Hong Kong (HSI) Electric Utilities Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE
Tue, 30 Nov 2021	HK$481.7b	HK$106.2b	HK$27.1b	15.8x
Thu, 28 Oct 2021	HK$474.5b	HK$106.5b	HK$26.7b	15.5x
Sat, 25 Sep 2021	HK$465.7b	HK$106.4b	HK$26.7b	14.9x
Mon, 23 Aug 2021	HK$499.0b	HK$106.4b	HK$26.7b	16.4x
Sat, 10 Jul 2021	HK$484.3b	HK$106.4b	HK$26.7b	15.8x
Fri, 02 Apr 2021	HK$475.8b	HK$104.8b	HK$27.1b	15.7x
Mon, 04 Jan 2021	HK$445.1b	HK$103.3b	HK$27.6b	14.5x
Thu, 08 Oct 2020	HK$432.1b	HK$103.3b	HK$27.2b	13.6x
Wed, 01 Jul 2020	HK$456.6b	HK$103.2b	HK$26.9b	14.8x
Sat, 04 Apr 2020	HK$452.0b	HK$106.2b	HK$25.5b	13.6x
Tue, 07 Jan 2020	HK$538.8b	HK$109.2b	HK$24.2b	15.9x
Mon, 30 Sep 2019	HK$521.7b	HK$110.8b	HK$24.7b	14.5x
Thu, 04 Jul 2019	HK$571.3b	HK$112.6b	HK$25.3b	15.9x
Sun, 07 Apr 2019	HK$582.3b	HK$114.0b	HK$30.0b	15.6x
Wed, 09 Jan 2019	HK$561.7b	HK$115.3b	HK$34.7b	14.8x

PE Ratio

14.3x

Fri, 07 Dec 2018

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 15.1x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Electric Utilities industry have declined 9.2% per year over the last three years, and revenues have also declined 2.6% per year. This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Hong Kong Electric Utilities industry?


Electric Utilities	0.70%

Industry PE: Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 15.1x. However analysts are expecting annual earnings growth of 5.7%, which is lower than the prior year's growth of 7.3% per year. So the market might believe that analysts are underestimating future growth.

Forecasted Growth: Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 5.7% over the next 5 years. However this is lower than its past earnings growth rate of 7.3% per year.

	Company	7D	1Y	Valuation
	2 CLP Holdings	0.7%+HK$1.3b	4.7%	PE19.2x

Company

Valuation

2 CLP Holdings

0.7%+HK$1.3b

4.7%

PE19.2x

Shie Thomas cancelled the acquisition of 28.28% stake in Xinyang Maojian Group Limited (SEHK:362) from Chan Yuen Tung.

Shie Thomas entered into an unconditional sale and purchase agreement to acquire 28.28% stake in Xinyang Maojian Group Limited (SEHK:362) from Chan Yuen Tung for approximately HKD 280 million on August 19, 2020. As per the agreement, Shie Thomas will acquire 382 million share of Xinyang Maojian Group Limited at an offer price of HKD 0.72. Upon the closing of the transaction, Shie Thomas will hold 29.55% in Xinyang Maojian Group Limited and Chan Yuen Tung will not hold any shares and will cease to be the single largest shareholder of the Xinyang Maojian Group Limited. The transaction will be closed within 90 days from the agreement. As per the supplemental agreement, Chan has received a non-refundable deposit of HKD 20 million. If She fails to pay the remaining amount of the consideration i.e. HKD 255.04 million Chan is entitled to forfeit the deposit absolutely. In case Chan receives the remaining consideration but fails to proceed to completion, Chan shall return the deposit and pay a compensation amount of HKD 20 million. As on December 15, 2020, as Shie was not able to perform the due diligence exercise, completion date has been extended to a date on or before June 30, 2021. Shie Thomas cancelled the acquisition of 28.28% stake in Xinyang Maojian Group Limited (SEHK:362) from Chan Yuen Tung recently. The Xinyang Maojian has been informed by Chan Yuen that as the conditions precedent of the SPA have not been fulfilled, the SPA has lapsed and ceased to have effect in accordance with the terms of the SPA.

Hong Kong (HSI) Electric Utilities Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

1038

An Intrinsic Calculation For CK Infrastructure Holdings Limited (HKG:1038) Suggests It's 35% Undervalued

2

Is CLP Holdings (HKG:2) Using Too Much Debt?

2638

Investors Could Be Concerned With HK Electric Investments and HK Electric Investments' (HKG:2638) Returns On Capital

362

Shie Thomas cancelled the acquisition of 28.28% stake in Xinyang Maojian Group Limited (SEHK:362) from Chan Yuen Tung.

6

Upcoming dividend of HK$0.78 per share