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Hong Kong (HSI) Utilities Sector Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies58
  • 7D-2.4%
  • 3M4.9%
  • 1Y12.7%
  • YTD4.3%

Over the last 7 days, the Utilities industry has dropped 2.4%, driven by CGN Power declining 7.2%. Meanwhile, Guangdong Investment actually outperformed within the industry, gaining 7.5% in the last week. Over the past 12 months, the industry was up 13%. As for the next few years, earnings are expected to grow by 5.4% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026HK$1.8tHK$1.7tHK$129.1b9.1x13.9x1.1x
Fri, 27 Feb 2026HK$1.8tHK$1.7tHK$131.6b10x13.9x1.1x
Sun, 25 Jan 2026HK$1.8tHK$1.7tHK$130.1b10x13.8x1x
Tue, 23 Dec 2025HK$1.7tHK$1.7tHK$129.3b9.4x13.3x1x
Thu, 20 Nov 2025HK$1.7tHK$1.7tHK$129.3b9.3x13.5x1x
Sat, 18 Oct 2025HK$1.7tHK$1.7tHK$126.2b9.7x13.7x1x
Mon, 15 Sep 2025HK$1.9tHK$1.8tHK$132.1b10.3x14.3x1x
Wed, 13 Aug 2025HK$1.9tHK$1.8tHK$133.9b10.3x14x1x
Fri, 11 Jul 2025HK$1.8tHK$1.8tHK$132.9b9.7x13.7x1x
Sun, 08 Jun 2025HK$1.8tHK$1.8tHK$133.0b8.9x13.6x1x
Tue, 06 May 2025HK$1.7tHK$1.8tHK$132.4b8.9x13x1x
Thu, 03 Apr 2025HK$1.7tHK$1.8tHK$133.1b8.6x12.7x0.9x
Sat, 01 Mar 2025HK$1.7tHK$1.8tHK$123.7b8.4x13.5x0.9x
Mon, 27 Jan 2025HK$1.6tHK$1.8tHK$119.9b8x13.6x0.9x
Wed, 25 Dec 2024HK$1.7tHK$1.8tHK$119.3b8.7x14.5x1x
Fri, 22 Nov 2024HK$1.7tHK$1.8tHK$120.0b8.2x14.2x0.9x
Sun, 20 Oct 2024HK$1.7tHK$1.8tHK$124.6b9x13.8x0.9x
Tue, 17 Sep 2024HK$1.6tHK$1.8tHK$124.8b7.8x13x0.9x
Thu, 15 Aug 2024HK$1.8tHK$1.8tHK$125.1b8.4x14.2x1x
Sat, 13 Jul 2024HK$1.8tHK$1.8tHK$124.8b9.2x14.2x1x
Mon, 10 Jun 2024HK$1.8tHK$1.8tHK$125.4b9.9x14.3x1x
Wed, 08 May 2024HK$1.7tHK$1.8tHK$125.8b9.2x13.5x0.9x
Fri, 05 Apr 2024HK$1.6tHK$1.8tHK$121.3b9.1x13.5x0.9x
Sun, 03 Mar 2024HK$1.6tHK$1.8tHK$120.7b8.5x13.5x0.9x
Tue, 30 Jan 2024HK$1.6tHK$1.8tHK$124.8b8.6x12.8x0.9x
Thu, 28 Dec 2023HK$1.5tHK$1.8tHK$125.1b8x12.3x0.8x
Sat, 25 Nov 2023HK$1.5tHK$1.8tHK$126.5b7.9x11.9x0.8x
Mon, 23 Oct 2023HK$1.5tHK$1.8tHK$114.9b7.9x12.7x0.8x
Wed, 20 Sep 2023HK$1.5tHK$1.8tHK$115.1b8.2x13.3x0.8x
Fri, 18 Aug 2023HK$1.6tHK$1.8tHK$108.5b9.9x14.8x0.9x
Sun, 16 Jul 2023HK$1.7tHK$1.8tHK$92.7b9.4x18.4x0.9x
Tue, 13 Jun 2023HK$1.7tHK$1.8tHK$95.1b9.7x17.4x0.9x
Thu, 11 May 2023HK$1.8tHK$1.9tHK$96.1b9.7x18.5x1x
Sat, 08 Apr 2023HK$1.6tHK$1.9tHK$90.5b9.9x18x0.9x
Price to Earnings Ratio

18x


Total Market Cap: HK$1.6tTotal Earnings: HK$90.5bTotal 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 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-1.06%
Utilities-2.43%
Water Utilities1.13%
Electric Utilities0.17%
Renewable Energy-3.71%
Gas Utilities-4.02%
Other Utilities-6.69%
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 8.2% 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
270 Guangdong InvestmentHK$8.207.5%
+HK$3.7b		41.1%PE11.5x
2638 HK Electric Investments and HK Electric InvestmentsHK$6.541.7%
+HK$972.0m		20.4%PE18.4x
2 CLP HoldingsHK$73.900.1%
+HK$252.6m		16.1%PE17.8x
1038 CK Infrastructure HoldingsHK$63.700.2%
+HK$252.0m		33.7%PE19.4x
90 Puxing EnergyHK$1.3052.9%
+HK$206.4m		150.0%PE13.6x

Latest News

916
HK$7.00
China Longyuan Power Group
7D
-13.6%
1Y
10.9%
987
HK$0.18
China Renewable Energy Investment
7D
22.8%
1Y
74.5%
270
HK$8.20
Guangdong Investment
7D
7.5%
1Y
41.1%
1816
HK$3.47
CGN Power
7D
-7.2%
1Y
38.8%
90
HK$1.30
Puxing Energy
7D
52.9%
1Y
150.0%
902
HK$5.95
Huaneng Power International
7D
-4.8%
1Y
27.7%
392
HK$30.42
Beijing Enterprises Holdings
7D
-7.8%
1Y
-1.4%

Beijing Enterprises Holdings Limited (HKG:392) Full-Year Results: Here's What Analysts Are Forecasting For This Year

Mar 30
Beijing Enterprises Holdings Limited (HKG:392) Full-Year Results: Here's What Analysts Are Forecasting For This Year
3633
HK$2.69
Zhongyu Energy Holdings
7D
1.1%
1Y
-34.1%
991
HK$2.51
Datang International Power Generation
7D
-11.6%
1Y
52.1%
1798
HK$1.57
China Datang Corporation Renewable Power
7D
-22.3%
1Y
-30.8%
2
HK$73.90
CLP Holdings
7D
0.1%
1Y
16.1%

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).
135
HK$7.18
Kunlun Energy
7D
-5.5%
1Y
-10.8%
836
HK$18.48
China Resources Power Holdings
7D
-4.3%
1Y
-3.6%
1038
HK$63.70
CK Infrastructure Holdings
7D
0.2%
1Y
33.7%
2638
HK$6.54
HK Electric Investments and HK Electric Investments
7D
1.7%
1Y
20.4%
1600
HK$2.92
Tian Lun Gas Holdings
7D
7.0%
1Y
7.4%