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Hong Kong (HSI) Utilities Sector Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies58
  • 7D-2.1%
  • 3M0.1%
  • 1Y3.7%
  • YTD6.4%

Over the last 7 days, the Utilities industry has dropped 2.1%, driven by Huaneng Power International declining 7.1%. In the past year, the industry has gained 3.7%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jan 2026HK$1.7tHK$1.7tHK$129.6b9.5x13.2x1x
Sat, 29 Nov 2025HK$1.7tHK$1.7tHK$129.6b8.9x13.4x1x
Mon, 27 Oct 2025HK$1.7tHK$1.7tHK$126.3b9.8x13.7x1x
Wed, 24 Sep 2025HK$1.8tHK$1.8tHK$132.2b10.1x13.3x1x
Fri, 22 Aug 2025HK$1.8tHK$1.8tHK$133.4b10x13.9x1x
Sun, 20 Jul 2025HK$1.8tHK$1.8tHK$132.9b9.7x13.8x1x
Tue, 17 Jun 2025HK$1.8tHK$1.8tHK$133.1b9.2x13.6x1x
Thu, 15 May 2025HK$1.8tHK$1.8tHK$133.4b9.1x13.2x1x
Sat, 12 Apr 2025HK$1.6tHK$1.8tHK$132.6b8.2x12.4x0.9x
Mon, 10 Mar 2025HK$1.7tHK$1.8tHK$124.2b8.9x13.5x0.9x
Wed, 05 Feb 2025HK$1.6tHK$1.8tHK$119.9b8x13.6x0.9x
Fri, 03 Jan 2025HK$1.7tHK$1.8tHK$119.4b8.5x14.2x0.9x
Sun, 01 Dec 2024HK$1.7tHK$1.8tHK$120.4b8.2x13.7x0.9x
Tue, 29 Oct 2024HK$1.7tHK$1.8tHK$124.5b9x13.9x0.9x
Thu, 26 Sep 2024HK$1.7tHK$1.8tHK$125.4b8.8x13.7x0.9x
Sat, 24 Aug 2024HK$1.7tHK$1.8tHK$125.0b8.4x13.9x1x
Mon, 22 Jul 2024HK$1.8tHK$1.8tHK$124.7b8.8x14.1x1x
Wed, 19 Jun 2024HK$1.7tHK$1.8tHK$125.3b9.5x13.8x1x
Fri, 17 May 2024HK$1.8tHK$1.8tHK$125.7b9.5x14x1x
Sun, 14 Apr 2024HK$1.7tHK$1.8tHK$121.3b8.9x13.8x0.9x
Tue, 12 Mar 2024HK$1.7tHK$1.8tHK$120.7b8.6x13.8x0.9x
Thu, 08 Feb 2024HK$1.6tHK$1.8tHK$125.4b8.2x12.7x0.9x
Sat, 06 Jan 2024HK$1.6tHK$1.8tHK$125.2b8.2x12.7x0.9x
Mon, 04 Dec 2023HK$1.5tHK$1.8tHK$125.2b7.8x11.8x0.8x
Wed, 01 Nov 2023HK$1.5tHK$1.8tHK$124.6b7.8x11.8x0.8x
Fri, 29 Sep 2023HK$1.5tHK$1.8tHK$114.9b8.2x13.1x0.8x
Sun, 27 Aug 2023HK$1.5tHK$1.8tHK$112.8b8.7x13.6x0.8x
Tue, 25 Jul 2023HK$1.7tHK$1.8tHK$92.4b9.2x18x0.9x
Thu, 22 Jun 2023HK$1.6tHK$1.8tHK$94.9b9.4x17.2x0.9x
Sat, 20 May 2023HK$1.7tHK$1.8tHK$95.7b9.9x18.1x0.9x
Mon, 17 Apr 2023HK$1.7tHK$1.9tHK$91.6b9x18.5x0.9x
Wed, 15 Mar 2023HK$1.7tHK$1.8tHK$60.8b8.3x27.5x0.9x
Fri, 10 Feb 2023HK$1.8tHK$1.8tHK$59.1b9x29.7x1x
Sun, 08 Jan 2023HK$1.7tHK$1.8tHK$59.1b9x29.3x1x
Price to Earnings Ratio

29.3x


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 15.2x202420252026
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 13.2x which is lower than its 3-year average PE of 15.2x.
  • 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, 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-0.21%
Utilities-2.08%
Other Utilities0%0
Water Utilities-0.87%
Electric Utilities-0.89%
Gas Utilities-0.99%
Renewable Energy-3.75%
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 3.8%, which is lower than the prior year's growth of 9.3% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to 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 3.8% 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
1193 China Resources Gas GroupHK$22.621.2%
+HK$601.1m
-26.4%PE17.2x
1083 Towngas Smart EnergyHK$3.862.7%
+HK$367.2m
20.6%PE8.7x
1600 Tian Lun Gas HoldingsHK$3.457.8%
+HK$242.3m
-8.7%PE10.4x
1257 China Everbright GreentechHK$1.0212.1%
+HK$227.3m
4.1%PS0.3x
451 GCL New Energy HoldingsHK$0.819.5%
+HK$108.8m
67.0%PS0.9x

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