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HK Electric Investments and HK Electric Investments Limited (2638.HK)
HKD6.33
+0.01 (+0.16%)
HK HKSE Utilities Regulated Electric
Address
Hongkong Electric Centre
Hong Kong, HK
Hong Kong, HK
CEO
Cho Ying Cheng
Website
hkelectric.com
IPO
2014-01-29
ISIN HK0000179108
Also trades on
Hong Kong Stock Exchange · 2638.HK (HKD)
Other OTC · HKCVF (USD)
Other OTC · HKVTY (USD)
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, 2021, the company's power production capabilities encompassed an installed capacity of 3,617 megawatts, utilizing a mix of six coal-fired units, five oil-fired gas turbines, three gas-fired combined-cycle units, a solar power system, and a wind turbine. Its infrastructure further boasted a comprehensive 6,734-kilometer transmission and distribution grid, supported by 4,100 substations and 6,300 transformers. Through this extensive network, it supplied electricity to 584,000 clients across residential, commercial, and industrial segments. The company was established in 1889 and maintains its principal offices in Hong Kong.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
HKD6.33
+0.01 (+0.16%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.60
Float Shares
2.27B
Free Float %
25.7%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.57% | +1.42% | +0.94% | -7.99% | +3.20% | +2.38% | +13.96% | +34.38% | -18.04% | -5.70% | +20.79% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
6.33
DCF (Unlevered)
3.96
-37.4%
DCF (Levered)
4.82
-23.8%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
50% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 2 | 0 |
| Hold | 3 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
0.76
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
-
Revenue growth Regulated Electric: +9.0%+0.6% Q4'25: +6.2% (vs Q4'23)
-
EPS growth Regulated Electric: +12.7%+2.9% Q4'25: -4.0% (vs Q4'23)
-
FCF margin FCF growth · Regulated Electric: +35.5%+26.4% Q4'25: +36.2% (vs Q4'23)
-
EBIT margin Regulated Electric: +19.9%+41.0% ★ Q4'25: +41.1% (vs Q4'23)
-
ROIC Regulated Electric: +4.4%+4.1% Q4'25: +8.8% (vs Q4'23)
-
Share dilution Regulated Electric: +0.0%+0.0% Q4'25: 0.0% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Regulated Electric: 4.23×5.94× Q4'25: 2.73× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2013 actual |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 6 Rev. Ana. 4 EPS Ana. |
Dec 2027 6 Rev. Ana. 5 EPS Ana. |
Dec 2028 3 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
10.21B
est: 10.94B (-6.7%)
|
10.50B
est: 10.66B (-1.5%)
|
11.21B
est: 11.11B (+0.9%)
|
11.42B
est: 11.35B (+0.6%)
|
11.69B
est: 11.61B (+0.7%)
|
11.61B
est: 11.53B (+0.7%)
|
10.74B
est: 10.74B (0.0%)
|
10.39B
est: 10.75B (-3.4%)
|
11.34B
est: 11.42B (-0.7%)
|
10.79B
est: 11.78B (-8.4%)
|
11.41B
est: 11.75B (-2.9%)
|
12.06B
est: 11.92B (+1.1%)
|
12.13B
est: 12.41B (-2.3%)
|
12.58B
12.07B – 13.16B
+1.4% YoY
|
12.81B
12.11B – 13.53B
+1.8% YoY
|
13.14B
13.14B – 13.14B
+2.6% YoY
|
| EBITDA |
7.92B
est: 7.69B (+3.0%)
|
7.75B
est: 5.23B (+48.2%)
|
8.08B
est: 6.03B (+34.1%)
|
7.86B
est: 5.93B (+32.5%)
|
8.01B
est: 6.08B (+31.7%)
|
7.92B
est: 6.35B (+24.7%)
|
7.21B
est: 5.52B (+30.7%)
|
7.13B
est: 4.94B (+44.4%)
|
7.97B
est: 5.18B (+53.6%)
|
7.55B
est: 5.33B (+41.6%)
|
8.08B
est: 8.35B (-3.2%)
|
8.63B
est: 8.50B (+1.5%)
|
8.52B
est: 8.81B (-3.4%)
|
8.94B
8.58B – 9.35B
+1.4% YoY
|
9.10B
8.60B – 9.61B
+1.8% YoY
|
9.34B
9.34B – 9.34B
+2.6% YoY
|
| EBIT |
5.94B
est: 4.67B (+27.2%)
|
5.03B
est: 5.78B (-13.1%)
|
5.29B
est: 5.32B (-0.7%)
|
5.17B
est: 5.37B (-3.7%)
|
5.28B
est: 5.35B (-1.4%)
|
5.09B
est: 5.31B (-4.2%)
|
4.21B
est: 4.69B (-10.1%)
|
4.14B
est: 4.16B (-0.5%)
|
4.85B
est: 4.37B (+10.8%)
|
4.51B
est: 4.50B (+0.3%)
|
4.98B
est: 4.82B (+3.2%)
|
5.45B
est: 5.03B (+8.2%)
|
4.97B
est: 5.09B (-2.4%)
|
5.16B
4.96B – 5.40B
+1.4% YoY
|
5.26B
4.97B – 5.56B
+1.8% YoY
|
5.39B
5.39B – 5.39B
+2.6% YoY
|
| Net Income |
5.18B
est: 5.28B (-1.9%)
|
3.20B
est: 4.67B (-31.4%)
|
3.59B
est: 3.58B (+0.3%)
|
3.60B
est: 3.57B (+0.9%)
|
3.34B
est: 3.55B (-5.8%)
|
3.05B
est: 3.66B (-16.6%)
|
2.33B
est: 3.10B (-24.9%)
|
2.73B
est: 2.56B (+6.6%)
|
2.93B
est: 2.69B (+8.9%)
|
2.95B
est: 3.04B (-2.9%)
|
3.16B
est: 3.12B (+1.1%)
|
3.11B
est: 3.17B (-1.7%)
|
3.08B
est: 3.30B (-6.7%)
|
3.23B
3.22B – 3.37B
-2.1% YoY
|
3.29B
3.18B – 3.55B
+2.0% YoY
|
3.36B
3.32B – 3.40B
+2.0% YoY
|
| SGA |
—
est: 338.61M (-100.0%)
|
—
est: 329.84M (-100.0%)
|
771.00M
est: 343.65M (+124.4%)
|
844.00M
est: 351.17M (+140.3%)
|
988.00M
est: 359.28M (+175.0%)
|
1.03B
est: 356.69M (+188.2%)
|
343.00M
est: 517.19M (-33.7%)
|
344.00M
est: 554.15M (-37.9%)
|
312.00M
est: 582.09M (-46.4%)
|
348.00M
est: 598.87M (-41.9%)
|
341.00M
est: 501.37M (-32.0%)
|
385.00M
est: 510.47M (-24.6%)
|
1.11B
est: 529.49M (+110.2%)
|
536.76M
515.17M – 561.80M
+1.4% YoY
|
546.69M
516.73M – 577.56M
+1.8% YoY
|
560.90M
560.90M – 560.90M
+2.6% YoY
|
| EPS |
0.59
est: 0.60 (-1.3%)
|
0.39
est: 0.36 (+9.6%)
|
0.41
est: 0.38 (+8.4%)
|
0.41
est: 0.39 (+6.3%)
|
0.38
est: 0.40 (-4.1%)
|
0.35
est: 0.38 (-8.4%)
|
0.26
est: 0.28 (-8.2%)
|
0.31
est: 0.28 (+10.7%)
|
0.33
est: 0.32 (+3.1%)
|
0.33
est: 0.33 (+1.0%)
|
0.36
est: 0.35 (+1.9%)
|
0.35
est: 0.36 (-3.8%)
|
0.36
est: 0.37 (-3.6%)
|
0.37
0.36 – 0.38
-0.4% YoY
|
0.38
0.36 – 0.40
+1.8% YoY
|
0.38
0.38 – 0.38
+0.3% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-28 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-27 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-26 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-22 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-21 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-20 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-19 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-18 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-15 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-14 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-13 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-12 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-11 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-08 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-06 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-05 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-04 | B+ | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 | 3/5 | 4/5 |
| 2026-04-30 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-29 | B | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-28 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-27 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-24 | B | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-23 | B | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-22 | B- | 2/5 | 1/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-21 | B- | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-20 | B- | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-17 | B- | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-16 | B- | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
19.28B
OE per share TTM
2.18
Owner's Yield
33.82%
Maintenance CapEx ratio
34.13%
Maint CapEx / Avg PPE
682.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 11 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Goldman Sachs ActiveBeta World Equity ETF GSWO | 0.04% | 631.7K | 0.15% |
| 2 | Schwab Fundamental International Small Company Index ETF FNDC | 0.03% | 972.0K | 0.39% |
| 3 | State Street SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (Dist) MAGI.L | 0.02% | 196.1K | 0.40% |
| 4 | Goldman Sachs MarketBeta International Equity ETF GSID | 0.01% | 84.8K | 0.25% |
| 5 | State Street SPDR Portfolio Developed World ex-US ETF SPDW | 0.01% | 2.85M | 0.03% |
| 6 | Dimensional - International Core Equity 2 ETF DFIC | 0.01% | 851.2K | 0.22% |
| 7 | Goldman Sachs MarketBeta Total International Equity ETF GXUS | 0.00% | 29.9K | 0.18% |
| 8 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 492.9K | 0.28% |
| 9 | Dimensional - International Core Equity Market ETF DFAI | 0.00% | 511.8K | 0.18% |
| 10 | FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund TLTD | 0.00% | 12.1K | 0.41% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
3.01M
Shares Outstanding
8.84B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Cho Ying Cheng | Chief Executive Officer, MD & Executive Director | 12M | male |
| Loi Shun Chan FCCA FCPA | Executive Director | 4M | male |
| Yuanhang Wang | Executive Director | 4M | male |
| Wai Man Choi | Operations Director & Executive Director | 3M | male |
| Kin Ning Fok | Executive Chairman | 1M | male |
| Wu Kwok Kwong | General Manager of Human Resources | — | male |
| Yin Piu | General Manager of Corporate Development | — | male |
| Yuk Chun Yeung | General Manager of Public Affairs | — | female |
| Chung Ping Liauw | General Manager of Public Affairs | — | male |
| Kim Man Wong | Chief Financial Officer | — | male |
| Vincent Chow | Group Treasurer | — | — |
| Wai Cheong Ng | Group Legal Counsel & Company Secretary | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for 2638.HK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
