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Hong Kong (HSI) Utilities Sector Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies58
  • 7D1.4%
  • 3M0.5%
  • 1Y15.0%
  • YTD2.5%

The Utilities industry is up 1.4% in the last week, with CGN Power up 4.0%. This takes the industry's 12 month performance to a gain of 15%. Earnings are forecast to grow by 7.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026HK$1.8tHK$1.7tHK$130.0b8.7x13.5x1x
Fri, 12 Dec 2025HK$1.7tHK$1.7tHK$129.1b9.1x13.2x1x
Sun, 09 Nov 2025HK$1.8tHK$1.7tHK$129.1b9.8x13.8x1.1x
Tue, 07 Oct 2025HK$1.7tHK$1.7tHK$126.4b10x13.3x1x
Thu, 04 Sep 2025HK$1.8tHK$1.8tHK$132.1b9.9x13.9x1x
Sat, 02 Aug 2025HK$1.8tHK$1.8tHK$134.2b10.1x13.7x1x
Mon, 30 Jun 2025HK$1.8tHK$1.8tHK$133.3b9.3x13.4x1x
Wed, 28 May 2025HK$1.8tHK$1.8tHK$133.8b9.2x13.4x1x
Fri, 25 Apr 2025HK$1.7tHK$1.8tHK$132.2b8.7x13x0.9x
Sun, 23 Mar 2025HK$1.7tHK$1.8tHK$125.2b9x13.5x0.9x
Tue, 18 Feb 2025HK$1.7tHK$1.8tHK$119.7b8.6x13.9x0.9x
Thu, 16 Jan 2025HK$1.6tHK$1.8tHK$119.2b8x13.7x0.9x
Sat, 14 Dec 2024HK$1.7tHK$1.8tHK$119.6b8.4x14.3x0.9x
Mon, 11 Nov 2024HK$1.7tHK$1.8tHK$120.4b8.8x14.4x1x
Wed, 09 Oct 2024HK$1.8tHK$1.8tHK$125.0b9.3x14.1x1x
Fri, 06 Sep 2024HK$1.7tHK$1.8tHK$124.7b8.3x13.5x0.9x
Sun, 04 Aug 2024HK$1.7tHK$1.8tHK$124.2b8.7x14x1x
Tue, 02 Jul 2024HK$1.8tHK$1.8tHK$124.7b9.6x14x1x
Thu, 30 May 2024HK$1.8tHK$1.8tHK$125.4b9.6x14x1x
Sat, 27 Apr 2024HK$1.7tHK$1.8tHK$124.1b9.1x13.4x0.9x
Mon, 25 Mar 2024HK$1.7tHK$1.8tHK$121.5b8.1x13.6x0.9x
Wed, 21 Feb 2024HK$1.6tHK$1.8tHK$124.8b8.5x13.1x0.9x
Fri, 19 Jan 2024HK$1.5tHK$1.8tHK$124.8b8.1x12.4x0.8x
Sun, 17 Dec 2023HK$1.5tHK$1.8tHK$125.2b7.9x12.2x0.8x
Tue, 14 Nov 2023HK$1.5tHK$1.8tHK$125.9b8x11.7x0.8x
Thu, 12 Oct 2023HK$1.5tHK$1.8tHK$114.9b8x13x0.8x
Sat, 09 Sep 2023HK$1.5tHK$1.8tHK$114.7b8.4x13.3x0.8x
Mon, 07 Aug 2023HK$1.7tHK$1.8tHK$98.8b9.5x16.8x0.9x
Wed, 05 Jul 2023HK$1.7tHK$1.8tHK$92.3b9.9x18.7x1x
Fri, 02 Jun 2023HK$1.7tHK$1.8tHK$95.3b9.3x17.5x0.9x
Sun, 30 Apr 2023HK$1.7tHK$1.9tHK$96.1b10.1x17.8x0.9x
Tue, 28 Mar 2023HK$1.6tHK$1.8tHK$77.6b8.9x21.1x0.9x
Thu, 23 Feb 2023HK$1.7tHK$1.8tHK$59.1b8.8x29x1x
Sat, 21 Jan 2023HK$1.8tHK$1.8tHK$59.1b9x29.6x1x
Price to Earnings Ratio

29.6x


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 15x202420252026
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 15.0x.
  • 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.
  • Meanwhile revenues for these companies have declined 2.0% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Hong Kong Utilities sector?

HK Market1.01%
Utilities1.43%
Renewable Energy2.38%
Electric Utilities1.72%
Water Utilities0.72%
Gas Utilities-0.29%
Other Utilities-0.81%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 17.4x.
    • 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, 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?

CompanyLast Price7D1YValuation
1816 CGN PowerHK$3.124.0%
+HK$6.1b		23.8%PE15x
1038 CK Infrastructure HoldingsHK$60.053.0%
+HK$4.4b		12.2%PE18.6x
2 CLP HoldingsHK$71.801.8%
+HK$3.2b		12.1%PE15.9x
412 Shandong Hi-Speed Holdings GroupHK$1.7223.7%
+HK$2.0b		-70.9%PE19.8x
836 China Resources Power HoldingsHK$18.141.5%
+HK$1.4b		5.0%PE7.3x

Latest News

902
HK$5.81
Huaneng Power International
7D
1.2%
1Y
46.7%

902: Governance Meeting And Hydropower Venture Will Support Attractive Long Term Upside

Analysts have adjusted their price target on Huaneng Power International to reflect updated assumptions around discount rates and future P/E, while keeping the implied fair value broadly steady at about ¥6.59 per share. What's in the News A special and extraordinary shareholders meeting is scheduled for Dec 23, 2025 at 09:00 China Standard Time in the company’s meeting room in Xicheng District, Beijing, to vote on several governance and transaction proposals (Key Developments).
1083
HK$3.61
Towngas Smart Energy
7D
-4.2%
1Y
19.1%

There's No Escaping Towngas Smart Energy Company Limited's (HKG:1083) Muted Earnings

Jan 08
There's No Escaping Towngas Smart Energy Company Limited's (HKG:1083) Muted Earnings
2688
HK$69.05
ENN Energy Holdings
7D
-1.3%
1Y
29.4%

2688: Fair Value Will Stay Stable As Index Removal Risk Persists

Analysts have modestly lifted their price target for ENN Energy Holdings to about HK$73.91 from roughly HK$72.68. This reflects their updated view that a slightly higher assumed future P/E multiple offsets small adjustments to revenue growth and profit margin assumptions.
270
HK$6.88
Guangdong Investment
7D
-1.0%
1Y
13.7%
2380
HK$3.25
China Power International Development
7D
-0.6%
1Y
13.2%
1026
HK$0.097
Universal Technologies Holdings
7D
-7.6%
1Y
-17.1%
412
HK$1.72
Shandong Hi-Speed Holdings Group
7D
23.7%
1Y
-70.9%
836
HK$18.14
China Resources Power Holdings
7D
1.5%
1Y
5.0%

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$60.05
CK Infrastructure Holdings
7D
3.0%
1Y
12.2%
1816
HK$3.12
CGN Power
7D
4.0%
1Y
23.8%
916
HK$6.96
China Longyuan Power Group
7D
1.8%
1Y
22.1%
2
HK$71.80
CLP Holdings
7D
1.8%
1Y
12.1%

Is CLP Holdings (HKG:2) A Risky Investment?

Dec 29
Is CLP Holdings (HKG:2) A Risky Investment?
1600
HK$2.91
Tian Lun Gas Holdings
7D
-5.2%
1Y
-16.9%

Does Tian Lun Gas Holdings (HKG:1600) Have A Healthy Balance Sheet?

Dec 23
Does Tian Lun Gas Holdings (HKG:1600) Have A Healthy Balance Sheet?
135
HK$7.44
Kunlun Energy
7D
-2.1%
1Y
-1.2%

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

Dec 16
These 4 Measures Indicate That Kunlun Energy (HKG:135) Is Using Debt Reasonably Well
527
HK$0.58
China Ruifeng Renewable Energy Holdings
7D
-4.9%
1Y
-9.4%

Some Confidence Is Lacking In China Ruifeng Renewable Energy Holdings Limited's (HKG:527) P/S

Nov 19
Some Confidence Is Lacking In China Ruifeng Renewable Energy Holdings Limited's (HKG:527) P/S
2638
HK$6.51
HK Electric Investments and HK Electric Investments
7D
1.7%
1Y
25.0%

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)