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Hong Kong (HSI) Utilities Sector Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies58
  • 7D1.1%
  • 3M2.6%
  • 1Y6.6%
  • YTD8.7%

In the last week, the Utilities industry is up 1.3%, with CK Infrastructure Holdings leading the way with a 3.3% gain. This takes the industry's 12 month performance to a gain of 6.9%. Earnings are forecast to grow by 7.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Dec 2025HK$1.7tHK$1.7tHK$129.5b9.5x13.5x1x
Wed, 26 Nov 2025HK$1.7tHK$1.7tHK$129.4b9x13.4x1x
Fri, 24 Oct 2025HK$1.7tHK$1.7tHK$126.3b10x13.7x1x
Sun, 21 Sep 2025HK$1.8tHK$1.8tHK$132.1b10x13.3x1x
Tue, 19 Aug 2025HK$1.9tHK$1.8tHK$133.9b10.2x13.9x1x
Thu, 17 Jul 2025HK$1.8tHK$1.8tHK$132.9b9.7x13.8x1x
Sat, 14 Jun 2025HK$1.8tHK$1.8tHK$133.1b9.3x13.6x1x
Mon, 12 May 2025HK$1.8tHK$1.8tHK$133.0b9.1x13.2x1x
Wed, 09 Apr 2025HK$1.6tHK$1.8tHK$132.4b8.2x12.3x0.9x
Fri, 07 Mar 2025HK$1.7tHK$1.8tHK$124.0b8.9x13.6x0.9x
Sun, 02 Feb 2025HK$1.6tHK$1.8tHK$119.9b8x13.6x0.9x
Tue, 31 Dec 2024HK$1.7tHK$1.8tHK$119.3b8.7x14.6x1x
Thu, 28 Nov 2024HK$1.7tHK$1.8tHK$120.0b8.2x13.9x0.9x
Sat, 26 Oct 2024HK$1.7tHK$1.8tHK$124.5b8.9x13.8x0.9x
Mon, 23 Sep 2024HK$1.7tHK$1.8tHK$125.2b8.2x13.2x0.9x
Wed, 21 Aug 2024HK$1.8tHK$1.8tHK$124.0b8.5x14.2x1x
Fri, 19 Jul 2024HK$1.8tHK$1.8tHK$124.8b9x14.2x1x
Sun, 16 Jun 2024HK$1.8tHK$1.8tHK$125.3b9.6x14.1x1x
Tue, 14 May 2024HK$1.8tHK$1.8tHK$125.6b9.8x14.1x1x
Thu, 11 Apr 2024HK$1.7tHK$1.8tHK$121.3b9.2x13.9x0.9x
Sat, 09 Mar 2024HK$1.7tHK$1.8tHK$120.7b8.6x13.9x0.9x
Mon, 05 Feb 2024HK$1.6tHK$1.8tHK$124.8b8x12.6x0.9x
Wed, 03 Jan 2024HK$1.6tHK$1.8tHK$125.2b8.1x12.7x0.9x
Fri, 01 Dec 2023HK$1.5tHK$1.8tHK$125.1b7.9x11.9x0.8x
Sun, 29 Oct 2023HK$1.5tHK$1.8tHK$124.6b8x12x0.8x
Tue, 26 Sep 2023HK$1.5tHK$1.8tHK$115.0b8.1x13.1x0.8x
Thu, 24 Aug 2023HK$1.6tHK$1.8tHK$110.8b8.7x14x0.9x
Sat, 22 Jul 2023HK$1.7tHK$1.8tHK$92.5b9.4x18x0.9x
Mon, 19 Jun 2023HK$1.6tHK$1.8tHK$95.2b9.6x17.3x0.9x
Wed, 17 May 2023HK$1.8tHK$1.9tHK$96.0b10x18.5x1x
Fri, 14 Apr 2023HK$1.7tHK$1.9tHK$91.5b9x18.2x0.9x
Sun, 12 Mar 2023HK$1.7tHK$1.8tHK$60.9b8.4x27.3x0.9x
Tue, 07 Feb 2023HK$1.7tHK$1.8tHK$59.1b8.7x29.2x1x
Thu, 05 Jan 2023HK$1.7tHK$1.8tHK$59.1b8.7x29x1x
Price to Earnings Ratio

29x


Total Market Cap: HK$1.7tTotal Earnings: HK$59.1bTotal Revenue: HK$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 15.2x20242025
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 13.5x which is lower than its 3-year average PE of 15.2x.
  • 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 Market-0.12%
Utilities1.13%
Electric Utilities1.68%
Renewable Energy1.49%
Water Utilities0.17%
Gas Utilities0.13%
Other Utilities0%0
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 17.5x.
    • Analysts are expecting annual earnings growth of 4.0%, which is lower than the prior year's growth of 9.3% 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 4.0% 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
1816 CGN PowerHK$3.012.7%
+HK$4.0b		8.3%PE14.6x
1038 CK Infrastructure HoldingsHK$58.552.4%
+HK$3.4b		1.6%PE18.1x
6 Power Assets HoldingsHK$55.802.4%
+HK$2.8b		3.0%PE19.3x
2 CLP HoldingsHK$69.801.2%
+HK$2.0b		7.5%PE15.4x
3 Hong Kong and China GasHK$7.121.0%
+HK$1.3b		15.0%PE23.6x

Latest News

412
HK$1.42
Shandong Hi-Speed Holdings Group
7D
-4.7%
1Y
-78.0%

Does This Valuation Of Shandong Hi-Speed Holdings Group Limited (HKG:412) Imply Investors Are Overpaying?

Dec 29
Does This Valuation Of Shandong Hi-Speed Holdings Group Limited (HKG:412) Imply Investors Are Overpaying?
270
HK$6.82
Guangdong Investment
7D
-0.3%
1Y
4.1%

Does Guangdong Investment (HKG:270) Have A Healthy Balance Sheet?

Dec 26
Does Guangdong Investment (HKG:270) Have A Healthy Balance Sheet?
1816
HK$3.01
CGN Power
7D
2.7%
1Y
8.3%

Is There An Opportunity With CGN Power Co., Ltd.'s (HKG:1816) 37% Undervaluation?

Dec 26
Is There An Opportunity With CGN Power Co., Ltd.'s (HKG:1816) 37% Undervaluation?
991
HK$2.34
Datang International Power Generation
7D
2.6%
1Y
61.4%
902
HK$6.17
Huaneng Power International
7D
0.7%
1Y
45.2%

902: Governance Moves And Hydropower Venture Will Shape Steady Long Term Outlook

Analysts have made a modest upward revision to their price target for Huaneng Power International, reflecting slightly higher discount rate assumptions and stable long term expectations for revenue growth, profit margins and valuation multiples. What's in the News Huaneng Power International has scheduled a special and extraordinary shareholders meeting for December 23, 2025, in Beijing to vote on auditor reappointment for 2026 and several continuing connected transaction mandates with Huaneng Group and Tiancheng Leasing through 2028 (Key Developments).
1193
HK$22.36
China Resources Gas Group
7D
-1.5%
1Y
-26.1%
836
HK$17.78
China Resources Power Holdings
7D
1.1%
1Y
-4.9%
2688
HK$70.35
ENN Energy Holdings
7D
-0.2%
1Y
25.1%

2688: Fair Value Will Remain Steady Amid Index Removal Risk

Analysts have modestly raised their price target for ENN Energy Holdings, lifting fair value by about 1 percent to approximately $72.68. This reflects an unchanged discount rate and growth assumptions, along with a slightly higher projected future P/E multiple.
392
HK$32.86
Beijing Enterprises Holdings
7D
-0.7%
1Y
24.2%
1250
HK$1.89
Shandong Hi-Speed New Energy Group
7D
-3.1%
1Y
8.0%
3633
HK$2.79
Zhongyu Energy Holdings
7D
-1.4%
1Y
-40.0%
2
HK$69.80
CLP Holdings
7D
1.2%
1Y
7.5%

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

Nov 27
Calculating The Intrinsic Value Of CLP Holdings Limited (HKG:2)
3
HK$7.12
Hong Kong and China Gas
7D
1.0%
1Y
15.0%

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
1713
HK$2.40
Sichuan Energy Investment Development
7D
-3.6%
1Y
14.3%

We Think That There Are Issues Underlying Sichuan Energy Investment Development's (HKG:1713) Earnings

Sep 26
We Think That There Are Issues Underlying Sichuan Energy Investment Development's (HKG:1713) Earnings
1038
HK$58.55
CK Infrastructure Holdings
7D
2.4%
1Y
1.6%
6
HK$55.80
Power Assets Holdings
7D
2.4%
1Y
3.0%