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Hong Kong (HSI) Utilities Sector Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies57
  • 7D1.3%
  • 3M-2.5%
  • 1Y16.8%
  • YTD11.2%

Over the last 7 days, the Utilities industry has risen 2.7%, driven by gains from ENN Energy Holdings of 5.7%. This takes the industry's 12 month performance to a gain of 19%.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Mon, 29 Nov 2021HK$2.1tHK$1.6tHK$128.1b9.5x
Wed, 27 Oct 2021HK$2.1tHK$1.6tHK$142.6b9.3x
Fri, 24 Sep 2021HK$2.2tHK$1.6tHK$142.0b9.7x
Sun, 22 Aug 2021HK$2.1tHK$1.6tHK$141.0b9.3x
Fri, 09 Jul 2021HK$2.0tHK$1.6tHK$141.0b9.5x
Thu, 01 Apr 2021HK$2.0tHK$1.5tHK$138.0b8.5x
Sun, 03 Jan 2021HK$1.8tHK$1.4tHK$127.8b8.1x
Wed, 07 Oct 2020HK$1.7tHK$1.3tHK$124.2b7.5x
Tue, 30 Jun 2020HK$1.7tHK$1.3tHK$116.4b8.5x
Fri, 03 Apr 2020HK$1.7tHK$1.3tHK$113.5b9x
Mon, 06 Jan 2020HK$2.0tHK$1.3tHK$112.9b10x
Thu, 10 Oct 2019HK$2.0tHK$1.3tHK$119.4b10.6x
Wed, 03 Jul 2019HK$2.0tHK$1.3tHK$119.7b10.7x
Sat, 06 Apr 2019HK$2.1tHK$1.3tHK$121.3b12x
Tue, 08 Jan 2019HK$2.0tHK$1.3tHK$119.0b11.2x
PE Ratio

13.5x

Total Market Cap: HK$1.9tTotal Earnings: HK$120.3bTotal Revenue: HK$1.3t0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.9x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Utilities industry have grown 2.1% per year over the last three years, and revenues for these companies have grown 7.9% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Hong Kong Utilities sector?

Water Utilities3.49%
Gas Utilities1.96%
Renewable Energy0.97%
Electric Utilities0.42%
Other Utilities-1.81%

Industry PE: Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 15.1x. However analysts are expecting annual earnings growth of 5.7%, which is lower than the prior year's growth of 7.3% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Other Utilities industry, which is trading below its 3-year average of 6.1x.

Forecasted Growth: Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 18% over the next 5 years. This is better than it's past earnings growth rate of 15% per year. Meanwhile, the Gas Utilities industry is expected to see its earnings grow by 4.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
836 China Resources Power Holdings13.0%+HK$11.4b148.8%PE12.1x
916 China Longyuan Power Group6.2%+HK$7.7b151.5%PE18.4x
2380 China Power International Development18.0%+HK$6.0b156.4%PE17.6x
2688 ENN Energy Holdings3.0%+HK$5.0b46.1%PE18.9x
270 Guangdong Investment6.5%+HK$4.3b-15.8%PE13.2x
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