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Hong Kong (HSI) Utilities Sector Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies58
  • 7D0.5%
  • 3M5.8%
  • 1Y17.2%
  • YTD6.4%

The Utilities industry has stayed flat over the last week. As for the the longer term, the industry is up 17% over the past 12 months. Earnings are forecast to grow by 7.0% annually.

Sector Valuation and Performance

Has the Hong Kong Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026HK$1.8tHK$1.7tHK$130.9b9.9x13.9x1.1x
Tue, 20 Jan 2026HK$1.8tHK$1.7tHK$130.1b9x13.5x1x
Thu, 18 Dec 2025HK$1.7tHK$1.7tHK$129.2b8.8x13.2x1x
Sat, 15 Nov 2025HK$1.8tHK$1.7tHK$129.3b9.5x13.7x1.1x
Mon, 13 Oct 2025HK$1.7tHK$1.7tHK$126.3b9.8x13.6x1x
Wed, 10 Sep 2025HK$1.9tHK$1.8tHK$132.2b10.5x14.2x1x
Fri, 08 Aug 2025HK$1.9tHK$1.8tHK$134.0b10.2x13.9x1x
Sun, 06 Jul 2025HK$1.8tHK$1.8tHK$133.0b9.2x13.7x1x
Tue, 03 Jun 2025HK$1.8tHK$1.8tHK$133.8b8.8x13.3x1x
Thu, 01 May 2025HK$1.7tHK$1.8tHK$131.6b9x13.1x1x
Sat, 29 Mar 2025HK$1.7tHK$1.8tHK$136.9b8.3x12.3x0.9x
Mon, 24 Feb 2025HK$1.7tHK$1.8tHK$119.7b8.5x13.9x0.9x
Wed, 22 Jan 2025HK$1.6tHK$1.8tHK$119.6b8x13.7x0.9x
Fri, 20 Dec 2024HK$1.7tHK$1.8tHK$119.4b8.7x14.4x1x
Sun, 17 Nov 2024HK$1.7tHK$1.8tHK$120.1b8.3x14x0.9x
Tue, 15 Oct 2024HK$1.7tHK$1.8tHK$124.9b9.3x13.8x0.9x
Thu, 12 Sep 2024HK$1.6tHK$1.8tHK$124.7b7.8x12.9x0.9x
Sat, 10 Aug 2024HK$1.8tHK$1.8tHK$124.9b8.7x14.1x1x
Mon, 08 Jul 2024HK$1.8tHK$1.8tHK$124.7b9.2x14.3x1x
Wed, 05 Jun 2024HK$1.8tHK$1.8tHK$125.5b9.5x14.1x1x
Fri, 03 May 2024HK$1.7tHK$1.8tHK$125.6b9.2x13.3x0.9x
Sun, 31 Mar 2024HK$1.6tHK$1.8tHK$121.6b9x13.4x0.9x
Tue, 27 Feb 2024HK$1.6tHK$1.8tHK$124.8b8.6x13.1x0.9x
Thu, 25 Jan 2024HK$1.6tHK$1.9tHK$125.6b8.1x12.4x0.8x
Sat, 23 Dec 2023HK$1.5tHK$1.8tHK$125.3b7.9x12.2x0.8x
Mon, 20 Nov 2023HK$1.5tHK$1.8tHK$126.4b8.1x11.9x0.8x
Wed, 18 Oct 2023HK$1.5tHK$1.8tHK$114.9b8.1x13x0.8x
Fri, 15 Sep 2023HK$1.5tHK$1.8tHK$115.0b8.3x13.2x0.8x
Sun, 13 Aug 2023HK$1.6tHK$1.8tHK$108.3b9.8x15.1x0.9x
Tue, 11 Jul 2023HK$1.7tHK$1.8tHK$92.3b9.7x18.2x0.9x
Thu, 08 Jun 2023HK$1.7tHK$1.8tHK$95.3b9.3x17.5x0.9x
Sat, 06 May 2023HK$1.8tHK$1.9tHK$95.9b9.9x18.4x0.9x
Mon, 03 Apr 2023HK$1.7tHK$1.9tHK$90.5b10.3x18.4x0.9x
Wed, 01 Mar 2023HK$1.7tHK$1.8tHK$60.8b8.6x27.4x0.9x
Price to Earnings Ratio

27.4x


Total Market Cap: HK$1.7tTotal Earnings: HK$60.8bTotal Revenue: HK$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 14.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the Hong Kong Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 14.5x.
  • The 3-year average PS ratio of 0.94x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 30% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Hong Kong Utilities sector?

HK Market0.35%
Utilities0.51%
Other Utilities2.65%
Water Utilities1.43%
Gas Utilities0.86%
Renewable Energy0.81%
Electric Utilities-0.33%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 17.2x.
    • Analysts are expecting annual earnings growth of 3.9%, which is lower than the prior year's growth of 9.3% per year.
  • Investors are most pessimistic about the Other Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.0x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 9.6% over the next 5 years.
  • This is better than its past earnings decline of 6.7% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 3.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
1816 CGN PowerHK$3.162.3%
+HK$3.5b		22.5%PE15x
2688 ENN Energy HoldingsHK$69.151.5%
+HK$1.1b		31.7%PE11.6x
1193 China Resources Gas GroupHK$21.802.3%
+HK$1.1b		-17.3%PE16.6x
135 Kunlun EnergyHK$8.261.5%
+HK$1.0b		8.5%PE10.9x
371 Beijing Enterprises Water GroupHK$2.872.5%
+HK$703.3m		27.0%PE19x

Latest News

182
HK$0.34
Concord New Energy Group
7D
-1.4%
1Y
-27.7%
2688
HK$69.15
ENN Energy Holdings
7D
1.5%
1Y
31.7%

2688: Fair Value Will Remain Steady As Index Removal Reshapes Flows

ENN Energy Holdings’ analyst price target has been adjusted slightly, reflecting updated assumptions on discount rate, revenue growth, profit margin, and a modestly lower future P/E. Analysts are broadly keeping their fair value view steady at around HK$74.23.
412
HK$1.72
Shandong Hi-Speed Holdings Group
7D
-2.3%
1Y
-72.6%
1816
HK$3.16
CGN Power
7D
2.3%
1Y
22.5%
2
HK$76.45
CLP Holdings
7D
-0.6%
1Y
18.6%
135
HK$8.26
Kunlun Energy
7D
1.5%
1Y
8.5%
1083
HK$3.81
Towngas Smart Energy
7D
3.0%
1Y
25.7%

Is Towngas Smart Energy Company Limited (HKG:1083) Worth HK$3.7 Based On Its Intrinsic Value?

Jan 28
Is Towngas Smart Energy Company Limited (HKG:1083) Worth HK$3.7 Based On Its Intrinsic Value?
270
HK$7.67
Guangdong Investment
7D
0.9%
1Y
28.5%
1811
HK$2.61
CGN New Energy Holdings
7D
-0.4%
1Y
12.5%
392
HK$35.26
Beijing Enterprises Holdings
7D
-0.3%
1Y
28.5%

Beijing Enterprises Holdings Limited (HKG:392) Shares Could Be 26% Below Their Intrinsic Value Estimate

Jan 26
Beijing Enterprises Holdings Limited (HKG:392) Shares Could Be 26% Below Their Intrinsic Value Estimate
1798
HK$2.02
China Datang Corporation Renewable Power
7D
-0.5%
1Y
-2.9%

A Look At The Fair Value Of China Datang Corporation Renewable Power Co., Limited (HKG:1798)

Jan 23
A Look At The Fair Value Of China Datang Corporation Renewable Power Co., Limited (HKG:1798)
6
HK$61.45
Power Assets Holdings
7D
-0.2%
1Y
22.0%
3633
HK$2.73
Zhongyu Energy Holdings
7D
5.4%
1Y
-37.5%

Some Investors May Be Worried About Zhongyu Energy Holdings' (HKG:3633) Returns On Capital

Jan 15
Some Investors May Be Worried About Zhongyu Energy Holdings' (HKG:3633) Returns On Capital
371
HK$2.87
Beijing Enterprises Water Group
7D
2.5%
1Y
27.0%

Beijing Enterprises Water Group's (HKG:371) Returns On Capital Not Reflecting Well On The Business

Jan 14
Beijing Enterprises Water Group's (HKG:371) Returns On Capital Not Reflecting Well On The Business
1193
HK$21.80
China Resources Gas Group
7D
2.3%
1Y
-17.3%
1038
HK$64.20
CK Infrastructure Holdings
7D
-0.3%
1Y
23.0%