Improved Earnings Required Before Datang International Power Generation Co., Ltd. (HKG:991) Shares Find Their Feet
Dec 08
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Hong Kong (HSI) Utilities Sector Analysis
UpdatedDec 12, 2025
DataAggregated Company Financials
Companies58
- 7D-3.1%
- 3M-6.9%
- 1Y6.0%
- YTD6.6%
Over the last 7 days, the Utilities industry has dropped 3.1%, driven by CGN Power declining 4.9%. In the past year, the industry has gained 6.0%. Looking forward, earnings are forecast to grow by 7.6% 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 |
|---|---|---|---|---|---|---|
| Fri, 12 Dec 2025 | HK$1.7t | HK$1.7t | HK$129.1b | 9.1x | 13.2x | 1x |
| Sun, 09 Nov 2025 | HK$1.8t | HK$1.7t | HK$129.1b | 9.8x | 13.8x | 1.1x |
| Tue, 07 Oct 2025 | HK$1.7t | HK$1.7t | HK$126.4b | 10x | 13.3x | 1x |
| Thu, 04 Sep 2025 | HK$1.8t | HK$1.8t | HK$132.1b | 9.9x | 13.9x | 1x |
| Sat, 02 Aug 2025 | HK$1.8t | HK$1.8t | HK$134.2b | 10.1x | 13.7x | 1x |
| Mon, 30 Jun 2025 | HK$1.8t | HK$1.8t | HK$133.3b | 9.3x | 13.4x | 1x |
| Wed, 28 May 2025 | HK$1.8t | HK$1.8t | HK$133.8b | 9.2x | 13.4x | 1x |
| Fri, 25 Apr 2025 | HK$1.7t | HK$1.8t | HK$132.2b | 8.7x | 13x | 0.9x |
| Sun, 23 Mar 2025 | HK$1.7t | HK$1.8t | HK$125.2b | 9x | 13.5x | 0.9x |
| Tue, 18 Feb 2025 | HK$1.7t | HK$1.8t | HK$119.7b | 8.6x | 13.9x | 0.9x |
| Thu, 16 Jan 2025 | HK$1.6t | HK$1.8t | HK$119.2b | 8x | 13.7x | 0.9x |
| Sat, 14 Dec 2024 | HK$1.7t | HK$1.8t | HK$119.6b | 8.4x | 14.3x | 0.9x |
| Mon, 11 Nov 2024 | HK$1.7t | HK$1.8t | HK$120.4b | 8.8x | 14.4x | 1x |
| Wed, 09 Oct 2024 | HK$1.8t | HK$1.8t | HK$125.0b | 9.3x | 14.1x | 1x |
| Fri, 06 Sep 2024 | HK$1.7t | HK$1.8t | HK$124.7b | 8.3x | 13.5x | 0.9x |
| Sun, 04 Aug 2024 | HK$1.7t | HK$1.8t | HK$124.2b | 8.7x | 14x | 1x |
| Tue, 02 Jul 2024 | HK$1.8t | HK$1.8t | HK$124.7b | 9.6x | 14x | 1x |
| Thu, 30 May 2024 | HK$1.8t | HK$1.8t | HK$125.4b | 9.6x | 14x | 1x |
| Sat, 27 Apr 2024 | HK$1.7t | HK$1.8t | HK$124.1b | 9.1x | 13.4x | 0.9x |
| Mon, 25 Mar 2024 | HK$1.7t | HK$1.8t | HK$121.5b | 8.1x | 13.6x | 0.9x |
| Wed, 21 Feb 2024 | HK$1.6t | HK$1.8t | HK$124.8b | 8.5x | 13.1x | 0.9x |
| Fri, 19 Jan 2024 | HK$1.5t | HK$1.8t | HK$124.8b | 8.1x | 12.4x | 0.8x |
| Sun, 17 Dec 2023 | HK$1.5t | HK$1.8t | HK$125.2b | 7.9x | 12.2x | 0.8x |
| Tue, 14 Nov 2023 | HK$1.5t | HK$1.8t | HK$125.9b | 8x | 11.7x | 0.8x |
| Thu, 12 Oct 2023 | HK$1.5t | HK$1.8t | HK$114.9b | 8x | 13x | 0.8x |
| Sat, 09 Sep 2023 | HK$1.5t | HK$1.8t | HK$114.7b | 8.4x | 13.3x | 0.8x |
| Mon, 07 Aug 2023 | HK$1.7t | HK$1.8t | HK$98.8b | 9.5x | 16.8x | 0.9x |
| Wed, 05 Jul 2023 | HK$1.7t | HK$1.8t | HK$92.3b | 9.9x | 18.7x | 1x |
| Fri, 02 Jun 2023 | HK$1.7t | HK$1.8t | HK$95.3b | 9.3x | 17.5x | 0.9x |
| Sun, 30 Apr 2023 | HK$1.7t | HK$1.9t | HK$96.1b | 10.1x | 17.8x | 0.9x |
| Tue, 28 Mar 2023 | HK$1.6t | HK$1.8t | HK$77.6b | 8.9x | 21.1x | 0.9x |
| Thu, 23 Feb 2023 | HK$1.7t | HK$1.8t | HK$59.1b | 8.8x | 29x | 1x |
| Sat, 21 Jan 2023 | HK$1.8t | HK$1.8t | HK$59.1b | 9x | 29.6x | 1x |
| Mon, 19 Dec 2022 | HK$1.6t | HK$1.8t | HK$59.2b | 8.5x | 27.1x | 0.9x |
Price to Earnings Ratio
27.1x
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 13.2x which is lower than its 3-year average PE of 15.4x.
- 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 Market | -2.59% | |
| Utilities | -3.14% | |
| Other Utilities | -0.41% | |
| Electric Utilities | -2.00% | |
| Gas Utilities | -2.62% | |
| Renewable Energy | -3.67% | |
| Water Utilities | -7.71% | |
Industry PE
- Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 11.4x.
- Analysts are expecting annual earnings growth of 4.7%, which is higher than its past year's earnings decline of 13.4% 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 3.9% 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 | |
|---|---|---|---|---|---|
| 1038 CK Infrastructure Holdings | HK$55.20 | 2.1% +HK$2.9b | 4.1% | PE17.1x | |
| 6 Power Assets Holdings | HK$53.20 | 2.3% +HK$2.6b | 4.4% | PE18.4x | |
| 1811 CGN New Energy Holdings | HK$2.78 | 6.5% +HK$729.3m | 16.8% | PE6.7x | |
| 1193 China Resources Gas Group | HK$23.04 | 1.2% +HK$647.4m | -20.6% | PE17.6x | |
| 991 Datang International Power Generation | HK$2.32 | 0.9% +HK$370.1m | 64.5% | PE5.7x |
