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2638.HK HKEX Electric Utilities

HK Electric Investments Ltd

HK$6,25
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Mcap
55,2B HKD
P/E
17,9x
EV / Rev
Div yield
5,01 %
Op margin
ROE
Net margin
Debt / equity
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

HK Electric Investments Ltd generates and distributes electricity in Hong Kong and operates as a vertically integrated electric utility company.

Business. HK Electric Investments Ltd (2638.HK) is an electric utilities company operating within the broader utilities sector. The firm is headquartered in Hong Kong and is primarily listed on the Hong Kong Stock Exchange. As specific segment and geographic details are not provided, the company is described at the industry level as a provider of electric utility services.

Classification92 %
SectorUtilities
IndustryElectric Utilities
Generated · model-assisted
Sell-side consensus
BUY6 analysts
3 buy3 hold0 sell
Avg 12m price target7,41

Analyst recommendations

6 analysts · consensus Buy
Buy3
Hold3
Sell0
12-month price target
7,41
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
17,9x
P/E
Analysts
Buy
6 analysts · indicative
Ownership
not yet wired
Profitability
not yet wired
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2638.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities · THIS SECTOR−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 2638.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Peers
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · Duke Energy (DUK)
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · NextEra Energy (NEE)
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · Southern Company (SO)
    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    HK Electric Investments Ltd (2638.HK) is an electric utilities company operating within the broader utilities sector. The firm is headquartered in Hong Kong and is primarily listed on the Hong Kong Stock Exchange. As specific segment and geographic details are not provided, the company is described at the industry level as a provider of electric utility services.

    Classification92 %
    SectorUtilities
    IndustryElectric Utilities
    AI synthesis
    GENERATED

    HK Electric Investments Ltd has a market capitalization of 55.23 billion HKD, with a market price of 6.25 HKD per share. The company's shares outstanding are 8.84 billion for both basic and diluted shares, indicating no dilution risk in the near term. Analysts have assigned a mean price target of 7.41 HKD, suggesting a potential upside of 18.6% from the current market price.

    The company's profitability and returns are not explicitly detailed in the available data, but as a utility company, it is expected to maintain stable returns and margins. The industry typically prioritizes metrics such as return on equity (ROE) and return on invested capital (ROIC), which are not provided in the valuation snapshot.

    HK Electric Investments Ltd operates primarily in Hong Kong, with a significant portion of its revenue derived from this region. The company's geographic exposure is concentrated, which may increase its vulnerability to local economic and regulatory changes.

    The company's growth trajectory is not explicitly outlined in the available data. However, the current analyst recommendations suggest a generally positive outlook, with a mean recommendation of 2.33 (on a scale from 1 to 5). The absence of detailed revenue history limits the ability to assess the company's growth potential accurately.

    The risk assessment indicates a low dilution risk, with no significant dilution potential in the near term. However, liquidity risk could not be assessed due to the lack of balance-sheet inputs and no going-concern language in the source documents.

    Recent events and filings have not been detailed in the available data, making it difficult to assess any recent developments that may impact the company's performance or strategic direction.

    Key takeaways
    • HK Electric Investments Ltd is a vertically integrated electric utility company operating primarily in Hong Kong.
    • The company has a market capitalization of 55.23 billion HKD and a market price of 6.25 HKD per share.
    • Analysts have assigned a mean price target of 7.41 HKD, indicating a potential upside of 18.6%.
    • The company has a low dilution risk, with no significant dilution potential in the near term.
    • Liquidity risk could not be assessed due to the lack of balance-sheet inputs and no going-concern language in the source documents.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Annual
    ANNUALFiled 2026-03-17
    FY 2026 · Full-year highlights

    Revenue HK$12.12B, +0,6% YoY; Operating income −8,0% YoY.

    RevenueHK$12.12B+0,6 % YoY
    Operating incomeHK$5.05B−8,0 % YoY
    Net incomeHK$3.08B−7,8 % YoY
    Free cash flowHK$50.0M+127,0 % YoY
    EPS
    Operating cash flowHK$7.29B+14,4 % YoY
    Financials
    Income statement
    RevenueHK$12.12B
    Gross profitHK$6.08B
    Operating incomeHK$5.05B
    Net incomeHK$3.08B
    Margins
    Gross margin50.2%
    Operating margin41.6%
    Net margin25.4%
    FCF margin0.4%
    Balance sheet
    Total assetsHK$118.45B
    Total liabilitiesHK$69.14B
    Total equityHK$49.31B
    Cash & equivalents
    Long-term debtHK$50.56B
    Cash flow
    Operating cash flowHK$7.29B
    CapEx-HK$3.74B
    Free cash flowHK$50.0M
    SBC
    P&L flow · revenue → net income
    Revenue HK$12.12BOperating costs HK$7.08BTax HK$1.97BNet income HK$3.08B
    Highlights
    • Revenue HK$12.12B, +0,6% YoY
    • Operating income −8,0% YoY
    • Net income −7,8% YoY
    • Free cash flow +127,0% YoY
    • Net margin 25.4%

    Valuation FY

    Market price
    HK$6,25
    Market cap
    HK$55.23B
    Enterprise value
    P/E
    17.9x
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    Net cash
    Current ratio
    Debt / equity
    ROA
    ROE
    Cash conversion
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,39
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    6
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-19 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate0,39
    Revenueno estimateno estimate12,7B HKD
    Operating incomeno estimateno estimate5,1B HKD
    Full-year consensus mean (period as reported by source) · consensus in HKD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution6 analysts
    Strong buy1
    Buy2
    Hold3
    Sell0
    Strong sell0
    12-month price targetHK$7,41 · Median HK$7,40
    Low HK$7,00High HK$7,84
    Operating income · consensus5,1B HKD
    EPS surprise
    −7,9 %
    reported vs consensus · miss
    Revenue surprise
    −4,5 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowHK$7,00
    MeanHK$7,41
    MedianHK$7,40
    HighHK$7,84
    SpotHK$6,25
    +18.5 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskUnknown

    Benchmarks vs cohort

    No cohort benchmark data available for this issuer yet.

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • HK Electric Investments Ltd Market data — financials · 2026-05-26
    • HK Electric Investments Ltd Market data — analyst estimates · 2026-05-26
    • HK Electric Investments Ltd Market data — ESG · 2026-05-26

    Ownership & reference

    Leadership

    • Francis ChengChief Executive Officer, Executive Director

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2638.HKCanonical
    HKEX · HKD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskUnknown
    Relationship graph
    2638DUKNEESOElectric Utili
    This companyPeerSector

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-03-17 14:01 UTCEARNINGSAnnual results — FY 2026 Revenue HKD 12.12B · Net HKD 3.08B
    2025-03-18 14:13 UTCEARNINGSAnnual results — FY 2025 Revenue HKD 12.06B · Net HKD 3.34B
    2024-03-19 14:18 UTCEARNINGSAnnual results — FY 2024 Revenue HKD 11.41B · Net HKD 2.97B
    2023-03-14 09:32 UTCEARNINGSAnnual results — FY 2023 Revenue HKD 10.79B · Net HKD 2.92B
    2022-03-15 10:20 UTCEARNINGSAnnual results — FY 2022 Revenue HKD 11.34B · Net HKD 3.31B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage