智通财经网·2026-03-03 07:05Core Viewpoint - The Hong Kong utility sector demonstrates defensive characteristics, showing resilience and outperforming the market during significant global conflicts, with a consistent 7% lead over the Hang Seng Index in the 60 days following major events [1] Group 1: Market Performance - Hong Kong utility stocks have shown an upward trend, with notable increases: - China Gas Holdings (00003) up 1.72% to HKD 7.69 - Power Assets Holdings (00006) up 0.96% to HKD 63.4 - Hongkong Electric Holdings (02638) up 0.72% to HKD 7.01 - CLP Holdings (00002) up 0.61% to HKD 74.6 - Cheung Kong Infrastructure Holdings (01038) up 0.61% to HKD 66.15 [1] Group 2: Sector Analysis - HSBC Global Research indicates that the utility sector's core fundamentals remain robust, supported by regulatory frameworks and long-term contracts, which help mitigate macroeconomic uncertainties and disruptions [1] - The sector's performance is expected to remain stable despite rising fuel prices due to the closure of the Strait of Hormuz, as regulated utilities in Hong Kong, the UK, and Australia can fully pass fuel costs onto consumers [1]