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Hong Kong (HSI) Utilities Sector Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies58
  • 7D0.5%
  • 3M-2.7%
  • 1Y11.4%
  • YTD9.3%

Over the last 7 days, the Utilities industry has remained flat, although notably ENN Energy Holdings gained 4.0%. As for the the longer term, the industry is up 13% over the past 12 months. As for the next few years, earnings are expected to grow by 7.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Dec 2025HK$1.7tHK$1.7tHK$129.0b9.4x13.5x1x
Mon, 03 Nov 2025HK$1.7tHK$1.7tHK$129.1b9.5x13.4x1x
Wed, 01 Oct 2025HK$1.7tHK$1.8tHK$132.1b10x13.2x1x
Fri, 29 Aug 2025HK$1.8tHK$1.8tHK$131.7b9.9x14x1x
Sun, 27 Jul 2025HK$1.9tHK$1.8tHK$133.0b10.2x14x1x
Tue, 24 Jun 2025HK$1.8tHK$1.8tHK$133.1b8.9x13.4x1x
Thu, 22 May 2025HK$1.8tHK$1.8tHK$133.7b9.2x13.5x1x
Sat, 19 Apr 2025HK$1.7tHK$1.8tHK$132.7b8.4x12.7x0.9x
Mon, 17 Mar 2025HK$1.7tHK$1.8tHK$124.5b8.7x13.5x0.9x
Wed, 12 Feb 2025HK$1.6tHK$1.8tHK$119.4b8.2x13.5x0.9x
Fri, 10 Jan 2025HK$1.6tHK$1.8tHK$119.2b8.1x13.8x0.9x
Sun, 08 Dec 2024HK$1.7tHK$1.8tHK$119.6b8.4x14.1x0.9x
Tue, 05 Nov 2024HK$1.7tHK$1.8tHK$121.1b8.7x14.4x0.9x
Thu, 03 Oct 2024HK$1.8tHK$1.8tHK$125.3b9.3x14.2x1x
Sat, 31 Aug 2024HK$1.7tHK$1.8tHK$124.1b8.5x13.9x0.9x
Mon, 29 Jul 2024HK$1.8tHK$1.8tHK$124.9b8.8x14.1x1x
Wed, 26 Jun 2024HK$1.7tHK$1.8tHK$124.9b9.5x13.9x1x
Fri, 24 May 2024HK$1.7tHK$1.8tHK$125.4b9.4x13.9x1x
Sun, 21 Apr 2024HK$1.6tHK$1.8tHK$121.3b8.8x13.5x0.9x
Tue, 19 Mar 2024HK$1.7tHK$1.8tHK$120.1b9.2x14x0.9x
Thu, 15 Feb 2024HK$1.6tHK$1.8tHK$124.9b7.8x12.5x0.8x
Sat, 13 Jan 2024HK$1.6tHK$1.8tHK$125.0b8.5x12.7x0.9x
Mon, 11 Dec 2023HK$1.5tHK$1.8tHK$124.9b7.7x11.9x0.8x
Wed, 08 Nov 2023HK$1.5tHK$1.8tHK$126.0b7.7x11.8x0.8x
Fri, 06 Oct 2023HK$1.5tHK$1.8tHK$115.0b7.8x13.2x0.8x
Sun, 03 Sep 2023HK$1.5tHK$1.8tHK$115.4b8.3x13.3x0.8x
Tue, 01 Aug 2023HK$1.7tHK$1.8tHK$98.8b9.6x17.1x0.9x
Thu, 29 Jun 2023HK$1.7tHK$1.8tHK$92.2b9.5x18.2x0.9x
Sat, 27 May 2023HK$1.7tHK$1.8tHK$95.5b9.6x17.6x0.9x
Mon, 24 Apr 2023HK$1.7tHK$1.9tHK$90.7b9.6x18.5x0.9x
Wed, 22 Mar 2023HK$1.7tHK$1.8tHK$59.6b8.6x28x0.9x
Fri, 17 Feb 2023HK$1.7tHK$1.8tHK$59.1b8.9x29.4x1x
Sun, 15 Jan 2023HK$1.7tHK$1.8tHK$59.1b8.8x29.1x0.9x
Tue, 13 Dec 2022HK$1.6tHK$1.8tHK$59.2b8.4x27x0.9x
Price to Earnings Ratio

27x


Total Market Cap: HK$1.6tTotal Earnings: HK$59.2bTotal Revenue: HK$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 15.5x202320242025
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 13.6x which is lower than its 3-year average PE of 15.5x.
  • The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.0x.
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 Market0.33%
Utilities0.54%
Renewable Energy0.96%
Gas Utilities0.46%
Electric Utilities0.32%
Water Utilities-1.11%
Other Utilities-2.00%
Industry PE
  • Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 11.4x.
    • Analysts are expecting annual earnings growth of 4.6%, which is higher than its past year's earnings decline of 13.4% 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 3.9% 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
2688 ENN Energy HoldingsHK$73.804.0%
+HK$3.2b		36.3%PE12.7x
1816 CGN PowerHK$3.081.7%
+HK$2.5b		14.5%PE15x
392 Beijing Enterprises HoldingsHK$35.724.9%
+HK$2.1b		44.0%PE7.6x
902 Huaneng Power InternationalHK$6.321.8%
+HK$1.7b		50.8%PE7.7x
836 China Resources Power HoldingsHK$18.730.8%
+HK$776.6m		2.2%PE7.5x

Latest News

3633
HK$2.85
Zhongyu Energy Holdings
7D
-3.1%
1Y
-36.7%
384
HK$8.32
China Gas Holdings
7D
-3.3%
1Y
29.0%

China Gas Holdings (HKG:384) Is Paying Out A Dividend Of HK$0.15

Dec 01
China Gas Holdings (HKG:384) Is Paying Out A Dividend Of HK$0.15
855
HK$5.61
China Water Affairs Group
7D
-4.4%
1Y
19.1%
2688
HK$73.80
ENN Energy Holdings
7D
4.0%
1Y
36.3%

2688: Fair Value Estimate Will Remain Steady Despite Subtle Shifts

Analysts have raised their price target for ENN Energy Holdings from $70.92 to $71.89, citing subtle adjustments to projected revenue growth, profit margins, and discount rate assumptions. These factors support a slightly higher fair value estimate.
836
HK$18.73
China Resources Power Holdings
7D
0.8%
1Y
2.2%

China Resources Power Holdings' (HKG:836) Returns Have Hit A Wall

Nov 28
China Resources Power Holdings' (HKG:836) Returns Have Hit A Wall
135
HK$7.40
Kunlun Energy
7D
-0.4%
1Y
-6.8%

Improved Earnings Required Before Kunlun Energy Company Limited (HKG:135) Shares Find Their Feet

Nov 28
Improved Earnings Required Before Kunlun Energy Company Limited (HKG:135) Shares Find Their Feet
2
HK$68.25
CLP Holdings
7D
0.4%
1Y
4.6%

Calculating The Intrinsic Value Of CLP Holdings Limited (HKG:2)

Nov 27
Calculating The Intrinsic Value Of CLP Holdings Limited (HKG:2)
902
HK$6.32
Huaneng Power International
7D
1.8%
1Y
50.8%

902: Joint Venture Formation And Governance Reforms Will Steer Company’s Next Steps

Analysts have slightly raised their price target for Huaneng Power International to $6.57 from $6.53. They cite incremental improvements in profit margins and modest adjustments to discount rates in their updated forecasts.
3
HK$7.18
Hong Kong and China Gas
7D
-0.8%
1Y
21.1%

The Hong Kong and China Gas Company Limited's (HKG:3) Shareholders Might Be Looking For Exit

Nov 26
The Hong Kong and China Gas Company Limited's (HKG:3) Shareholders Might Be Looking For Exit
1798
HK$2.19
China Datang Corporation Renewable Power
7D
-3.5%
1Y
9.0%

China Datang Corporation Renewable Power (HKG:1798) Has More To Do To Multiply In Value Going Forward

Nov 23
China Datang Corporation Renewable Power (HKG:1798) Has More To Do To Multiply In Value Going Forward
412
HK$1.64
Shandong Hi-Speed Holdings Group
7D
-2.4%
1Y
-68.8%

Here's Why Shandong Hi-Speed Holdings Group (HKG:412) Has A Meaningful Debt Burden

Nov 21
Here's Why Shandong Hi-Speed Holdings Group (HKG:412) Has A Meaningful Debt Burden
392
HK$35.72
Beijing Enterprises Holdings
7D
4.9%
1Y
44.0%

Beijing Enterprises Holdings Limited's (HKG:392) Low P/E No Reason For Excitement

Nov 18
Beijing Enterprises Holdings Limited's (HKG:392) Low P/E No Reason For Excitement
2638
HK$6.31
HK Electric Investments and HK Electric Investments
7D
1.0%
1Y
20.9%

Investors Met With Slowing Returns on Capital At HK Electric Investments and HK Electric Investments (HKG:2638)

Nov 07
Investors Met With Slowing Returns on Capital At HK Electric Investments and HK Electric Investments (HKG:2638)
1816
HK$3.08
CGN Power
7D
1.7%
1Y
14.5%
2380
HK$3.48
China Power International Development
7D
1.5%
1Y
12.6%
270
HK$7.38
Guangdong Investment
7D
-1.3%
1Y
45.8%