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Hong Kong (HSI) Utilities Sector Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies58
  • 7D-0.07%
  • 3M4.4%
  • 1Y16.3%
  • YTD6.5%

The Utilities industry is up 1.1% in the last week, with CGN Power up 1.9%. This takes the industry's 12 month performance to a gain of 19%. Earnings are forecast to grow by 6.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026HK$1.8tHK$1.7tHK$131.3b10x13.9x1.1x
Sat, 24 Jan 2026HK$1.8tHK$1.7tHK$130.1b10x13.7x1x
Mon, 22 Dec 2025HK$1.7tHK$1.7tHK$129.2b9.1x13.3x1x
Wed, 19 Nov 2025HK$1.7tHK$1.7tHK$129.3b9.3x13.5x1x
Fri, 17 Oct 2025HK$1.7tHK$1.7tHK$126.3b9.9x13.8x1x
Sun, 14 Sep 2025HK$1.9tHK$1.8tHK$132.1b10.3x14.3x1x
Tue, 12 Aug 2025HK$1.9tHK$1.8tHK$134.0b10.2x14x1x
Thu, 10 Jul 2025HK$1.8tHK$1.8tHK$132.9b9.3x13.7x1x
Sat, 07 Jun 2025HK$1.8tHK$1.8tHK$133.1b8.9x13.6x1x
Mon, 05 May 2025HK$1.7tHK$1.8tHK$132.4b8.9x13x1x
Wed, 02 Apr 2025HK$1.7tHK$1.8tHK$133.3b8.6x12.8x0.9x
Fri, 28 Feb 2025HK$1.7tHK$1.8tHK$123.8b8.6x13.6x0.9x
Sun, 26 Jan 2025HK$1.6tHK$1.8tHK$119.9b8x13.6x0.9x
Tue, 24 Dec 2024HK$1.7tHK$1.8tHK$119.3b8.7x14.5x1x
Thu, 21 Nov 2024HK$1.7tHK$1.8tHK$120.0b8.3x14.2x0.9x
Sat, 19 Oct 2024HK$1.7tHK$1.8tHK$124.5b9x13.8x0.9x
Mon, 16 Sep 2024HK$1.6tHK$1.8tHK$124.9b7.8x13x0.9x
Wed, 14 Aug 2024HK$1.8tHK$1.8tHK$124.8b8.6x14.2x1x
Fri, 12 Jul 2024HK$1.8tHK$1.8tHK$124.7b9.1x14.1x1x
Sun, 09 Jun 2024HK$1.8tHK$1.8tHK$125.4b9.9x14.3x1x
Tue, 07 May 2024HK$1.7tHK$1.8tHK$125.8b9.1x13.5x0.9x
Thu, 04 Apr 2024HK$1.6tHK$1.8tHK$121.3b9.1x13.5x0.9x
Sat, 02 Mar 2024HK$1.6tHK$1.8tHK$120.7b8.5x13.5x0.9x
Mon, 29 Jan 2024HK$1.6tHK$1.8tHK$125.1b8.2x12.7x0.9x
Wed, 27 Dec 2023HK$1.5tHK$1.8tHK$125.2b8x12.3x0.8x
Fri, 24 Nov 2023HK$1.5tHK$1.8tHK$126.6b8x12x0.8x
Sun, 22 Oct 2023HK$1.5tHK$1.8tHK$114.9b7.9x12.7x0.8x
Tue, 19 Sep 2023HK$1.5tHK$1.8tHK$115.1b8.5x13.2x0.8x
Thu, 17 Aug 2023HK$1.6tHK$1.8tHK$108.4b9.9x14.9x0.9x
Sat, 15 Jul 2023HK$1.7tHK$1.8tHK$92.7b9.4x18.4x0.9x
Mon, 12 Jun 2023HK$1.7tHK$1.8tHK$95.2b9.8x17.7x0.9x
Wed, 10 May 2023HK$1.8tHK$1.9tHK$96.2b10x18.5x1x
Fri, 07 Apr 2023HK$1.6tHK$1.9tHK$90.4b9.9x18x0.9x
Sun, 05 Mar 2023HK$1.7tHK$1.8tHK$60.9b8.9x28.2x1x
Price to Earnings Ratio

28.2x


Total Market Cap: HK$1.7tTotal Earnings: HK$60.9bTotal 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 14.4x.
  • 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 29% 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 Market0.50%
Utilities-0.068%
Renewable Energy1.09%
Other Utilities0.74%
Water Utilities0.73%
Gas Utilities-0.47%
Electric Utilities-1.35%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above 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 9.5% 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$3.181.9%
+HK$3.0b		25.2%PE15x
916 China Longyuan Power GroupHK$7.242.3%
+HK$1.3b		16.2%PE11.7x
991 Datang International Power GenerationHK$2.462.9%
+HK$1.3b		69.7%PE5.9x
384 China Gas HoldingsHK$8.212.4%
+HK$1.0b		19.3%PE15.8x
902 Huaneng Power InternationalHK$5.610.9%
+HK$784.9m		29.9%PE6.6x

Latest News

902
HK$5.61
Huaneng Power International
7D
0.9%
1Y
29.9%

902: Upcoming Governance Meeting Will Support Future Upside For Undervalued Shares

Analysts have slightly reduced their HK$ price target on Huaneng Power International, reflecting only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, while keeping the overall fair value estimate broadly unchanged. What's in the News A special and extraordinary shareholders meeting is scheduled for December 23, 2025, at 09:00 China Standard Time, to be held in the company’s meeting room in Xicheng District, Beijing, China (Key Developments).
2688
HK$68.65
ENN Energy Holdings
7D
-1.6%
1Y
26.9%

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$1.65
Shandong Hi-Speed Holdings Group
7D
-7.3%
1Y
-72.3%
1816
HK$3.18
CGN Power
7D
1.9%
1Y
25.2%
2
HK$75.05
CLP Holdings
7D
-1.9%
1Y
14.7%
991
HK$2.46
Datang International Power Generation
7D
2.9%
1Y
69.7%

Datang International Power Generation (HKG:991) Takes On Some Risk With Its Use Of Debt

Feb 01
Datang International Power Generation (HKG:991) Takes On Some Risk With Its Use Of Debt
135
HK$8.25
Kunlun Energy
7D
0.7%
1Y
8.8%
1083
HK$3.87
Towngas Smart Energy
7D
3.2%
1Y
26.5%

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?
384
HK$8.21
China Gas Holdings
7D
2.4%
1Y
19.3%

Is There An Opportunity With China Gas Holdings Limited's (HKG:384) 49% Undervaluation?

Jan 27
Is There An Opportunity With China Gas Holdings Limited's (HKG:384) 49% Undervaluation?
1798
HK$1.89
China Datang Corporation Renewable Power
7D
-6.9%
1Y
-10.0%

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$61.30
Power Assets Holdings
7D
-1.5%
1Y
18.7%
3
HK$7.62
Hong Kong and China Gas
7D
-1.7%
1Y
22.9%

Calculating The Fair Value Of The Hong Kong and China Gas Company Limited (HKG:3)

Jan 19
Calculating The Fair Value Of The Hong Kong and China Gas Company Limited (HKG:3)
1193
HK$21.32
China Resources Gas Group
7D
-1.2%
1Y
-20.3%
2380
HK$3.18
China Power International Development
7D
1.3%
1Y
5.3%
1038
HK$64.10
CK Infrastructure Holdings
7D
-1.4%
1Y
20.0%
916
HK$7.24
China Longyuan Power Group
7D
2.3%
1Y
16.2%