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Hong Kong (HSI) Utilities Sector Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies58
  • 7D1.5%
  • 3M3.5%
  • 1Y6.7%
  • YTD8.6%

Over the last 7 days, the Utilities industry has risen 1.5%, driven by gains from CK Infrastructure Holdings of 4.9%. This means that the industry has gained 6.7% over the past year. 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
Fri, 26 Dec 2025HK$1.7tHK$1.7tHK$129.5b9.5x13.5x1x
Sun, 23 Nov 2025HK$1.7tHK$1.7tHK$129.3b8.8x13.3x1x
Tue, 21 Oct 2025HK$1.7tHK$1.7tHK$126.3b9.9x13.7x1x
Thu, 18 Sep 2025HK$1.9tHK$1.8tHK$132.2b10.2x14.1x1x
Sat, 16 Aug 2025HK$1.9tHK$1.8tHK$133.9b10.3x13.9x1x
Mon, 14 Jul 2025HK$1.8tHK$1.8tHK$133.0b9.8x13.7x1x
Wed, 11 Jun 2025HK$1.8tHK$1.8tHK$133.1b9.2x13.6x1x
Fri, 09 May 2025HK$1.7tHK$1.8tHK$132.9b9x13.1x1x
Sun, 06 Apr 2025HK$1.7tHK$1.8tHK$133.0b8.7x12.9x0.9x
Tue, 04 Mar 2025HK$1.7tHK$1.8tHK$123.6b8.7x13.5x0.9x
Thu, 30 Jan 2025HK$1.6tHK$1.8tHK$119.9b8x13.6x0.9x
Sat, 28 Dec 2024HK$1.7tHK$1.8tHK$119.3b8.7x14.6x1x
Mon, 25 Nov 2024HK$1.7tHK$1.8tHK$120.0b8.1x14x0.9x
Wed, 23 Oct 2024HK$1.7tHK$1.8tHK$124.4b9.1x13.9x1x
Fri, 20 Sep 2024HK$1.7tHK$1.8tHK$125.1b8.1x13.2x0.9x
Sun, 18 Aug 2024HK$1.8tHK$1.8tHK$123.9b8.6x14.3x1x
Tue, 16 Jul 2024HK$1.8tHK$1.8tHK$124.7b9.1x14.2x1x
Thu, 13 Jun 2024HK$1.8tHK$1.8tHK$125.3b9.6x14x1x
Sat, 11 May 2024HK$1.7tHK$1.8tHK$125.7b9.4x13.9x1x
Mon, 08 Apr 2024HK$1.6tHK$1.8tHK$121.3b9x13.3x0.9x
Wed, 06 Mar 2024HK$1.6tHK$1.8tHK$120.7b8.3x13.6x0.9x
Fri, 02 Feb 2024HK$1.6tHK$1.8tHK$124.9b8x12.6x0.9x
Sun, 31 Dec 2023HK$1.6tHK$1.8tHK$125.4b8.2x12.5x0.8x
Tue, 28 Nov 2023HK$1.5tHK$1.8tHK$126.5b7.9x11.9x0.8x
Thu, 26 Oct 2023HK$1.5tHK$1.8tHK$122.9b7.7x11.8x0.8x
Sat, 23 Sep 2023HK$1.5tHK$1.8tHK$115.1b8.3x13.2x0.8x
Mon, 21 Aug 2023HK$1.6tHK$1.8tHK$108.4b9.4x14.6x0.9x
Wed, 19 Jul 2023HK$1.7tHK$1.8tHK$92.5b9.3x18.1x0.9x
Fri, 16 Jun 2023HK$1.6tHK$1.8tHK$95.0b9.7x17.2x0.9x
Sun, 14 May 2023HK$1.8tHK$1.9tHK$96.0b10x18.5x1x
Tue, 11 Apr 2023HK$1.6tHK$1.9tHK$91.6b9.1x17.9x0.9x
Thu, 09 Mar 2023HK$1.7tHK$1.8tHK$60.9b8.7x28x0.9x
Sat, 04 Feb 2023HK$1.7tHK$1.8tHK$59.1b8.8x29.5x1x
Mon, 02 Jan 2023HK$1.6tHK$1.8tHK$59.1b8.4x27.9x0.9x
Price to Earnings Ratio

27.9x


Total Market Cap: HK$1.6tTotal Earnings: HK$59.1bTotal Revenue: HK$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 15.3x20242025
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 15.3x.
  • 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 Market0.88%
Utilities1.49%
Electric Utilities2.90%
Renewable Energy1.17%
Gas Utilities0.69%
Water Utilities0.20%
Other Utilities-0.41%
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
1038 CK Infrastructure HoldingsHK$58.554.9%
+HK$6.9b		3.6%PE18.1x
6 Power Assets HoldingsHK$55.804.2%
+HK$4.8b		3.7%PE19.3x
1816 CGN PowerHK$3.012.0%
+HK$3.0b		6.7%PE14.6x
3 Hong Kong and China GasHK$7.122.3%
+HK$3.0b		16.0%PE23.6x
2 CLP HoldingsHK$69.801.2%
+HK$2.0b		7.7%PE15.4x

Latest News

902
HK$6.17
Huaneng Power International
7D
-0.8%
1Y
42.8%
991
HK$2.34
Datang International Power Generation
7D
3.1%
1Y
61.4%
686
HK$1.12
Beijing Energy International Holding
7D
-4.3%
1Y
5.7%
1193
HK$22.36
China Resources Gas Group
7D
-2.2%
1Y
-24.2%
836
HK$17.78
China Resources Power Holdings
7D
1.2%
1Y
-5.9%
135
HK$7.44
Kunlun Energy
7D
-0.8%
1Y
-10.1%

These 4 Measures Indicate That Kunlun Energy (HKG:135) Is Using Debt Reasonably Well

Dec 16
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2688
HK$70.35
ENN Energy Holdings
7D
2.0%
1Y
23.5%

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.
2
HK$69.80
CLP Holdings
7D
1.2%
1Y
7.7%

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
2.3%
1Y
16.0%

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
412
HK$1.42
Shandong Hi-Speed Holdings Group
7D
-3.4%
1Y
-77.7%

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
1083
HK$3.76
Towngas Smart Energy
7D
-1.8%
1Y
17.9%

Some Investors May Be Worried About Towngas Smart Energy's (HKG:1083) Returns On Capital

Nov 11
Some Investors May Be Worried About Towngas Smart Energy's (HKG:1083) Returns On Capital
1816
HK$3.01
CGN Power
7D
2.0%
1Y
6.7%
1713
HK$2.40
Sichuan Energy Investment Development
7D
-2.0%
1Y
13.7%

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
182
HK$0.31
Concord New Energy Group
7D
-3.1%
1Y
-39.2%
1038
HK$58.55
CK Infrastructure Holdings
7D
4.9%
1Y
3.6%
6
HK$55.80
Power Assets Holdings
7D
4.2%
1Y
3.7%