price fluctuations have an impact on profits [0].

Puxing Energy (00090.HK) rose 5.19% to HK$1.420 today, benefiting from the sector linkage effects of GE Vernova’s upward revision of performance guidance and growing demand for gas turbines. The current price is at a relatively high level within the year, with an increase of 158.98% compared to the beginning of the year [1]. The support level is HK$1.350, the resistance level is HK$1.480, and the long-term key level is HK$2.280 (52-week high).

[0] Jinling Analysis Database
[1] Yahoo Finance - Puxing Energy (00090.HK)
[2] Eastmoney Stock Bar - Puxing Energy (00090)
[3] Sina Finance - Hong Kong Stock Closing | Three Major Indices Closed Down with Weekly Volatility, AI Application Concept Strengthened Against the Trend