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Company price
8.27 USD 0.19 ( 2.35%)
Last update at 2026-11-06T20:59:00Z
VOLUME
359
Market Cap
16452.13M
P/E
7.42

Momentum Score

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Power Assets Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally. It generates energy from thermal, renewable energy, and waste sources. The company also develops green energy; distributes oil and gas; and provides trust administration and management services. Power Assets Holdings Limited was formerly known as Hongkong Electric Holdings Limited and changed its name to Power Assets Holdings Limited in February 2011. The company was founded in 1889 and is based in Central, Hong Kong.

Source: TradingView
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Day Price Range
8.26
Low
8.28
High
52 Week Price Range
5.83
Low
8.24
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Power Assets Holdings Ltd is a Hong Kong-based investment company that owns and operates equity interests in electricity and energy-related businesses across several markets, focusing on regulated and long-life assets. Long-term growth drivers include steady electricity demand, regulated or contracted returns, geographic diversification and the energy-sector transition to lower-carbon generation, which may benefit cash flow visibility and dividend potential.
Key risks include regulatory and political changes across its jurisdictions and the need for significant capital to support decarbonisation and network investments, which could pressure returns and balance-sheet flexibility.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
8.08
Dividend Yield
4.66%
Revenue TTM
717.00M
Revenue Per Share
0.34
Gross Profit TTM
717.00M
Debt / Equity
0.04
ROE
18.64%
Net Debt
788.92M
ROCE
0.51%
Diluted EPS TTM
1.04

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 6442.99M 6352.00M 6252.00M 5838.00M 6272.00M
Net income 6225.36M 6119.00M 6003.00M 5649.00M 6140.00M
Gross profit 6601.00M 6350.00M 1292.00M 1265.00M 1276.00M
Reconciled depreciation 4.00M 3.00M 4.00M 3.00M 3.00M
Ebit 473.19M 6521.00M 6395.00M 5942.00M 6397.00M
Ebitda 477.18M 6524.00M 6399.00M 5945.00M 6400.00M
Depreciation and amortization 3.99M 3.00M 4.00M 3.00M 3.00M
Operating income 473.19M 6314.00M 1131.00M 5942.00M 6397.00M
Other operating expenses 352.00M 460.00M 161.00M 159.00M 143.00M
Interest expense 227.61M 169.00M 143.00M 104.00M 125.00M
Tax provision 218.00M 233.00M 249.00M 189.00M 132.00M
Interest income 105.00M 123.00M 218.00M 68.00M 12.00M
Net interest income -123.00M -46.00M -143.00M -36.00M -113.00M
Income tax expense 217.63M 233.00M 249.00M 189.00M 132.00M
Total revenue 6913.00M 6774.00M 1292.00M 1265.00M 1276.00M
Total operating expenses 40.00M 36.00M 161.00M 159.00M 143.00M
Cost of revenue 312.00M 424.00M 421.00M - -
Total other income expense net 5969.80M 5893.00M 5121.00M -104.00M -125.00M
Net income from continuing ops 6236.00M 6119.00M 6003.00M 5649.00M 6140.00M
Net income applicable to common shares - - - 5649.00M 6140.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 98315.40M 94077.00M 95702.00M 94527.00M 94304.00M
Other current assets 0.00M 725.00M 29.00M 852.00M 353.00M
Total liab 7599.26M 7001.00M 6950.00M 7670.00M 7537.00M
Total stockholder equity 90716.14M 87076.00M 88752.00M 86857.00M 86767.00M
Other current liab 186.64M 0.00M 119.00M 121.00M 168.00M
Common stock 6609.35M 6610.00M 6610.00M 6610.00M 6610.00M
Capital stock 6610.00M 6610.00M 6610.00M 6610.00M 6610.00M
Retained earnings 4347.58M 85987.00M 4348.00M - 87143.00M
Other liab - - - 395.00M 547.00M
Other assets - - - 1893.00M 1086.00M
Cash 2530.75M 2733.00M 2456.00M 5894.00M 4610.00M
Total current liabilities 5048.51M 4077.00M 3249.00M 4038.00M 3554.00M
Current deferred revenue - - 231.00M - -
Net debt 788.92M -224.00M 645.00M -2655.00M -1172.00M
Short term debt 1400.86M 3.00M 3.00M 2.00M 2.00M
Short long term debt 1399.00M 0.00M - - 0.00M
Short long term debt total 3319.68M 2509.00M 3101.00M 3239.00M 3438.00M
Other stockholder equity 0.00M 80466.00M 77794.00M 80247.00M 80157.00M
Property plant equipment - - - 18.00M 20.00M
Total current assets 3018.71M 3488.00M 4359.00M 6880.00M 4963.00M
Net tangible assets - - - 86857.00M 86767.00M
Short term investments - 3.00M 1745.00M - -
Net receivables 487.95M 30.00M 129.00M 132.00M 128.00M
Long term debt 1920.00M 2505.00M 3097.00M 3236.00M 3433.00M
Inventory - - -153.00M - -
Accounts payable 3461.00M 3967.00M 2896.00M 3915.00M 3384.00M
Accumulated other comprehensive income 79759.21M -5521.00M 77794.00M - -
Non currrent assets other 8.00M 2057.00M 6.00M 87629.00M 89276.00M
Non current assets total 95296.69M 90589.00M 91343.00M 87647.00M 89341.00M
Capital lease obligations 1.00M 4.00M 4.00M 3.00M 5.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -497.00M 5686.00M 4612.00M 4008.00M 1226.00M
Change to liabilities - - - 0.00M -220.00M
Total cashflows from investing activities 3875.00M 5686.00M 4200.00M - 5931.00M
Net borrowings 654.00M -335.00M -179.00M - 3.00M
Total cash from financing activities -5359.00M -6348.00M -6190.00M -6142.00M -6016.00M
Change to operating activities - - - - 44.00M
Net income 6454.00M 6352.00M 6003.00M 5838.00M 6272.00M
Change in cash -592.00M 277.00M -427.00M -1358.00M 853.00M
Begin period cash flow 2733.00M 2456.00M 2883.00M 4241.00M 3388.00M
End period cash flow 2141.00M 2733.00M 2456.00M 2883.00M 4241.00M
Total cash from operating activities 884.00M 941.00M 1550.00M 772.00M 939.00M
Depreciation 4.00M 3.00M 4.00M 3.00M 3.00M
Other cashflows from investing activities 3933.00M 6468.00M 5478.00M - 4705.00M
Dividends paid 6010.00M 6010.00M 6009.00M -6019.00M -6019.00M
Change to account receivables -117.00M 80.00M 1.00M - -53.00M
Sale purchase of stock - - 0.00M -121.00M -
Other cashflows from financing activities -3.00M -3.00M -2.00M -2.00M 3682.00M
Change to netincome - - - - -4975.00M
Capital expenditures 1.00M 0.00M 2.00M 1.00M 0.00M
Change in working capital 734.00M 821.00M 31.00M -503.00M -229.00M
Other non cash items -6308.00M -6235.00M -4488.00M -4566.00M -5107.00M
Free cash flow 883.00M 941.00M 1136.00M 771.00M 939.00M

Peer Comparison*

Sector: Utilities Industry: Utilities - Independent Power Producers

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
HGKGY
Power Assets Holdings Ltd
0.19
2.35%
8.27 7.42 23.75 22.95 1.29 12.46 4.83
CEG
Constellation Energy Corp
10.30
4.30%
249.95 37.58 25.19 3.94 7.18 4.29 18.38
VST
Vistra Corp.
11.91
10.55%
124.80 23.87 13.55 2.47 15.71 3.60 10.56
CGNWF
CGN Power Co. Ltd
-
-%
0.35 11.83 11.49 0.24 1.06 4.23 14.44
HGKGF
Power Assets Holdings Limited
-
-%
7.60 6.78 22.52 21.55 1.22 12.46 4.83

Profile*

Power Assets Holdings Ltd

Power Assets Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally. It generates energy from thermal, renewable energy, and waste sources. The company also develops green energy; distributes oil and gas; and provides trust administration and management services. Power Assets Holdings Limited was formerly known as Hongkong Electric Holdings Limited and changed its name to Power Assets Holdings Limited in February 2011. The company was founded in 1889 and is based in Central, Hong Kong.

Cheung Kong Center, Central, Hong Kong

852 2122 9122

13

Name Title Year Born
Mr. Kin Ning Fok B.A., BA, DFM, F.C.A., FCA (ANZ) Chairman 1951
Mr. Chao Chung Tsai BAppScMechEng, BSME, CPEng CEO & Exec. Director 1957
Mr. Andrew John Hunter M.A., M.B.A., MA, MBA, MDBA, MHKICPA, MICAS Exec. Director 1958
Mr. Chi Tin Wan Exec. Director 1950
Mr. Neil Douglas McGee Exec. Director 1951
Mr. Loi Shun Chan FCCA, FCPA Exec. Director 1963
Mr. Kee Ham Chan Chief Financial Officer 1963
Mr. Wai Cheong Ng LLB Group Legal Counsel & Company Sec. 1969
Mr. Andrew John Hunter M.A., M.B.A., MDBA, MHKICPA, MICAS Executive Chairman 1958
Mr. Chao Chung Tsai BAppScMechEng, BSME, CPEng CEO & Executive Director 1957

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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