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Hong Kong (HSI) Utilities Sector Analysis
UpdatedMar 12, 2026
DataAggregated Company Financials
Companies58
- 7D2.8%
- 3M10.5%
- 1Y19.3%
- YTD10.2%
In the last week, the Utilities industry is up 2.8%, with CGN Power up 11%. This means that the industry has gained 19% over the past year. Earnings are forecast to grow by 7.3% annually.
Sector Valuation and Performance
Has the Hong Kong Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 12 Mar 2026 | HK$1.9t | HK$1.7t | HK$130.5b | 9.7x | 14.5x | 1.1x |
| Sat, 07 Feb 2026 | HK$1.8t | HK$1.7t | HK$130.5b | 9.1x | 13.8x | 1.1x |
| Mon, 05 Jan 2026 | HK$1.7t | HK$1.7t | HK$129.8b | 9.6x | 13.2x | 1x |
| Wed, 03 Dec 2025 | HK$1.8t | HK$1.7t | HK$129.0b | 9.5x | 13.6x | 1x |
| Fri, 31 Oct 2025 | HK$1.8t | HK$1.7t | HK$129.5b | 9.5x | 13.5x | 1x |
| Sun, 28 Sep 2025 | HK$1.7t | HK$1.8t | HK$132.0b | 9.7x | 13.2x | 1x |
| Tue, 26 Aug 2025 | HK$1.9t | HK$1.8t | HK$132.4b | 10.1x | 14.1x | 1x |
| Thu, 24 Jul 2025 | HK$1.9t | HK$1.8t | HK$133.1b | 10.1x | 14.1x | 1x |
| Sat, 21 Jun 2025 | HK$1.8t | HK$1.8t | HK$133.1b | 8.9x | 13.4x | 1x |
| Mon, 19 May 2025 | HK$1.8t | HK$1.8t | HK$133.5b | 9x | 13.1x | 1x |
| Wed, 16 Apr 2025 | HK$1.7t | HK$1.8t | HK$132.5b | 8.5x | 12.6x | 0.9x |
| Fri, 14 Mar 2025 | HK$1.7t | HK$1.8t | HK$124.1b | 9x | 13.6x | 0.9x |
| Sun, 09 Feb 2025 | HK$1.6t | HK$1.8t | HK$119.6b | 8.3x | 13.7x | 0.9x |
| Tue, 07 Jan 2025 | HK$1.7t | HK$1.8t | HK$119.2b | 8.4x | 14.1x | 0.9x |
| Thu, 05 Dec 2024 | HK$1.7t | HK$1.8t | HK$119.7b | 8.3x | 14x | 0.9x |
| Sat, 02 Nov 2024 | HK$1.7t | HK$1.8t | HK$121.2b | 8.7x | 14x | 0.9x |
| Mon, 30 Sep 2024 | HK$1.8t | HK$1.8t | HK$125.4b | 9.1x | 14x | 1x |
| Wed, 28 Aug 2024 | HK$1.8t | HK$1.8t | HK$124.5b | 8.6x | 14.1x | 1x |
| Fri, 26 Jul 2024 | HK$1.8t | HK$1.8t | HK$125.0b | 8.8x | 14.2x | 1x |
| Sun, 23 Jun 2024 | HK$1.7t | HK$1.8t | HK$125.2b | 9.5x | 13.8x | 0.9x |
| Tue, 21 May 2024 | HK$1.8t | HK$1.8t | HK$125.4b | 9.6x | 14.2x | 1x |
| Thu, 18 Apr 2024 | HK$1.7t | HK$1.8t | HK$121.3b | 8.8x | 13.7x | 0.9x |
| Sat, 16 Mar 2024 | HK$1.7t | HK$1.8t | HK$120.6b | 8.8x | 13.8x | 0.9x |
| Mon, 12 Feb 2024 | HK$1.6t | HK$1.8t | HK$125.1b | 8x | 12.6x | 0.9x |
| Wed, 10 Jan 2024 | HK$1.6t | HK$1.8t | HK$125.2b | 8.5x | 12.7x | 0.9x |
| Fri, 08 Dec 2023 | HK$1.5t | HK$1.8t | HK$125.1b | 7.7x | 11.8x | 0.8x |
| Sun, 05 Nov 2023 | HK$1.5t | HK$1.8t | HK$125.9b | 8x | 11.9x | 0.8x |
| Tue, 03 Oct 2023 | HK$1.5t | HK$1.8t | HK$115.0b | 8.5x | 13.2x | 0.8x |
| Thu, 31 Aug 2023 | HK$1.5t | HK$1.8t | HK$114.5b | 8.4x | 13.4x | 0.8x |
| Sat, 29 Jul 2023 | HK$1.7t | HK$1.8t | HK$98.8b | 9.5x | 17x | 0.9x |
| Mon, 26 Jun 2023 | HK$1.6t | HK$1.8t | HK$95.0b | 9.5x | 16.9x | 0.9x |
| Wed, 24 May 2023 | HK$1.7t | HK$1.8t | HK$95.5b | 9.8x | 17.8x | 0.9x |
| Fri, 21 Apr 2023 | HK$1.7t | HK$1.9t | HK$91.5b | 9.4x | 18.4x | 0.9x |
| Sun, 19 Mar 2023 | HK$1.7t | HK$1.8t | HK$59.6b | 9x | 28.6x | 0.9x |
Price to Earnings Ratio
28.6x
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 14.2x.
- 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 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 | 2.23% | |
| Utilities | 2.83% | |
| Renewable Energy | 7.04% | |
| Other Utilities | 1.15% | |
| Electric Utilities | 0.91% | |
| Water Utilities | 0.56% | |
| Gas Utilities | -1.20% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 17.2x.
- Analysts are expecting annual earnings growth of 4.7%, which is higher than its past year's earnings growth of 1.6% 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 9.8% over the next 5 years.
- This is better than its past earnings decline of 6.7% per year.
- In contrast, the Water 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1816 CGN Power | HK$3.51 | 9.0% +HK$14.6b | 41.5% | PE16.6x | |
| 916 China Longyuan Power Group | HK$8.44 | 6.7% +HK$4.4b | 40.2% | PE13.7x | |
| 991 Datang International Power Generation | HK$2.86 | 8.7% +HK$4.3b | 89.4% | PE6.9x | |
| 836 China Resources Power Holdings | HK$19.42 | 4.4% +HK$4.2b | 5.7% | PE7.8x | |
| 902 Huaneng Power International | HK$6.29 | 2.3% +HK$2.2b | 40.4% | PE7.5x |
