Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Hong Kong (HSI) Utilities Sector Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies58
  • 7D-1.0%
  • 3M4.5%
  • 1Y12.4%
  • YTD5.4%

Over the last 7 days, the Utilities industry has dropped 1.0%, driven by China Longyuan Power Group declining 9.0%. This takes the industry's 12 month performance to a gain of 12%. Earnings are forecast to grow by 4.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026HK$1.8tHK$1.7tHK$127.5b10.3x14.1x1.1x
Wed, 04 Mar 2026HK$1.9tHK$1.7tHK$130.0b10.4x14.4x1.1x
Fri, 30 Jan 2026HK$1.8tHK$1.7tHK$130.4b9.2x13.9x1.1x
Sun, 28 Dec 2025HK$1.7tHK$1.7tHK$129.5b9.5x13.5x1x
Tue, 25 Nov 2025HK$1.7tHK$1.7tHK$129.3b9.1x13.3x1x
Thu, 23 Oct 2025HK$1.7tHK$1.7tHK$126.3b9.9x13.7x1x
Sat, 20 Sep 2025HK$1.8tHK$1.8tHK$132.1b10x13.3x1x
Mon, 18 Aug 2025HK$1.9tHK$1.8tHK$134.0b10.3x13.9x1x
Wed, 16 Jul 2025HK$1.8tHK$1.8tHK$132.9b9.7x13.8x1x
Fri, 13 Jun 2025HK$1.8tHK$1.8tHK$133.2b9.3x13.5x1x
Sun, 11 May 2025HK$1.8tHK$1.8tHK$133.0b9.1x13.2x1x
Tue, 08 Apr 2025HK$1.6tHK$1.8tHK$132.6b7.9x12.2x0.9x
Thu, 06 Mar 2025HK$1.7tHK$1.8tHK$123.8b8.7x13.6x0.9x
Sat, 01 Feb 2025HK$1.6tHK$1.8tHK$119.9b8x13.6x0.9x
Mon, 30 Dec 2024HK$1.7tHK$1.8tHK$119.3b8.7x14.6x1x
Wed, 27 Nov 2024HK$1.7tHK$1.8tHK$120.0b8x13.8x0.9x
Fri, 25 Oct 2024HK$1.7tHK$1.8tHK$124.6b8.9x13.9x0.9x
Sun, 22 Sep 2024HK$1.7tHK$1.8tHK$125.2b8.2x13.2x0.9x
Tue, 20 Aug 2024HK$1.8tHK$1.8tHK$124.2b8.7x14.3x1x
Thu, 18 Jul 2024HK$1.7tHK$1.8tHK$124.8b9x14x1x
Sat, 15 Jun 2024HK$1.8tHK$1.8tHK$125.3b9.6x14.1x1x
Mon, 13 May 2024HK$1.7tHK$1.8tHK$125.7b9.4x13.9x1x
Wed, 10 Apr 2024HK$1.7tHK$1.8tHK$121.3b9.1x13.7x0.9x
Fri, 08 Mar 2024HK$1.7tHK$1.8tHK$120.6b8.4x13.8x0.9x
Sun, 04 Feb 2024HK$1.6tHK$1.8tHK$124.8b8x12.6x0.9x
Tue, 02 Jan 2024HK$1.6tHK$1.9tHK$125.6b8.2x12.5x0.8x
Thu, 30 Nov 2023HK$1.5tHK$1.8tHK$125.2b7.9x11.8x0.8x
Sat, 28 Oct 2023HK$1.5tHK$1.8tHK$124.6b8x12x0.8x
Mon, 25 Sep 2023HK$1.5tHK$1.8tHK$115.1b8.3x13.2x0.8x
Wed, 23 Aug 2023HK$1.6tHK$1.8tHK$108.4b9.4x14.4x0.9x
Fri, 21 Jul 2023HK$1.7tHK$1.8tHK$92.5b9.2x17.9x0.9x
Sun, 18 Jun 2023HK$1.6tHK$1.8tHK$95.2b9.6x17.3x0.9x
Tue, 16 May 2023HK$1.8tHK$1.9tHK$96.0b10.1x18.4x1x
Thu, 13 Apr 2023HK$1.7tHK$1.9tHK$91.5b9.1x18.2x0.9x
Price to Earnings Ratio

18.2x


Total Market Cap: HK$1.7tTotal Earnings: HK$91.5bTotal Revenue: HK$1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 14x202420252026
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 14.0x.
  • The 3-year average PS ratio of 0.94x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.0% 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 Market0.95%
Utilities-1.04%
Water Utilities4.39%
Electric Utilities2.76%
Gas Utilities-0.91%
Renewable Energy-4.31%
Other Utilities-4.72%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 17.2x.
    • Analysts expect its future annual earnings growth (1.6%) to be largely in line with prior year's earnings growth.
  • 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 6.8% over the next 5 years.
  • This is better than its past earnings decline of 9.9% 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?

CompanyLast Price7D1YValuation
1038 CK Infrastructure HoldingsHK$64.204.5%
+HK$6.9b		33.5%PE19.6x
2 CLP HoldingsHK$74.502.2%
+HK$4.0b		16.5%PE18x
6 Power Assets HoldingsHK$62.702.6%
+HK$3.4b		30.5%PE21.4x
270 Guangdong InvestmentHK$7.986.5%
+HK$3.2b		40.2%PE11.2x
371 Beijing Enterprises Water GroupHK$2.783.3%
+HK$904.2m		11.2%PE16.8x

Latest News

2688
HK$63.70
ENN Energy Holdings
7D
-2.0%
1Y
-1.0%

2688: Fair Value Should Remain Supported As Upcoming Dividend Review Guides Outlook

Analysts have trimmed their price target for ENN Energy Holdings to HK$73.46 from HK$74.92, reflecting updated assumptions for softer revenue growth, slightly lower profit margins, and a higher future P/E multiple. What's in the News A board meeting is scheduled for March 27, 2026 to review the annual results for the year ended December 31, 2025 and to consider a final dividend, if any (Key Developments).
1798
HK$1.53
China Datang Corporation Renewable Power
7D
-17.7%
1Y
-33.8%
2638
HK$6.51
HK Electric Investments and HK Electric Investments
7D
0.9%
1Y
19.4%
579
HK$2.23
Beijing Jingneng Clean Energy
7D
-6.7%
1Y
3.7%
916
HK$7.04
China Longyuan Power Group
7D
-9.0%
1Y
8.5%
270
HK$7.98
Guangdong Investment
7D
6.5%
1Y
40.2%
1816
HK$3.52
CGN Power
7D
-2.5%
1Y
37.5%
902
HK$5.96
Huaneng Power International
7D
-1.8%
1Y
28.2%
2
HK$74.50
CLP Holdings
7D
2.2%
1Y
16.5%

2: Dividend Schedule And Stable Assumptions Will Shape Measured Forward Outlook

Analysts have slightly lifted their price target for CLP Holdings to HK$76.35 from HK$75.71, reflecting updated fair value and P/E assumptions while keeping core inputs like the discount rate and growth outlook broadly consistent. What's in the News CLP Holdings declared an ordinary fourth interim dividend for the year ended 31 December 2025 of HK$1.31 per share, giving investors visibility on the next scheduled payout (Key Developments).
371
HK$2.78
Beijing Enterprises Water Group
7D
3.3%
1Y
11.2%

Here's What Analysts Are Forecasting For Beijing Enterprises Water Group Limited (HKG:371) After Its Annual Results

Mar 27
Here's What Analysts Are Forecasting For Beijing Enterprises Water Group Limited (HKG:371) After Its Annual Results
6136
HK$0.75
Kangda International Environmental
7D
10.3%
1Y
123.9%

Investors Shouldn't Be Too Comfortable With Kangda International Environmental's (HKG:6136) Earnings

Mar 26
Investors Shouldn't Be Too Comfortable With Kangda International Environmental's (HKG:6136) Earnings
135
HK$7.26
Kunlun Energy
7D
-2.2%
1Y
-11.5%
836
HK$18.71
China Resources Power Holdings
7D
-1.9%
1Y
-2.0%
1038
HK$64.20
CK Infrastructure Holdings
7D
4.5%
1Y
33.5%
3
HK$7.12
Hong Kong and China Gas
7D
0.4%
1Y
3.2%
6
HK$62.70
Power Assets Holdings
7D
2.6%
1Y
30.5%