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Hong Kong (HSI) Utilities Sector Analysis

UpdatedJan 28, 2026
DataAggregated Company Financials
Companies58
  • 7D1.0%
  • 3M2.5%
  • 1Y17.4%
  • YTD4.5%

In the last week, the Utilities industry is up 1.7%, with CK Infrastructure Holdings up 5.7%. Meanwhile, Datang International Power Generation actually underperformed within the industry, shrinking 5.2% in the last week. This means that the industry has gained 17% over the past year. Looking forward, earnings are forecast to grow by 7.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026HK$1.8tHK$1.7tHK$130.2b9.6x13.7x1x
Fri, 26 Dec 2025HK$1.7tHK$1.7tHK$129.5b9.5x13.5x1x
Sun, 23 Nov 2025HK$1.7tHK$1.7tHK$129.3b8.8x13.3x1x
Tue, 21 Oct 2025HK$1.7tHK$1.7tHK$126.3b9.9x13.7x1x
Thu, 18 Sep 2025HK$1.9tHK$1.8tHK$132.2b10.2x14.1x1x
Sat, 16 Aug 2025HK$1.9tHK$1.8tHK$133.9b10.3x13.9x1x
Mon, 14 Jul 2025HK$1.8tHK$1.8tHK$133.0b9.8x13.7x1x
Wed, 11 Jun 2025HK$1.8tHK$1.8tHK$133.1b9.2x13.6x1x
Fri, 09 May 2025HK$1.7tHK$1.8tHK$132.9b9x13.1x1x
Sun, 06 Apr 2025HK$1.7tHK$1.8tHK$133.0b8.7x12.9x0.9x
Tue, 04 Mar 2025HK$1.7tHK$1.8tHK$123.6b8.7x13.5x0.9x
Thu, 30 Jan 2025HK$1.6tHK$1.8tHK$119.9b8x13.6x0.9x
Sat, 28 Dec 2024HK$1.7tHK$1.8tHK$119.3b8.7x14.6x1x
Mon, 25 Nov 2024HK$1.7tHK$1.8tHK$120.0b8.1x14x0.9x
Wed, 23 Oct 2024HK$1.7tHK$1.8tHK$124.4b9.1x13.9x1x
Fri, 20 Sep 2024HK$1.7tHK$1.8tHK$125.1b8.1x13.2x0.9x
Sun, 18 Aug 2024HK$1.8tHK$1.8tHK$123.9b8.6x14.3x1x
Tue, 16 Jul 2024HK$1.8tHK$1.8tHK$124.7b9.1x14.2x1x
Thu, 13 Jun 2024HK$1.8tHK$1.8tHK$125.3b9.6x14x1x
Sat, 11 May 2024HK$1.7tHK$1.8tHK$125.7b9.4x13.9x1x
Mon, 08 Apr 2024HK$1.6tHK$1.8tHK$121.3b9x13.3x0.9x
Wed, 06 Mar 2024HK$1.6tHK$1.8tHK$120.7b8.3x13.6x0.9x
Fri, 02 Feb 2024HK$1.6tHK$1.8tHK$124.9b8x12.6x0.9x
Sun, 31 Dec 2023HK$1.6tHK$1.8tHK$125.4b8.2x12.5x0.8x
Tue, 28 Nov 2023HK$1.5tHK$1.8tHK$126.5b7.9x11.9x0.8x
Thu, 26 Oct 2023HK$1.5tHK$1.8tHK$122.9b7.7x11.8x0.8x
Sat, 23 Sep 2023HK$1.5tHK$1.8tHK$115.1b8.3x13.2x0.8x
Mon, 21 Aug 2023HK$1.6tHK$1.8tHK$108.4b9.4x14.6x0.9x
Wed, 19 Jul 2023HK$1.7tHK$1.8tHK$92.5b9.3x18.1x0.9x
Fri, 16 Jun 2023HK$1.6tHK$1.8tHK$95.0b9.7x17.2x0.9x
Sun, 14 May 2023HK$1.8tHK$1.9tHK$96.0b10x18.5x1x
Tue, 11 Apr 2023HK$1.6tHK$1.9tHK$91.6b9.1x17.9x0.9x
Thu, 09 Mar 2023HK$1.7tHK$1.8tHK$60.9b8.7x28x0.9x
Sat, 04 Feb 2023HK$1.7tHK$1.8tHK$59.1b8.8x29.5x1x
Price to Earnings Ratio

29.5x


Total Market Cap: HK$1.7tTotal Earnings: HK$59.1bTotal Revenue: HK$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 14.8x202420252026
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 14.8x.
  • The 3-year average PS ratio of 0.94x 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 30% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.1% 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 Market1.90%
Utilities1.05%
Other Utilities6.07%
Electric Utilities4.04%
Water Utilities1.38%
Gas Utilities0.61%
Renewable Energy-0.90%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 17.3x.
    • 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 10% 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
1038 CK Infrastructure HoldingsHK$63.705.7%
+HK$8.7b		20.2%PE19.7x
6 Power Assets HoldingsHK$60.005.6%
+HK$6.8b		19.2%PE20.8x
2 CLP HoldingsHK$74.452.2%
+HK$4.0b		15.0%PE16.5x
392 Beijing Enterprises HoldingsHK$34.644.2%
+HK$1.8b		29.7%PE7.2x
3 Hong Kong and China GasHK$7.271.0%
+HK$1.3b		21.8%PE24.1x

Latest News

902
HK$5.81
Huaneng Power International
7D
-0.7%
1Y
42.4%
392
HK$34.64
Beijing Enterprises Holdings
7D
4.2%
1Y
29.7%

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Jan 26
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2688
HK$67.80
ENN Energy Holdings
7D
-0.7%
1Y
29.0%

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1816
HK$3.11
CGN Power
7D
-0.3%
1Y
23.9%
6
HK$60.00
Power Assets Holdings
7D
5.6%
1Y
19.2%
412
HK$1.63
Shandong Hi-Speed Holdings Group
7D
-10.4%
1Y
-72.7%

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Jan 20
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2
HK$74.45
CLP Holdings
7D
2.2%
1Y
15.0%

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Jan 19
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3
HK$7.27
Hong Kong and China Gas
7D
1.0%
1Y
21.8%

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Jan 19
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2638
HK$6.67
HK Electric Investments and HK Electric Investments
7D
2.1%
1Y
27.5%

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Jan 19
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855
HK$5.38
China Water Affairs Group
7D
-2.5%
1Y
19.8%
1193
HK$21.32
China Resources Gas Group
7D
-3.3%
1Y
-19.4%
270
HK$7.04
Guangdong Investment
7D
1.9%
1Y
19.7%
451
HK$1.38
GCL New Energy Holdings
7D
-14.8%
1Y
187.5%
1038
HK$63.70
CK Infrastructure Holdings
7D
5.7%
1Y
20.2%
991
HK$2.38
Datang International Power Generation
7D
-5.2%
1Y
77.6%
135
HK$7.95
Kunlun Energy
7D
1.0%
1Y
6.7%

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Dec 16
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