Hong Kong (HSI) Utilities Sector Analysis

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
Mon, 10 Aug 2026	HK$1.7t	HK$1.7t	HK$127.3b	9.1x	13.5x	1x
Wed, 08 Jul 2026	HK$1.7t	HK$1.7t	HK$126.6b	9.2x	13.1x	1x
Fri, 05 Jun 2026	HK$1.9t	HK$1.7t	HK$126.6b	9.9x	14.9x	1.1x
Sun, 03 May 2026	HK$1.8t	HK$1.7t	HK$126.9b	10.6x	14.5x	1.1x
Tue, 31 Mar 2026	HK$1.8t	HK$1.7t	HK$130.9b	9.2x	13.9x	1.1x
Thu, 26 Feb 2026	HK$1.8t	HK$1.7t	HK$131.3b	10x	13.9x	1.1x
Sat, 24 Jan 2026	HK$1.8t	HK$1.7t	HK$130.1b	10x	13.7x	1x
Mon, 22 Dec 2025	HK$1.7t	HK$1.7t	HK$129.2b	9.1x	13.3x	1x
Wed, 19 Nov 2025	HK$1.7t	HK$1.7t	HK$129.3b	9.3x	13.5x	1x
Fri, 17 Oct 2025	HK$1.7t	HK$1.7t	HK$126.3b	9.9x	13.8x	1x
Sun, 14 Sep 2025	HK$1.9t	HK$1.8t	HK$132.1b	10.3x	14.3x	1x
Tue, 12 Aug 2025	HK$1.9t	HK$1.8t	HK$134.0b	10.2x	14x	1x
Thu, 10 Jul 2025	HK$1.8t	HK$1.8t	HK$132.9b	9.3x	13.7x	1x
Sat, 07 Jun 2025	HK$1.8t	HK$1.8t	HK$133.1b	8.9x	13.6x	1x
Mon, 05 May 2025	HK$1.7t	HK$1.8t	HK$132.4b	8.9x	13x	1x
Wed, 02 Apr 2025	HK$1.7t	HK$1.8t	HK$133.3b	8.6x	12.8x	0.9x
Fri, 28 Feb 2025	HK$1.7t	HK$1.8t	HK$123.8b	8.6x	13.6x	0.9x
Sun, 26 Jan 2025	HK$1.6t	HK$1.8t	HK$119.9b	8x	13.6x	0.9x
Tue, 24 Dec 2024	HK$1.7t	HK$1.8t	HK$119.3b	8.7x	14.5x	1x
Thu, 21 Nov 2024	HK$1.7t	HK$1.8t	HK$120.0b	8.3x	14.2x	0.9x
Sat, 19 Oct 2024	HK$1.7t	HK$1.8t	HK$124.5b	9x	13.8x	0.9x
Mon, 16 Sep 2024	HK$1.6t	HK$1.8t	HK$124.9b	7.8x	13x	0.9x
Wed, 14 Aug 2024	HK$1.8t	HK$1.8t	HK$124.8b	8.6x	14.2x	1x
Fri, 12 Jul 2024	HK$1.8t	HK$1.8t	HK$124.7b	9.1x	14.1x	1x
Sun, 09 Jun 2024	HK$1.8t	HK$1.8t	HK$125.4b	9.9x	14.3x	1x
Tue, 07 May 2024	HK$1.7t	HK$1.8t	HK$125.8b	9.1x	13.5x	0.9x
Thu, 04 Apr 2024	HK$1.6t	HK$1.8t	HK$121.3b	9.1x	13.5x	0.9x
Sat, 02 Mar 2024	HK$1.6t	HK$1.8t	HK$120.7b	8.5x	13.5x	0.9x
Mon, 29 Jan 2024	HK$1.6t	HK$1.8t	HK$125.1b	8.2x	12.7x	0.9x
Wed, 27 Dec 2023	HK$1.5t	HK$1.8t	HK$125.2b	8x	12.3x	0.8x
Fri, 24 Nov 2023	HK$1.5t	HK$1.8t	HK$126.6b	8x	12x	0.8x
Sun, 22 Oct 2023	HK$1.5t	HK$1.8t	HK$114.9b	7.9x	12.7x	0.8x
Tue, 19 Sep 2023	HK$1.5t	HK$1.8t	HK$115.1b	8.5x	13.2x	0.8x
Thu, 17 Aug 2023	HK$1.6t	HK$1.8t	HK$108.4b	9.9x	14.9x	0.9x

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 13.6x.

The industry is trading close to its 3-year average PS ratio of 0.96x.

Past Earnings Growth

The earnings for companies in the Utilities industry have grown 5.5% 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	-1.00%
Utilities	-2.96%
Other Utilities	-0.93%
Electric Utilities	-1.51%
Renewable Energy	-3.30%
Water Utilities	-3.51%
Gas Utilities	-4.20%

Industry PE

Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 16.8x.

Analysts are expecting annual earnings growth of 0.3%, which is lower than the prior year's growth of 1.5% 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 4.1x.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 7.2% over the next 5 years.
This is better than its past earnings decline of 13% per year.

In contrast, the Electric Utilities industry is expected to see its earnings growth to stay flat 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
2 CLP Holdings	HK$77.95	0.5% +HK$1.0b	15.9%	PE18.2x
2688 ENN Energy Holdings	HK$46.92	0.6% +HK$333.6m	-27.4%	PE7.6x
527 China Ruifeng Renewable Energy Holdings	HK$0.72	17.9% +HK$188.6m	83.5%	PS2.6x
412 Shandong Hi-Speed Holdings Group	HK$0.47	4.4% +HK$120.3m	-97.2%	PS0.5x
1250 Shandong Hi-Speed New Energy Group	HK$1.23	3.4% +HK$89.9m	-48.1%	PE10.4x

Company

Last Price

Valuation

2 CLP Holdings

HK$77.95

0.5%
+HK$1.0b

15.9%

PE18.2x

2688 ENN Energy Holdings

HK$46.92

0.6%
+HK$333.6m

-27.4%

PE7.6x

527 China Ruifeng Renewable Energy Holdings

HK$0.72

17.9%
+HK$188.6m

83.5%

PS2.6x

412 Shandong Hi-Speed Holdings Group

HK$0.47

4.4%
+HK$120.3m

-97.2%

PS0.5x

1250 Shandong Hi-Speed New Energy Group

HK$1.23

3.4%
+HK$89.9m

-48.1%

PE10.4x

Datang International Power Generation Co., Ltd. announced that it expects to receive CNY 8 billion in funding from China Datang Corporation Ltd. and other investors

Datang International Power Generation Co., Ltd. announced a private placement and entered into share purchase agreement to issue no more than 2,666,666,666 new A Shares at an issue price of not be lower than the higher of 80% of the average trading price of the Company’s Shares for the 20 trading days prior to the Pricing Benchmark Date for gross issue size not exceeding CNY 8,000,000,000 on July 9, 2026. The transaction will include participation from not more than 35 (including 35 investors including China Datang Corporation Ltd for CNY 1,600,000,000 and include securities investment fund management companies, securities companies, trust companies, financial companies, insurance companies, assets management companies, qualified foreign institutional investors, and other legal persons, natural persons or other qualified investors who meet the provisions stipulated by relevant laws, administrative regulations and the Chinese Securities Regulatory Commission. The Shares to be subscribed by CDC under the Issuance shall not be transferable within 18 months from the closing date of the Issuance. The Shares to be subscribed by other subscribers under the Issuance to specific investors shall not be transferable within 6 months from the closing date of the Issuance. The remaining Shares will be subscribed by other subscribers in cash. The transaction has been approved by the board of directors at 15th Meeting of the Company’s 12th Directorate and is subject to approval from stock exchange, shareholders and regulatory authority. Shanghai Branch of China Securities Depository and Clearing Corporation Limited confirms that the number of new A Shares corresponding to the subscription amount paid by CDC under the A Share Subscription Agreement has been fully subscribed by CDC and duly registered.

Hong Kong (HSI) Utilities Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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