Power Assets Holdings Limited Website

Power Assets Holdings Limited

SEHK-6

Company Overview

Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. It generates energy from thermal, renewable energy, and waste sources. The company also transmits and distributes oil and gas; holds property and deposits; and provides consulting, investing, trust administration, and management services. It has a generation capacity of 1,064 MW renewable energy/energy from waste, 5,214 MW gas fired, and 3,815 MW coal/oil fired; and operates 114,200 km of gas/oil pipeline, as well as 402,500 km of power network serving 19,344,000 customers. The company was formerly known as Hongkong Electric Holdings Limited and changed its name to Power Assets Holdings Limited in February 2011. Power Assets Holdings Limited was founded in 1889 and is based in Central, Hong Kong.

  • Name

    Power Assets Holdings Limited

  • CEO

    Chao Chung Tsai BAppScMechEng

  • Website

    www.powerassets.com/zh

  • Sector

    Electric Utilities

  • Year Founded

    1889

Company Statistics

Profile

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Margins

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Returns (5Yr Avg)

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Valuation (TTM)

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Valuation (NTM)

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Financial Health

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Growth (CAGR)

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Dividends

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Bulls Say

  • PAH will resume dividend growth once currency headwinds subside.

  • Inflation remains relatively high, lifting the underlying value of the regulated asset leading to higher allowed returns.

  • Acquisition opportunities have brightened and the group can resume adding assets to boost growth.

Bears Say

  • Geopolitical uncertainties may lead to increased scrutiny of its asset acquisition and sales by the Chinese government and other countries, making it difficult to complete some deals.

  • High exposure to overseas assets brings foreign exchange risk, while acquisition risk is meaningful, given that competition for utility assets is high.

  • The majority of PAH's investment are regulated utility assets with limited organic growth. A lack of dividend growth means PAH is less attractive to investors.

Source: Morningstar Analysis - Aug 14, 2025
SEHK:6