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

Investors are pessimistic on the Hong Kong Water 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 8.2x which is lower than its 3-year average PE of 10.7x. The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.0x.

How does Hong Kong Water compare with similar industries?

There is insufficient data on the sub-industries of this industry.

Hong Kong (HSI) Water Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 10 Aug 2022	HK$90.1b	HK$87.6b	HK$11.0b	5.5x	8.2x	1x
Fri, 08 Jul 2022	HK$97.1b	HK$87.7b	HK$11.1b	5.4x	8.8x	1.1x
Sun, 05 Jun 2022	HK$110.8b	HK$86.6b	HK$11.0b	5.6x	10x	1.3x
Tue, 03 May 2022	HK$113.5b	HK$86.7b	HK$11.0b	5.8x	10.3x	1.3x
Thu, 31 Mar 2022	HK$121.0b	HK$91.8b	HK$13.4b	4.1x	9x	1.3x
Sat, 26 Feb 2022	HK$123.5b	HK$91.8b	HK$13.5b	4.2x	9.1x	1.3x
Mon, 24 Jan 2022	HK$123.6b	HK$91.6b	HK$13.5b	4.4x	9.1x	1.3x
Wed, 22 Dec 2021	HK$116.5b	HK$91.6b	HK$13.5b	4.2x	8.6x	1.3x
Fri, 19 Nov 2021	HK$117.8b	HK$90.2b	HK$13.3b	4.3x	8.9x	1.3x
Sun, 17 Oct 2021	HK$119.6b	HK$88.0b	HK$12.8b	4.8x	9.3x	1.4x
Tue, 14 Sep 2021	HK$125.5b	HK$88.4b	HK$12.8b	4.9x	9.8x	1.4x
Thu, 12 Aug 2021	HK$122.4b	HK$88.4b	HK$12.8b	5.3x	9.6x	1.4x
Mon, 07 Jun 2021	HK$125.8b	HK$86.3b	HK$12.6b	5.4x	10x	1.5x
Sun, 28 Feb 2021	HK$141.1b	HK$81.9b	HK$12.1b	5.6x	11.7x	1.7x
Wed, 02 Dec 2020	HK$135.3b	HK$77.5b	HK$12.1b	7.3x	11.2x	1.7x
Sat, 05 Sep 2020	HK$128.7b	HK$74.7b	HK$12.1b	6.3x	10.6x	1.7x
Tue, 09 Jun 2020	HK$146.8b	HK$71.6b	HK$12.6b	6.3x	11.6x	2x
Mon, 02 Mar 2020	HK$152.2b	HK$72.1b	HK$13.3b	6.1x	11.4x	2.1x
Thu, 05 Dec 2019	HK$164.0b	HK$68.2b	HK$12.8b	6.4x	12.8x	2.4x
Sun, 08 Sep 2019	HK$168.6b	HK$64.8b	HK$12.7b	6.1x	13.3x	2.6x


HK Market	1.51%
Utilities	0.20%
Water Utilities	2.05%
Water	2.05%

Company	Last Price	7D	1Y	Valuation
270 Guangdong Investment	HK$7.48	1.2% +HK$588.4m	-33.2%	PE10.2x
1853 Jilin Province Chuncheng Heating	HK$1.96	8.9% +HK$74.7m	-6.2%	PE6.4x
1542 Taizhou Water Group	HK$2.73	7.5% +HK$38.0m	-10.5%	PE3.9x
6839 Yunnan Water Investment	HK$0.40	5.3% +HK$23.9m	-65.7%	PS0.08x
1026 Universal Technologies Holdings	HK$0.14	3.1% +HK$22.1m	-44.2%	PS2x

Aug 06

Taizhou Water Group Co., Ltd. Announces Board Changes

The board (the "Board") of directors of Taizhou Water Group Co., Ltd. hereby announced that Mr. Wang Haiping ("Mr. Wang") has tendered his resignation as a non-executive Director and a member of the audit committee of the Board (the "Audit Committee") on 5 August 2022 due to retirement. The resignation of Mr. Wang will take effect from the date of the next general meeting (the "General Meeting") of the shareholders of the Company (the "Shareholders") to approve the appointment of Mr. Lin Genman ("Mr. Lin") as a non-executive Director. The Board proposed to elect Mr. Lin as a non-executive Director for a term commencing from the date of the General Meeting until the expiration of the term of the fifth session of the Board, and if his appointment is approved by the Shareholders at the General Meeting, he will replace Mr. Wang as a member of the Audit Committee. Mr. Lin has confirmed that he has no disagreement on such nomination. Mr. Lin Genman, aged 49, graduated with a bachelor's degree in accounting from Zhejiang University of Finance & Economics (formerly known as Zhejiang College of Finance & Economics* in June 2004 and was accredited as a senior accountant by the Zhejiang Provincial Department of Human Resources and Social Security in April 2012. Mr. Lin has served as: (i) the chief accountant of Yuhuan County Foreign Economic and Trade Cooperation Bureau from September 1993 to February 1999; (ii) the chief accountant of Taizhou Urban Construction and Investment Development Group Co., Ltd. (formerly known as Taizhou Infrastructure Construction Investment Group Co., Ltd., a substantial shareholder of the Company ("Taizhou Urban Construction"), from February 1999 to July 2011; (iii) the deputy manager of the planning and finance department of Taizhou Urban Construction from July 2011 to September 2017; (iv) the manager of the investment management department of Taizhou Urban Construction from September 2017 to May 2019; (v) the founder of the investment development department of Taizhou Urban Construction from May 2019 to November 2019; (vi) the manager of the planning and finance department of Taizhou Urban Construction from November 2019 to March 2022; and (vii) the manager of the finance and treasury department of Taizhou Urban Construction since April 2022. Mr. Lin has also served as (i) the manager and executive director of Taizhou Asset Management Co., Ltd., a wholly-owned subsidiary of Taizhou Urban Construction, from September 2017 to December 2019; (ii) the chairman of the board of directors of Universal Car Sharing Taizhou Car Rental Co., Ltd., a non-wholly owned subsidiary of Taizhou Urban Construction from December 2017 to November 2018; and (iii) the chairman of the board of directors and manager of Taizhou Luda Investment Co., Ltd. since June 2018. Mr. Lin was the manager, executive director and legal representative of Taizhou Yuanlu Highway Construction and Development Co., Ltd. ("Taizhou Yuanlu") from December 2019 to January 2022, prior to its dissolution in January 2022. Taizhou Yuanlu was a limited liability company established in the PRC and its principal activity was road tolling. It was dissolved by way of liquidation by its shareholders on 21 January 2022 due to cessation of business as the relevant government has cancelled toll charges for the relevant areas. Mr. Lin confirmed that, to the best of his information and belief after making reasonable enquiries, Taizhou Yuanlu was solvent and had ceased operations at the time of its dissolution.

Hong Kong (HSI) Water Industry Analysis

Industry Valuation and Performance

Industry Comparison

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