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Hong Kong (HSI) Utilities Sector Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies58
  • 7D-0.7%
  • 3M1.3%
  • 1Y17.9%
  • YTD5.5%

The Utilities is pretty flat in the last 7 days, but Hong Kong and China Gas has stood out, gaining 3.4%. As for the the longer term, the industry is up 19% over the past 12 months. As for the next few years, earnings are expected to grow by 7.0% per annum.

Sector Valuation and Performance

Has the Hong Kong Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026HK$1.8tHK$1.7tHK$130.5b9.1x13.9x1.1x
Sun, 04 Jan 2026HK$1.7tHK$1.7tHK$129.8b9.6x13.2x1x
Tue, 02 Dec 2025HK$1.7tHK$1.7tHK$129.0b9.6x13.5x1x
Thu, 30 Oct 2025HK$1.7tHK$1.7tHK$130.2b9.7x13.4x1x
Sat, 27 Sep 2025HK$1.7tHK$1.8tHK$132.0b9.7x13.2x1x
Mon, 25 Aug 2025HK$1.8tHK$1.8tHK$132.3b10x13.9x1x
Wed, 23 Jul 2025HK$1.9tHK$1.8tHK$132.9b10x14.1x1x
Fri, 20 Jun 2025HK$1.8tHK$1.8tHK$133.1b9x13.4x1x
Sun, 18 May 2025HK$1.8tHK$1.8tHK$133.5b9x13.1x1x
Tue, 15 Apr 2025HK$1.7tHK$1.8tHK$132.5b8.3x12.6x0.9x
Thu, 13 Mar 2025HK$1.7tHK$1.8tHK$124.1b9x13.6x0.9x
Sat, 08 Feb 2025HK$1.6tHK$1.8tHK$119.6b8.3x13.7x0.9x
Mon, 06 Jan 2025HK$1.7tHK$1.8tHK$119.2b8.4x14.2x0.9x
Wed, 04 Dec 2024HK$1.7tHK$1.8tHK$119.5b8.3x14.1x0.9x
Fri, 01 Nov 2024HK$1.7tHK$1.8tHK$121.2b8.8x14x0.9x
Sun, 29 Sep 2024HK$1.8tHK$1.8tHK$125.4b9.1x14x1x
Tue, 27 Aug 2024HK$1.7tHK$1.8tHK$124.5b8.5x14x1x
Thu, 25 Jul 2024HK$1.8tHK$1.8tHK$124.6b9x14.3x1x
Sat, 22 Jun 2024HK$1.7tHK$1.8tHK$125.2b9.5x13.8x0.9x
Mon, 20 May 2024HK$1.8tHK$1.8tHK$125.5b9.5x14x1x
Wed, 17 Apr 2024HK$1.7tHK$1.8tHK$121.3b8.7x13.8x0.9x
Fri, 15 Mar 2024HK$1.7tHK$1.8tHK$120.7b8.9x13.8x0.9x
Sun, 11 Feb 2024HK$1.6tHK$1.8tHK$125.1b8x12.6x0.9x
Tue, 09 Jan 2024HK$1.6tHK$1.8tHK$125.0b8.2x12.6x0.9x
Thu, 07 Dec 2023HK$1.5tHK$1.8tHK$125.0b7.7x11.8x0.8x
Sat, 04 Nov 2023HK$1.5tHK$1.8tHK$125.8b8x11.9x0.8x
Mon, 02 Oct 2023HK$1.5tHK$1.8tHK$115.0b8.5x13.2x0.8x
Wed, 30 Aug 2023HK$1.5tHK$1.8tHK$112.8b8.8x13.7x0.9x
Fri, 28 Jul 2023HK$1.7tHK$1.8tHK$98.9b9.5x16.9x0.9x
Sun, 25 Jun 2023HK$1.6tHK$1.8tHK$95.0b9.5x16.9x0.9x
Tue, 23 May 2023HK$1.6tHK$1.8tHK$95.6b9.9x16.4x0.8x
Thu, 20 Apr 2023HK$1.7tHK$1.9tHK$91.5b9.4x18.4x0.9x
Sat, 18 Mar 2023HK$1.7tHK$1.8tHK$58.5b9x29.1x0.9x
Mon, 13 Feb 2023HK$1.8tHK$1.8tHK$59.1b8.8x29.7x1x
Price to Earnings Ratio

29.7x


Total Market Cap: HK$1.8tTotal Earnings: HK$59.1bTotal Revenue: HK$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 14.7x202420252026
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 14.7x.
  • 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-3.69%
Utilities-0.73%
Water Utilities3.41%
Gas Utilities1.07%
Electric Utilities1.07%
Other Utilities-1.82%
Renewable Energy-3.70%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 17.3x.
    • Analysts are expecting annual earnings growth of 3.9%, which is lower than the prior year's growth of 9.3% 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 9.7% 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?

CompanyLast Price7D1YValuation
2 CLP HoldingsHK$75.602.2%
+HK$4.2b		18.6%PE16.7x
3 Hong Kong and China GasHK$7.562.6%
+HK$3.5b		27.7%PE25x
6 Power Assets HoldingsHK$62.202.6%
+HK$3.3b		25.3%PE21.5x
371 Beijing Enterprises Water GroupHK$2.9610.0%
+HK$2.7b		37.7%PE19.7x
1038 CK Infrastructure HoldingsHK$64.951.1%
+HK$1.8b		25.4%PE20.1x

Latest News

579
HK$2.26
Beijing Jingneng Clean Energy
7D
-3.0%
1Y
18.9%

Here's What To Make Of Beijing Jingneng Clean Energy's (HKG:579) Decelerating Rates Of Return

Feb 04
Here's What To Make Of Beijing Jingneng Clean Energy's (HKG:579) Decelerating Rates Of Return
2
HK$75.60
CLP Holdings
7D
2.2%
1Y
18.6%

Earnings Not Telling The Story For CLP Holdings Limited (HKG:2)

Feb 04
Earnings Not Telling The Story For CLP Holdings Limited (HKG:2)
991
HK$2.29
Datang International Power Generation
7D
-2.6%
1Y
64.7%

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$8.16
Kunlun Energy
7D
2.0%
1Y
8.8%
902
HK$5.37
Huaneng Power International
7D
-5.8%
1Y
31.6%
384
HK$7.93
China Gas Holdings
7D
2.5%
1Y
25.3%

Is There An Opportunity With China Gas Holdings Limited's (HKG:384) 49% Undervaluation?

Jan 27
Is There An Opportunity With China Gas Holdings Limited's (HKG:384) 49% Undervaluation?
1798
HK$2.01
China Datang Corporation Renewable Power
7D
-3.8%
1Y
-6.9%

A Look At The Fair Value Of China Datang Corporation Renewable Power Co., Limited (HKG:1798)

Jan 23
A Look At The Fair Value Of China Datang Corporation Renewable Power Co., Limited (HKG:1798)
1816
HK$3.11
CGN Power
7D
-4.6%
1Y
20.1%
6
HK$62.20
Power Assets Holdings
7D
2.6%
1Y
25.3%
3
HK$7.56
Hong Kong and China Gas
7D
2.6%
1Y
27.7%

Calculating The Fair Value Of The Hong Kong and China Gas Company Limited (HKG:3)

Jan 19
Calculating The Fair Value Of The Hong Kong and China Gas Company Limited (HKG:3)
2638
HK$6.83
HK Electric Investments and HK Electric Investments
7D
2.2%
1Y
30.6%

HK Electric Investments and HK Electric Investments Limited's (HKG:2638) Business Is Yet to Catch Up With Its Share Price

Jan 19
HK Electric Investments and HK Electric Investments Limited's (HKG:2638) Business Is Yet to Catch Up With Its Share Price
371
HK$2.96
Beijing Enterprises Water Group
7D
10.0%
1Y
37.7%

Beijing Enterprises Water Group's (HKG:371) Returns On Capital Not Reflecting Well On The Business

Jan 14
Beijing Enterprises Water Group's (HKG:371) Returns On Capital Not Reflecting Well On The Business
2380
HK$3.09
China Power International Development
7D
-5.2%
1Y
5.8%
836
HK$17.68
China Resources Power Holdings
7D
-0.7%
1Y
1.6%

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$64.95
CK Infrastructure Holdings
7D
1.1%
1Y
25.4%
916
HK$6.96
China Longyuan Power Group
7D
-2.0%
1Y
17.6%