Hong Kong Utilities Undervalued based on future growth

China Longyuan Power Group

Market Cap: HK$106.3b

Generates and sells wind, coal, and photovoltaic (PV) power in the Chinese Mainland, Canada, South Africa, and Ukraine.

China Resources Power Holdings

Market Cap: HK$91.2b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

China Power International Development

Market Cap: HK$42.1b

An investment holding company, develops, constructs, owns, operates, and manages power plants in the People’s Republic of China and internationally.

Beijing Jingneng Clean Energy

Market Cap: HK$18.9b

Generates gas-fired power and heat energy, wind power, photovoltaic power, and hydropower in Mainland China and internationally.

China Datang Corporation Renewable Power

Market Cap: HK$15.6b

Engages in the investment, development, construction, and management of wind power and other renewable energy sources in the People's Republic of China.

China Water Affairs Group

Market Cap: HK$8.5b

An investment holding company, engages in the water supply, environmental protection, and property businesses in the People’s Republic of China.

Tian Lun Gas Holdings

Market Cap: HK$2.8b

Engages in the transportation, distribution, and sale of natural gas and compressed natural gas through its gas pipeline connections in the People’ Republic of China.

Concord New Energy Group

Market Cap: HK$2.5b

An investment holding company, engages in the generation of power in the People’s Republic of China and internationally.

Binhai Investment

Market Cap: HK$1.5b

An investment holding company, operates in gas business in the People’s Republic of China.

Tonking New Energy Group Holdings

Market Cap: HK$206.1m

An investment holding company, engages in the renewable energy business in the People’s Republic of China.