Hong Kong Utilities Undervalued based on future growth

China Longyuan Power Group

Market Cap: HK$120.2b

Engages in new energy power generation in the Chinese Mainland, Canada, South Africa, and Ukraine.

Beijing Jingneng Clean Energy

Market Cap: HK$17.0b

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$10.5b

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$7.3b

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

Concord New Energy Group

Market Cap: HK$3.4b

An investment holding company, engages in the power generation business in the People’s Republic of China, North America, Europe, Oceania, Southeast Asia, and internationally.

Shandong Hi-Speed New Energy Group

Market Cap: HK$2.8b

Engages in investment, development, construction, operation, and management of photovoltaic power, wind power, and clean heat supply service businesses in the People’s Republic of China.

China Everbright Greentech

Market Cap: HK$1.7b

An investment holding company, engages in the design, construction, operation, and maintenance of integrated biomass and waste-to-energy projects in China.

Tonking New Energy Group Holdings

Market Cap: HK$180.4m

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