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Hong Kong (HSI) Utilities Sector Analysis
UpdatedJan 21, 2026
DataAggregated Company Financials
Companies58
- 7D0.9%
- 3M1.8%
- 1Y15.3%
- YTD3.4%
Over the last 7 days, the Utilities industry has remained flat, although notably Kunlun Energy gained 5.8%. The past year has been better, since the industry has gained 15% in that time. 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 |
|---|---|---|---|---|---|---|
| Wed, 21 Jan 2026 | HK$1.8t | HK$1.7t | HK$130.2b | 9.1x | 13.6x | 1x |
| Fri, 19 Dec 2025 | HK$1.7t | HK$1.7t | HK$129.2b | 9.3x | 13.3x | 1x |
| Sun, 16 Nov 2025 | HK$1.8t | HK$1.7t | HK$129.3b | 9.5x | 13.7x | 1.1x |
| Tue, 14 Oct 2025 | HK$1.7t | HK$1.7t | HK$126.3b | 9.7x | 13.6x | 1x |
| Thu, 11 Sep 2025 | HK$1.9t | HK$1.8t | HK$132.2b | 10.2x | 14.2x | 1x |
| Sat, 09 Aug 2025 | HK$1.9t | HK$1.8t | HK$134.0b | 10.2x | 14x | 1x |
| Mon, 07 Jul 2025 | HK$1.8t | HK$1.8t | HK$133.0b | 9.2x | 13.7x | 1x |
| Wed, 04 Jun 2025 | HK$1.8t | HK$1.8t | HK$133.9b | 8.8x | 13.5x | 1x |
| Fri, 02 May 2025 | HK$1.7t | HK$1.8t | HK$132.6b | 8.9x | 13x | 1x |
| Sun, 30 Mar 2025 | HK$1.7t | HK$1.8t | HK$136.9b | 8.3x | 12.3x | 0.9x |
| Tue, 25 Feb 2025 | HK$1.7t | HK$1.8t | HK$119.8b | 8.8x | 14x | 0.9x |
| Thu, 23 Jan 2025 | HK$1.6t | HK$1.8t | HK$119.8b | 7.9x | 13.6x | 0.9x |
| Sat, 21 Dec 2024 | HK$1.7t | HK$1.8t | HK$119.4b | 8.6x | 14.3x | 1x |
| Mon, 18 Nov 2024 | HK$1.7t | HK$1.8t | HK$120.1b | 8.3x | 14x | 0.9x |
| Wed, 16 Oct 2024 | HK$1.7t | HK$1.8t | HK$124.4b | 9.2x | 13.6x | 0.9x |
| Fri, 13 Sep 2024 | HK$1.6t | HK$1.8t | HK$124.7b | 7.8x | 12.9x | 0.9x |
| Sun, 11 Aug 2024 | HK$1.8t | HK$1.8t | HK$124.9b | 8.7x | 14.1x | 1x |
| Tue, 09 Jul 2024 | HK$1.8t | HK$1.8t | HK$124.7b | 9.2x | 14.4x | 1x |
| Thu, 06 Jun 2024 | HK$1.8t | HK$1.8t | HK$125.4b | 9.4x | 14x | 1x |
| Sat, 04 May 2024 | HK$1.7t | HK$1.8t | HK$125.6b | 9.1x | 13.3x | 0.9x |
| Mon, 01 Apr 2024 | HK$1.6t | HK$1.8t | HK$121.3b | 9x | 13.4x | 0.9x |
| Wed, 28 Feb 2024 | HK$1.6t | HK$1.8t | HK$120.8b | 8.6x | 13.6x | 0.9x |
| Fri, 26 Jan 2024 | HK$1.6t | HK$1.8t | HK$125.0b | 8.2x | 12.8x | 0.9x |
| Sun, 24 Dec 2023 | HK$1.5t | HK$1.8t | HK$125.2b | 8x | 12.2x | 0.8x |
| Tue, 21 Nov 2023 | HK$1.5t | HK$1.8t | HK$126.6b | 8.1x | 12x | 0.8x |
| Thu, 19 Oct 2023 | HK$1.5t | HK$1.8t | HK$114.9b | 8.1x | 13x | 0.8x |
| Sat, 16 Sep 2023 | HK$1.5t | HK$1.8t | HK$115.0b | 8.3x | 13.2x | 0.8x |
| Mon, 14 Aug 2023 | HK$1.6t | HK$1.8t | HK$108.3b | 9.8x | 15.1x | 0.9x |
| Wed, 12 Jul 2023 | HK$1.7t | HK$1.8t | HK$92.5b | 9.5x | 18.2x | 0.9x |
| Fri, 09 Jun 2023 | HK$1.7t | HK$1.8t | HK$95.2b | 9.8x | 17.5x | 0.9x |
| Sun, 07 May 2023 | HK$1.8t | HK$1.9t | HK$95.9b | 9.9x | 18.4x | 0.9x |
| Tue, 04 Apr 2023 | HK$1.6t | HK$1.9t | HK$90.4b | 10.1x | 18.1x | 0.9x |
| Thu, 02 Mar 2023 | HK$1.7t | HK$1.8t | HK$60.8b | 8.7x | 27.8x | 0.9x |
| Sat, 28 Jan 2023 | HK$1.8t | HK$1.8t | HK$59.1b | 8.8x | 29.7x | 1x |
Price to Earnings Ratio
29.7x
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 14.9x.
- The 3-year average PS ratio of 0.93x 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, 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 Market | -0.81% | |
| Utilities | 0.92% | |
| Gas Utilities | 1.34% | |
| Other Utilities | 1.23% | |
| Electric Utilities | 0.85% | |
| Renewable Energy | 0.79% | |
| Water Utilities | 0.28% | |
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 3.8%, 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 3.8% 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 | |
|---|---|---|---|---|---|
| 135 Kunlun Energy | HK$7.87 | 5.8% +HK$3.7b | 7.1% | PE10.5x | |
| 991 Datang International Power Generation | HK$2.51 | 6.8% +HK$3.0b | 88.7% | PE6.1x | |
| 2 CLP Holdings | HK$72.85 | 1.5% +HK$2.7b | 11.1% | PE16.1x | |
| 392 Beijing Enterprises Holdings | HK$33.24 | 3.0% +HK$1.2b | 21.1% | PE6.9x | |
| 3 Hong Kong and China Gas | HK$7.20 | 0.8% +HK$1.1b | 18.2% | PE23.8x |
