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Hong Kong (HSI) Utilities Sector Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies58
  • 7D-0.4%
  • 3M1.6%
  • 1Y14.0%
  • YTD5.2%

Over the last 7 days, the Utilities industry has dropped 1.9%, driven by declines in China Longyuan Power Group and ENN Energy Holdings of 5.3% and 3.9%, respectively. Over the past 12 months, the industry was up 12%. Earnings are forecast to grow by 4.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026HK$1.8tHK$1.7tHK$128.1b10.1x14.2x1.1x
Thu, 19 Mar 2026HK$1.9tHK$1.7tHK$130.6b9.2x14.3x1.1x
Sat, 14 Feb 2026HK$1.8tHK$1.7tHK$130.8b9.5x13.8x1.1x
Mon, 12 Jan 2026HK$1.7tHK$1.7tHK$130.0b9x13.4x1x
Wed, 10 Dec 2025HK$1.7tHK$1.7tHK$129.0b9.2x13.2x1x
Fri, 07 Nov 2025HK$1.8tHK$1.7tHK$129.1b9.8x13.8x1.1x
Sun, 05 Oct 2025HK$1.7tHK$1.7tHK$126.4b10x13.3x1x
Tue, 02 Sep 2025HK$1.8tHK$1.8tHK$132.1b10.2x14x1x
Thu, 31 Jul 2025HK$1.9tHK$1.8tHK$134.4b10.1x14.1x1x
Sat, 28 Jun 2025HK$1.8tHK$1.8tHK$133.2b9.3x13.4x1x
Mon, 26 May 2025HK$1.8tHK$1.8tHK$133.9b8.9x13.4x1x
Wed, 23 Apr 2025HK$1.7tHK$1.8tHK$132.5b8.5x12.8x0.9x
Fri, 21 Mar 2025HK$1.7tHK$1.8tHK$124.8b9.1x13.7x0.9x
Sun, 16 Feb 2025HK$1.6tHK$1.8tHK$119.8b8.3x13.7x0.9x
Tue, 14 Jan 2025HK$1.6tHK$1.8tHK$119.2b7.8x13.6x0.9x
Thu, 12 Dec 2024HK$1.7tHK$1.8tHK$119.6b8.6x14.4x1x
Sat, 09 Nov 2024HK$1.7tHK$1.8tHK$120.6b8.8x14.4x1x
Mon, 07 Oct 2024HK$1.8tHK$1.8tHK$124.9b9.8x14.4x1x
Wed, 04 Sep 2024HK$1.7tHK$1.8tHK$124.5b8.4x13.7x0.9x
Fri, 02 Aug 2024HK$1.8tHK$1.8tHK$123.5b8.9x14.2x1x
Sun, 30 Jun 2024HK$1.8tHK$1.8tHK$124.7b9.6x14x1x
Tue, 28 May 2024HK$1.8tHK$1.8tHK$125.4b9.7x14.2x1x
Thu, 25 Apr 2024HK$1.7tHK$1.8tHK$123.9b9x13.4x0.9x
Sat, 23 Mar 2024HK$1.7tHK$1.8tHK$121.5b8.1x13.6x0.9x
Mon, 19 Feb 2024HK$1.6tHK$1.8tHK$124.8b8.1x12.7x0.9x
Wed, 17 Jan 2024HK$1.6tHK$1.8tHK$124.8b8.3x12.7x0.9x
Fri, 15 Dec 2023HK$1.5tHK$1.8tHK$125.1b7.7x11.9x0.8x
Sun, 12 Nov 2023HK$1.5tHK$1.8tHK$125.9b8x11.7x0.8x
Tue, 10 Oct 2023HK$1.5tHK$1.8tHK$115.0b8x13x0.8x
Thu, 07 Sep 2023HK$1.5tHK$1.8tHK$115.2b8.3x13.2x0.8x
Sat, 05 Aug 2023HK$1.7tHK$1.8tHK$98.7b9.5x16.8x0.9x
Mon, 03 Jul 2023HK$1.7tHK$1.8tHK$92.2b9.9x18.7x1x
Wed, 31 May 2023HK$1.7tHK$1.8tHK$95.4b9.5x17.8x0.9x
Fri, 28 Apr 2023HK$1.7tHK$1.9tHK$95.1b10.1x18x0.9x
Price to Earnings Ratio

18x


Total Market Cap: HK$1.7tTotal Earnings: HK$95.1bTotal Revenue: HK$1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 14x202420252026
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 14.0x.
  • The 3-year average PS ratio of 0.95x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 11% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.7% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

HK Market1.70%
Utilities-0.38%
Other Utilities0.83%
Renewable Energy-0.18%
Electric Utilities-0.23%
Water Utilities-0.71%
Gas Utilities-0.87%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 17.1x.
    • Analysts expect its future annual earnings growth (1.4%) to be largely in line with prior year's earnings growth.
  • 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 6.1% over the next 5 years.
  • This is better than its past earnings decline of 9.9% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
902 Huaneng Power InternationalHK$6.242.8%
+HK$2.7b		32.8%PE7.3x
836 China Resources Power HoldingsHK$19.252.1%
+HK$2.0b		4.4%PE6.9x
2380 China Power International DevelopmentHK$3.273.2%
+HK$1.2b		10.1%PE12.1x
1038 CK Infrastructure HoldingsHK$65.950.7%
+HK$1.1b		33.8%PE20.1x
392 Beijing Enterprises HoldingsHK$31.622.2%
+HK$855.4m		4.5%PE6.9x

Latest News

1798
HK$1.51
China Datang Corporation Renewable Power
7D
2.7%
1Y
-29.8%
1038
HK$65.95
CK Infrastructure Holdings
7D
0.7%
1Y
33.8%
270
HK$8.01
Guangdong Investment
7D
-1.7%
1Y
33.5%
902
HK$6.24
Huaneng Power International
7D
2.8%
1Y
32.8%
2
HK$74.95
CLP Holdings
7D
-0.4%
1Y
15.8%

2: Dividend Timeline And Unchanged Assumptions Will Guide Measured Forward Outlook

Analysts have kept their HK$76.35 fair value estimate for CLP Holdings unchanged, reflecting consistent assumptions on revenue growth, profit margin and future P/E. They see no new information to warrant a different price target right now.
916
HK$6.26
China Longyuan Power Group
7D
-5.3%
1Y
2.3%
2688
HK$62.45
ENN Energy Holdings
7D
-3.9%
1Y
2.5%

2688: Fair Value Should Remain Supported As Upcoming Dividend Review Guides Outlook

Analysts have trimmed their price target for ENN Energy Holdings to HK$73.46 from HK$74.92, reflecting updated assumptions for softer revenue growth, slightly lower profit margins, and a higher future P/E multiple. What's in the News A board meeting is scheduled for March 27, 2026 to review the annual results for the year ended December 31, 2025 and to consider a final dividend, if any (Key Developments).
1816
HK$3.36
CGN Power
7D
-0.9%
1Y
32.3%
392
HK$31.62
Beijing Enterprises Holdings
7D
2.2%
1Y
4.5%

Beijing Enterprises Holdings Limited (HKG:392) Full-Year Results: Here's What Analysts Are Forecasting For This Year

Mar 30
Beijing Enterprises Holdings Limited (HKG:392) Full-Year Results: Here's What Analysts Are Forecasting For This Year
182
HK$0.29
Concord New Energy Group
7D
23.4%
1Y
-35.6%
1193
HK$18.80
China Resources Gas Group
7D
-1.9%
1Y
-13.2%
2380
HK$3.27
China Power International Development
7D
3.2%
1Y
10.1%
135
HK$7.53
Kunlun Energy
7D
1.1%
1Y
0%
836
HK$19.25
China Resources Power Holdings
7D
2.1%
1Y
4.4%
3
HK$7.21
Hong Kong and China Gas
7D
-1.1%
1Y
4.5%
6
HK$64.15
Power Assets Holdings
7D
-1.2%
1Y
30.5%