Want to see HK:2638 full AI Analyst Report?
HK Electric Investments & HK Electric Investments (2638) AI Stock Analysis
Top Page
HK Electric Investments & HK Electric Investments
(HKEX:2638)
The score is primarily supported by solid financial performance with consistently strong margins and stable earnings power, typical for a regulated utility. Offsetting this are leverage near parity with equity and uneven free cash flow from capex cycles, which reduce flexibility. Technically, momentum is constructive with the price above major moving averages, while valuation is mixed: a strong ~5% dividend yield is balanced by a mid-range P/E around 18.5.
HK Electric Investments & HK Electric Investments (2638) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 6.91B
- Dividend Yield
- 5.20%
- Average Volume (3M)
- 2.30M
- Price to Earnings (P/E)
- 17.6
- Beta (1Y)
- 0.22
- Revenue Growth
- 3.69%
- EPS Growth
- -0.45%
- Country
- Hong Kong
- Employees
- 1,622
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Regulated Electric
HK Electric Investments & HK Electric Investments Business Overview & Revenue Model
Company Description
Operating as an investment holding firm, HK Electric Investments and HK Electric Investments Limited is responsible for the generation, transmission, and distribution of electrical power throughout Hong Kong Island and Lamma Island. By December 31, 2...
How the Company Makes Money
The company makes money primarily by providing regulated electricity supply services within its service territory. Revenue is mainly earned from selling electricity to end customers (residential, commercial, and industrial) based on metered consumpti...
HK Electric Investments & HK Electric Investments Financial Statement Overview
Summary
Strong, steady profitability and high margins support earnings resilience, consistent with a regulated utility profile. The score is held back by meaningful leverage (debt roughly in line with equity) and volatile free cash flow driven by capex swings, which can limit financial flexibility despite stable reported profits.
Income Statement
82Very PositiveBalance Sheet
68PositiveCash Flow
62Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.50B | 12.13B | 12.06B | 11.41B | 10.79B | 11.34B |
| Gross Profit | 6.24B | 6.08B | 6.46B | 6.02B | 5.43B | 5.85B |
| EBITDA | 8.99B | 8.64B | 8.72B | 8.08B | 7.63B | 7.97B |
| Net Income | 3.37B | 3.08B | 3.11B | 3.16B | 2.95B | 2.93B |
Balance Sheet | ||||||
| Total Assets | 119.33B | 118.45B | 118.50B | 118.54B | 121.00B | 114.83B |
| Cash, Cash Equivalents and Short-Term Investments | 51.00M | 28.00M | 30.00M | 21.00M | 325.00M | 34.00M |
| Total Debt | 51.17B | 50.56B | 50.86B | 50.21B | 51.21B | 46.63B |
| Total Liabilities | 70.21B | 68.36B | 69.21B | 69.56B | 71.67B | 66.44B |
| Stockholders Equity | 49.13B | 49.31B | 49.29B | 48.98B | 49.33B | 48.39B |
Cash Flow | ||||||
| Free Cash Flow | 3.19B | 3.39B | 2.38B | 3.79B | -993.00M | 1.36B |
| Operating Cash Flow | 6.99B | 7.13B | 6.38B | 8.07B | 4.77B | 6.19B |
| Investing Cash Flow | -3.85B | -3.78B | -3.99B | -4.38B | -6.08B | -5.03B |
| Financing Cash Flow | -3.13B | -3.31B | -2.38B | -4.04B | 1.61B | -1.19B |
HK Electric Investments & HK Electric Investments Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2638, the sentiment is Negative. The current price of 6.16 is below the 20-day moving average (MA) of 6.20, below the 50-day MA of 6.25, and below the 200-day MA of 6.28, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.97 is Neutral, neither overbought nor oversold. The STOCH value of 13.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2638.
HK Electric Investments & HK Electric Investments Peers Comparison
Overall Rating
HK:083676Outperform- HK:263870Outperform
HK:000670Outperform
HK:000269Neutral
HK:268868Neutral
HK:000359Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0836 | 76Outperform | HKD 103.13B | 7.78 | 11.72% | 5.48% | 2.19% | 1.10% |
| HK:2638 | 70Outperform | HKD 54.43B | 17.60 | 6.85% | 5.20% | 3.69% | -0.45% |
| HK:0006 | 70Outperform | HKD 136.18B | 7.61 | 18.47% | 4.41% | -12.24% | 190.79% |
| HK:0002 | 69Neutral | HKD 195.55B | 18.04 | 10.14% | 4.13% | -1.91% | -5.03% |
| HK:2688 | 68Neutral | HKD 55.06B | 7.50 | 12.80% | 6.21% | 5.69% | 8.67% |
| Sector * | 66Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
| HK:0003 | 59Neutral | HKD 135.66B | 20.77 | 10.65% | 4.81% | 1.53% | 12.95% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2638 | HK Electric Investments & HK Electric Investments | 6.16 | 0.40 | 7.02% | |
| HK:0002 | CLP Holdings | 77.40 | 13.54 | 21.21% | |
| HK:0836 | China Resources Power Holdings Co | 19.92 | 2.03 | 11.32% | |
| HK:0006 | Power Assets Holdings | 63.90 | 16.20 | 33.96% | |
| HK:0003 | Hong Kong & China Gas Co | 7.27 | 0.40 | 5.76% | |
| HK:2688 | ENN Energy Holdings | 48.76 | -14.52 | -22.94% |
HK Electric Investments & HK Electric Investments Corporate Events
HK Electric Sets August Board Meeting to Review Interim Results and Distribution
HK Electric Investments and HK Electric Investments Limited have scheduled board meetings for 11 August 2026 to review the interim results of the trust, the company, their subsidiaries and the trustee-manager for the six months ended 30 June 2026. Th...
HK Electric Investors Approve All AGM Resolutions, Re-elect Board and Reappoint Auditor
HK Electric Investments & HK Electric Investments Limited announced that all resolutions put to unitholders and shareholders at their combined annual general meeting on 20 May 2026 were approved by poll, including the adoption of the audited fina...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 04, 2026