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Hong Kong (HSI) Utilities Sector Analysis

UpdatedMar 30, 2026
DataAggregated Company Financials
Companies58
  • 7D-0.9%
  • 3M6.3%
  • 1Y16.1%
  • YTD6.6%

The Utilities industry has been flat over the last week, but Kunlun Energy has lost 13%. The past year has been better, since the industry has gained 16% in that time. Looking forward, earnings are forecast to grow by 5.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Mar 2026HK$1.8tHK$1.7tHK$130.7b9.4x14.1x1.1x
Wed, 25 Feb 2026HK$1.8tHK$1.7tHK$131.2b9.8x14x1.1x
Fri, 23 Jan 2026HK$1.8tHK$1.7tHK$130.0b10x13.8x1.1x
Sun, 21 Dec 2025HK$1.7tHK$1.7tHK$129.2b9.1x13.3x1x
Tue, 18 Nov 2025HK$1.8tHK$1.7tHK$129.2b9.5x13.6x1x
Thu, 16 Oct 2025HK$1.7tHK$1.7tHK$126.3b9.7x13.7x1x
Sat, 13 Sep 2025HK$1.9tHK$1.8tHK$132.1b10.3x14.3x1x
Mon, 11 Aug 2025HK$1.9tHK$1.8tHK$134.0b10.2x14x1x
Wed, 09 Jul 2025HK$1.8tHK$1.8tHK$132.9b9.5x13.8x1x
Fri, 06 Jun 2025HK$1.8tHK$1.8tHK$133.1b8.7x13.6x1x
Sun, 04 May 2025HK$1.7tHK$1.8tHK$132.5b8.9x13x1x
Tue, 01 Apr 2025HK$1.7tHK$1.8tHK$133.4b8.7x12.6x0.9x
Thu, 27 Feb 2025HK$1.7tHK$1.8tHK$123.9b8.7x13.6x0.9x
Sat, 25 Jan 2025HK$1.6tHK$1.8tHK$119.9b8x13.6x0.9x
Mon, 23 Dec 2024HK$1.7tHK$1.8tHK$119.4b8.6x14.3x1x
Wed, 20 Nov 2024HK$1.7tHK$1.8tHK$120.0b8.3x14.1x0.9x
Fri, 18 Oct 2024HK$1.7tHK$1.8tHK$124.4b8.9x13.6x0.9x
Sun, 15 Sep 2024HK$1.6tHK$1.8tHK$124.9b7.8x13x0.9x
Tue, 13 Aug 2024HK$1.8tHK$1.8tHK$124.8b8.7x14.1x1x
Thu, 11 Jul 2024HK$1.8tHK$1.8tHK$124.6b9x14.1x1x
Sat, 08 Jun 2024HK$1.8tHK$1.8tHK$125.4b9.9x14.3x1x
Mon, 06 May 2024HK$1.7tHK$1.8tHK$125.6b9.1x13.3x0.9x
Wed, 03 Apr 2024HK$1.6tHK$1.8tHK$121.2b9x13.5x0.9x
Fri, 01 Mar 2024HK$1.6tHK$1.8tHK$120.7b8.4x13.6x0.9x
Sun, 28 Jan 2024HK$1.6tHK$1.8tHK$125.1b8.2x12.7x0.9x
Tue, 26 Dec 2023HK$1.5tHK$1.8tHK$125.2b8x12.3x0.8x
Thu, 23 Nov 2023HK$1.5tHK$1.8tHK$126.8b8x11.9x0.8x
Sat, 21 Oct 2023HK$1.5tHK$1.8tHK$114.8b7.9x12.7x0.8x
Mon, 18 Sep 2023HK$1.5tHK$1.8tHK$115.2b8.5x13.2x0.8x
Wed, 16 Aug 2023HK$1.6tHK$1.8tHK$108.2b9.9x15x0.9x
Fri, 14 Jul 2023HK$1.7tHK$1.8tHK$92.6b9.5x18.3x0.9x
Sun, 11 Jun 2023HK$1.7tHK$1.8tHK$95.2b9.8x17.7x0.9x
Tue, 09 May 2023HK$1.8tHK$1.9tHK$95.9b10.2x18.6x1x
Thu, 06 Apr 2023HK$1.6tHK$1.9tHK$90.4b10x18x0.9x
Price to Earnings Ratio

18x


Total Market Cap: HK$1.6tTotal Earnings: HK$90.4bTotal 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 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.1% 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-1.33%
Utilities-0.87%
Renewable Energy2.59%
Other Utilities0.40%
Water Utilities-0.53%
Electric Utilities-2.44%
Gas Utilities-5.09%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 17.2x.
    • Analysts are expecting annual earnings growth of 1.6%, which is lower than the prior year's growth of 1.9% 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 8.6% over the next 5 years.
  • This is better than its past earnings decline of 12% 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
1816 CGN PowerHK$3.572.3%
+HK$4.0b
46.9%PE16.3x
902 Huaneng Power InternationalHK$5.952.6%
+HK$2.4b
31.9%PE7.1x
2 CLP HoldingsHK$73.001.2%
+HK$2.1b
15.1%PE17.6x
1038 CK Infrastructure HoldingsHK$62.751.4%
+HK$2.1b
34.7%PE19.1x
6 Power Assets HoldingsHK$61.351.5%
+HK$1.9b
31.7%PE21x

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