Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Hong Kong (HSI) Utilities Sector Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies58
  • 7D0.6%
  • 3M4.1%
  • 1Y16.6%
  • YTD7.2%

Last week, the Utilities industry hasn't moved much but Huaneng Power International is up 7.0% in that time. The past year has been better, since the industry has gained 17% in that time. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026HK$1.8tHK$1.7tHK$130.1b9.6x14.2x1.1x
Sat, 31 Jan 2026HK$1.8tHK$1.7tHK$130.3b9.3x13.8x1x
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
Price to Earnings Ratio

27.3x


Total Market Cap: HK$1.7tTotal Earnings: HK$60.9bTotal Revenue: HK$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 14.3x202420252026
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 14.3x.
  • 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 29% 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-4.00%
Utilities0.62%
Renewable Energy2.01%
Gas Utilities0.31%
Electric Utilities-0.32%
Water Utilities-3.02%
Other Utilities-4.03%
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 9.9% 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?

CompanyLast Price7D1YValuation
902 Huaneng Power InternationalHK$6.158.7%
+HK$7.7b		42.4%PE7.3x
916 China Longyuan Power GroupHK$7.917.0%
+HK$4.3b		28.4%PE12.9x
1816 CGN PowerHK$3.222.5%
+HK$4.0b		30.4%PE15.2x
2 CLP HoldingsHK$74.551.6%
+HK$2.9b		12.5%PE18x
991 Datang International Power GenerationHK$2.635.6%
+HK$2.6b		81.4%PE6.3x

Latest News

1257
HK$0.83
China Everbright Greentech
7D
-6.7%
1Y
10.7%
2
HK$74.55
CLP Holdings
7D
1.6%
1Y
12.5%
1193
HK$20.28
China Resources Gas Group
7D
-2.8%
1Y
-22.4%
902
HK$6.15
Huaneng Power International
7D
8.7%
1Y
42.4%

902: Upcoming Governance Meeting Will Support Future Upside For Undervalued Shares

Analysts have slightly reduced their HK$ price target on Huaneng Power International, reflecting only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, while keeping the overall fair value estimate broadly unchanged. What's in the News A special and extraordinary shareholders meeting is scheduled for December 23, 2025, at 09:00 China Standard Time, to be held in the company’s meeting room in Xicheng District, Beijing, China (Key Developments).
412
HK$1.50
Shandong Hi-Speed Holdings Group
7D
-10.2%
1Y
-74.2%
1816
HK$3.22
CGN Power
7D
2.5%
1Y
30.4%
991
HK$2.63
Datang International Power Generation
7D
5.6%
1Y
81.4%

Datang International Power Generation (HKG:991) Takes On Some Risk With Its Use Of Debt

Feb 01
Datang International Power Generation (HKG:991) Takes On Some Risk With Its Use Of Debt
135
HK$8.56
Kunlun Energy
7D
2.3%
1Y
10.3%
270
HK$7.54
Guangdong Investment
7D
-0.4%
1Y
24.4%
392
HK$35.22
Beijing Enterprises Holdings
7D
-0.4%
1Y
28.8%

Beijing Enterprises Holdings Limited (HKG:392) Shares Could Be 26% Below Their Intrinsic Value Estimate

Jan 26
Beijing Enterprises Holdings Limited (HKG:392) Shares Could Be 26% Below Their Intrinsic Value Estimate
6
HK$63.30
Power Assets Holdings
7D
-0.5%
1Y
18.3%
855
HK$5.35
China Water Affairs Group
7D
-2.2%
1Y
-7.6%
2380
HK$3.33
China Power International Development
7D
3.7%
1Y
13.3%
836
HK$18.61
China Resources Power Holdings
7D
1.9%
1Y
3.0%

Calculating The Fair Value Of China Resources Power Holdings Company Limited (HKG:836)

Jan 07
Calculating The Fair Value Of China Resources Power Holdings Company Limited (HKG:836)
1038
HK$65.85
CK Infrastructure Holdings
7D
-1.7%
1Y
21.7%
916
HK$7.91
China Longyuan Power Group
7D
7.0%
1Y
28.4%