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Hong Kong (HSI) Utilities Sector Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies58
- 7D2.3%
- 3M0.9%
- 1Y13.1%
- YTD1.8%
Over the last 7 days, the Utilities industry has risen 2.3%, driven by gains from CGN Power of 4.8%. During this same period, the China Resources Gas Group underperformed, falling 5.7%. This means that the industry has gained 13% over the past year. Looking forward, earnings are forecast to grow by 7.4% annually.
Sector Valuation and Performance
Has the Hong Kong Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 09 Jan 2026 | HK$1.7t | HK$1.7t | HK$129.9b | 9x | 13.4x | 1x |
| Sun, 07 Dec 2025 | HK$1.7t | HK$1.7t | HK$129.0b | 9.4x | 13.5x | 1x |
| Tue, 04 Nov 2025 | HK$1.7t | HK$1.7t | HK$129.1b | 9.8x | 13.4x | 1x |
| Thu, 02 Oct 2025 | HK$1.7t | HK$1.7t | HK$126.5b | 10x | 13.3x | 1x |
| Sat, 30 Aug 2025 | HK$1.8t | HK$1.8t | HK$130.8b | 9.9x | 14.1x | 1x |
| Mon, 28 Jul 2025 | HK$1.9t | HK$1.8t | HK$133.0b | 10.2x | 14x | 1x |
| Wed, 25 Jun 2025 | HK$1.8t | HK$1.8t | HK$133.2b | 9.1x | 13.5x | 1x |
| Fri, 23 May 2025 | HK$1.8t | HK$1.8t | HK$133.6b | 9x | 13.4x | 1x |
| Sun, 20 Apr 2025 | HK$1.7t | HK$1.8t | HK$132.7b | 8.4x | 12.7x | 0.9x |
| Tue, 18 Mar 2025 | HK$1.7t | HK$1.8t | HK$124.6b | 9x | 13.7x | 0.9x |
| Thu, 13 Feb 2025 | HK$1.6t | HK$1.8t | HK$119.4b | 8.2x | 13.6x | 0.9x |
| Sat, 11 Jan 2025 | HK$1.6t | HK$1.8t | HK$119.2b | 7.9x | 13.6x | 0.9x |
| Mon, 09 Dec 2024 | HK$1.7t | HK$1.8t | HK$119.6b | 8.4x | 14.1x | 0.9x |
| Wed, 06 Nov 2024 | HK$1.7t | HK$1.8t | HK$121.0b | 8.8x | 14.4x | 1x |
| Fri, 04 Oct 2024 | HK$1.8t | HK$1.8t | HK$125.1b | 9.5x | 14.3x | 1x |
| Sun, 01 Sep 2024 | HK$1.7t | HK$1.8t | HK$124.7b | 8.5x | 13.9x | 0.9x |
| Tue, 30 Jul 2024 | HK$1.8t | HK$1.8t | HK$124.8b | 8.8x | 14.2x | 1x |
| Thu, 27 Jun 2024 | HK$1.7t | HK$1.8t | HK$124.9b | 9.5x | 13.9x | 1x |
| Sat, 25 May 2024 | HK$1.8t | HK$1.8t | HK$125.4b | 9.5x | 14x | 1x |
| Mon, 22 Apr 2024 | HK$1.6t | HK$1.8t | HK$121.3b | 8.8x | 13.5x | 0.9x |
| Wed, 20 Mar 2024 | HK$1.7t | HK$1.8t | HK$120.1b | 9x | 13.8x | 0.9x |
| Fri, 16 Feb 2024 | HK$1.6t | HK$1.8t | HK$125.3b | 8x | 12.4x | 0.8x |
| Sun, 14 Jan 2024 | HK$1.6t | HK$1.8t | HK$125.0b | 8.5x | 12.7x | 0.9x |
| Tue, 12 Dec 2023 | HK$1.5t | HK$1.8t | HK$124.8b | 7.8x | 11.9x | 0.8x |
| Thu, 09 Nov 2023 | HK$1.5t | HK$1.8t | HK$126.0b | 7.8x | 11.7x | 0.8x |
| Sat, 07 Oct 2023 | HK$1.5t | HK$1.8t | HK$115.0b | 8x | 13x | 0.8x |
| Mon, 04 Sep 2023 | HK$1.5t | HK$1.8t | HK$115.4b | 8.3x | 13.3x | 0.8x |
| Wed, 02 Aug 2023 | HK$1.7t | HK$1.8t | HK$98.7b | 9.5x | 17.2x | 0.9x |
| Fri, 30 Jun 2023 | HK$1.7t | HK$1.8t | HK$92.2b | 9.8x | 18.6x | 0.9x |
| Sun, 28 May 2023 | HK$1.7t | HK$1.8t | HK$95.5b | 9.6x | 17.7x | 0.9x |
| Tue, 25 Apr 2023 | HK$1.7t | HK$1.9t | HK$90.7b | 9.7x | 18.6x | 0.9x |
| Thu, 23 Mar 2023 | HK$1.7t | HK$1.8t | HK$71.2b | 8.7x | 23.6x | 0.9x |
| Sat, 18 Feb 2023 | HK$1.7t | HK$1.8t | HK$59.1b | 8.9x | 29.1x | 1x |
| Mon, 16 Jan 2023 | HK$1.7t | HK$1.8t | HK$59.1b | 8.8x | 29.1x | 0.9x |
Price to Earnings Ratio
29.1x
Current Industry PE
- Investors are pessimistic on the Hong Kong Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 13.4x which is lower than its 3-year average PE of 15.1x.
- The industry is trading close to its 3-year average PS ratio of 0.93x.
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 2.2% 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 Market | 1.60% | |
| Utilities | 2.34% | |
| Renewable Energy | 3.85% | |
| Water Utilities | 3.76% | |
| Electric Utilities | 2.57% | |
| Other Utilities | 1.24% | |
| Gas Utilities | -0.54% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 17.4x.
- 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 3.9x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1038 CK Infrastructure Holdings | HK$60.80 | 6.5% +HK$9.3b | 8.4% | PE18.8x | |
| 1816 CGN Power | HK$3.07 | 3.7% +HK$5.6b | 24.3% | PE14.8x | |
| 6 Power Assets Holdings | HK$57.70 | 4.6% +HK$5.4b | 9.8% | PE20x | |
| 991 Datang International Power Generation | HK$2.29 | 4.6% +HK$1.9b | 73.5% | PE5.6x | |
| 412 Shandong Hi-Speed Holdings Group | HK$1.70 | 19.7% +HK$1.7b | -71.3% | PE19.6x |
