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Hong Kong (HSI) Utilities Sector Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies58
  • 7D1.1%
  • 3M1.6%
  • 1Y5.9%
  • YTD7.8%

Last week, the Utilities industry hasn't moved much but CK Infrastructure Holdings is up 7.7% in that time. The past year has been better, since the industry has gained 5.8% in that time. 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
Wed, 24 Dec 2025HK$1.7tHK$1.7tHK$129.3b9.5x13.4x1x
Fri, 21 Nov 2025HK$1.7tHK$1.7tHK$129.2b9.4x13.5x1x
Sun, 19 Oct 2025HK$1.7tHK$1.7tHK$126.2b9.7x13.7x1x
Tue, 16 Sep 2025HK$1.9tHK$1.8tHK$132.1b10.3x14.2x1x
Thu, 14 Aug 2025HK$1.9tHK$1.8tHK$134.1b10.2x14x1x
Sat, 12 Jul 2025HK$1.8tHK$1.8tHK$132.9b9.7x13.7x1x
Mon, 09 Jun 2025HK$1.8tHK$1.8tHK$133.0b8.9x13.6x1x
Wed, 07 May 2025HK$1.7tHK$1.8tHK$132.9b9x13x1x
Fri, 04 Apr 2025HK$1.7tHK$1.8tHK$132.9b8.7x12.9x0.9x
Sun, 02 Mar 2025HK$1.7tHK$1.8tHK$123.6b8.4x13.5x0.9x
Tue, 28 Jan 2025HK$1.6tHK$1.8tHK$119.8b8.1x13.7x0.9x
Thu, 26 Dec 2024HK$1.7tHK$1.8tHK$119.3b8.7x14.6x1x
Sat, 23 Nov 2024HK$1.7tHK$1.8tHK$120.0b8.1x14x0.9x
Mon, 21 Oct 2024HK$1.7tHK$1.8tHK$124.6b9x13.8x0.9x
Wed, 18 Sep 2024HK$1.6tHK$1.8tHK$124.8b7.9x13.2x0.9x
Fri, 16 Aug 2024HK$1.8tHK$1.8tHK$125.0b8.4x14.3x1x
Sun, 14 Jul 2024HK$1.8tHK$1.8tHK$124.8b9.1x14.2x1x
Tue, 11 Jun 2024HK$1.8tHK$1.8tHK$125.4b9.9x14.3x1x
Thu, 09 May 2024HK$1.7tHK$1.8tHK$125.7b8.9x13.4x0.9x
Sat, 06 Apr 2024HK$1.6tHK$1.8tHK$121.3b9x13.3x0.9x
Mon, 04 Mar 2024HK$1.6tHK$1.8tHK$120.7b8.5x13.5x0.9x
Wed, 31 Jan 2024HK$1.6tHK$1.8tHK$125.5b8x12.6x0.9x
Fri, 29 Dec 2023HK$1.6tHK$1.8tHK$125.4b7.9x12.4x0.8x
Sun, 26 Nov 2023HK$1.5tHK$1.8tHK$126.5b7.9x11.9x0.8x
Tue, 24 Oct 2023HK$1.5tHK$1.8tHK$114.9b7.9x12.6x0.8x
Thu, 21 Sep 2023HK$1.5tHK$1.8tHK$115.1b8.2x13.3x0.8x
Sat, 19 Aug 2023HK$1.6tHK$1.8tHK$108.4b9.4x14.6x0.9x
Mon, 17 Jul 2023HK$1.7tHK$1.8tHK$92.7b9.4x18.4x0.9x
Wed, 14 Jun 2023HK$1.6tHK$1.8tHK$95.1b9.7x17.3x0.9x
Fri, 12 May 2023HK$1.8tHK$1.9tHK$96.1b10x18.6x1x
Sun, 09 Apr 2023HK$1.6tHK$1.9tHK$91.6b9.1x17.8x0.9x
Tue, 07 Mar 2023HK$1.7tHK$1.8tHK$60.9b9.1x28.6x1x
Thu, 02 Feb 2023HK$1.7tHK$1.8tHK$59.1b8.8x29.5x1x
Sat, 31 Dec 2022HK$1.6tHK$1.8tHK$59.1b8.4x27.8x0.9x
Price to Earnings Ratio

27.8x


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 15.3x202320242025
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 13.3x which is lower than its 3-year average PE of 15.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.93x.
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 Market1.86%
Utilities1.09%
Electric Utilities4.08%
Renewable Energy0.28%
Water Utilities0.073%
Other Utilities-0.41%
Gas Utilities-0.64%
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$57.507.7%
+HK$10.3b		1.8%PE17.8x
6 Power Assets HoldingsHK$54.805.4%
+HK$6.0b		1.9%PE19x
2 CLP HoldingsHK$69.401.4%
+HK$2.4b		7.1%PE15.4x
1816 CGN PowerHK$2.951.4%
+HK$2.0b		4.6%PE14.3x
836 China Resources Power HoldingsHK$17.801.1%
+HK$983.6m		-5.8%PE7.1x

Latest News

1193
HK$22.56
China Resources Gas Group
7D
-0.8%
1Y
-23.5%
836
HK$17.80
China Resources Power Holdings
7D
1.1%
1Y
-5.8%
1798
HK$2.11
China Datang Corporation Renewable Power
7D
-1.9%
1Y
1.0%

A Piece Of The Puzzle Missing From China Datang Corporation Renewable Power Co., Limited's (HKG:1798) Share Price

Dec 19
A Piece Of The Puzzle Missing From China Datang Corporation Renewable Power Co., Limited's (HKG:1798) Share Price
2688
HK$69.70
ENN Energy Holdings
7D
-2.7%
1Y
22.4%

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.
902
HK$6.15
Huaneng Power International
7D
-1.4%
1Y
42.4%

Is Huaneng Power International (HKG:902) A Risky Investment?

Dec 13
Is Huaneng Power International (HKG:902) A Risky Investment?
991
HK$2.32
Datang International Power Generation
7D
1.8%
1Y
60.0%

Improved Earnings Required Before Datang International Power Generation Co., Ltd. (HKG:991) Shares Find Their Feet

Dec 08
Improved Earnings Required Before Datang International Power Generation Co., Ltd. (HKG:991) Shares Find Their Feet
384
HK$7.76
China Gas Holdings
7D
-3.1%
1Y
17.0%

China Gas Holdings (HKG:384) Is Paying Out A Dividend Of HK$0.15

Dec 01
China Gas Holdings (HKG:384) Is Paying Out A Dividend Of HK$0.15
2
HK$69.40
CLP Holdings
7D
1.4%
1Y
7.1%

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

Nov 27
Calculating The Intrinsic Value Of CLP Holdings Limited (HKG:2)
3
HK$7.08
Hong Kong and China Gas
7D
0.7%
1Y
15.3%

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$1.45
Shandong Hi-Speed Holdings Group
7D
-8.8%
1Y
-77.2%

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
-4.1%
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
2638
HK$6.31
HK Electric Investments and HK Electric Investments
7D
1.4%
1Y
19.7%

Investors Met With Slowing Returns on Capital At HK Electric Investments and HK Electric Investments (HKG:2638)

Nov 07
Investors Met With Slowing Returns on Capital At HK Electric Investments and HK Electric Investments (HKG:2638)
1816
HK$2.95
CGN Power
7D
1.4%
1Y
4.6%
2380
HK$3.37
China Power International Development
7D
-0.9%
1Y
10.1%
1038
HK$57.50
CK Infrastructure Holdings
7D
7.7%
1Y
1.8%
6
HK$54.80
Power Assets Holdings
7D
5.4%
1Y
1.9%