Hong Kong Utilities Undervalued based on future growth

Huaneng Power International

Market Cap: HK$112.3b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

China Power International Development

Market Cap: HK$37.7b

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$19.5b

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$16.4b

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

CGN New Energy Holdings

Market Cap: HK$10.3b

Generates and supplies electricity and steam in the People’s Republic of China and Republic of Korea.

China Water Affairs Group

Market Cap: HK$9.9b

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$3.2b

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

Binhai Investment

Market Cap: HK$1.4b

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

Tonking New Energy Group Holdings

Market Cap: HK$190.2m

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