China Lesso Group Holdings (HKG:2128) Could Be Struggling To Allocate Capital
Feb 14
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Hong Kong (HSI) Building Industry Analysis
UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies8
- 7D3.2%
- 3M26.8%
- 1Y46.4%
- YTD26.9%
Over the last 7 days, the Building industry has dropped 1.8%, driven by China State Construction Development Holdings declining 10%. Over the past 12 months, the industry was up 36%. As for the next few years, earnings are expected to grow by 22% per annum.
Industry Valuation and Performance
Has the Hong Kong Building Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 28 Feb 2026 | HK$71.8b | HK$64.4b | HK$4.1b | 16.3x | 17.3x | 1.1x |
| Mon, 26 Jan 2026 | HK$62.0b | HK$63.3b | HK$4.1b | 14.2x | 15.2x | 1x |
| Wed, 24 Dec 2025 | HK$56.9b | HK$62.7b | HK$4.0b | 13x | 14.1x | 0.9x |
| Fri, 21 Nov 2025 | HK$58.9b | HK$62.1b | HK$4.0b | 13.6x | 14.8x | 0.9x |
| Sun, 19 Oct 2025 | HK$57.5b | HK$62.0b | HK$4.0b | 13.3x | 14.4x | 0.9x |
| Tue, 16 Sep 2025 | HK$65.6b | HK$65.7b | HK$2.9b | 13.8x | 22.7x | 1x |
| Thu, 14 Aug 2025 | HK$64.1b | HK$69.1b | HK$3.1b | 13.5x | 20.8x | 0.9x |
| Sat, 12 Jul 2025 | HK$61.9b | HK$70.2b | HK$4.7b | 8.7x | 13.1x | 0.9x |
| Mon, 09 Jun 2025 | HK$57.1b | HK$70.2b | HK$4.7b | 8.1x | 12.1x | 0.8x |
| Wed, 07 May 2025 | HK$55.1b | HK$69.2b | HK$4.6b | 7.9x | 11.9x | 0.8x |
| Fri, 04 Apr 2025 | HK$56.6b | HK$69.4b | HK$4.7b | 8.1x | 11.9x | 0.8x |
| Sun, 02 Mar 2025 | HK$53.8b | HK$82.2b | HK$8.1b | 5.8x | 6.7x | 0.7x |
| Tue, 28 Jan 2025 | HK$53.7b | HK$82.5b | HK$8.1b | 6.2x | 6.6x | 0.7x |
| Thu, 26 Dec 2024 | HK$56.7b | HK$82.5b | HK$8.1b | 6.4x | 7x | 0.7x |
| Sat, 23 Nov 2024 | HK$58.1b | HK$82.9b | HK$8.1b | 6.6x | 7.1x | 0.7x |
| Mon, 21 Oct 2024 | HK$60.5b | HK$85.2b | HK$8.5b | 6.6x | 7.2x | 0.7x |
| Wed, 18 Sep 2024 | HK$48.0b | HK$85.4b | HK$8.5b | 6.1x | 5.7x | 0.6x |
| Fri, 16 Aug 2024 | HK$50.1b | HK$85.9b | HK$9.0b | 6.5x | 5.5x | 0.6x |
| Sun, 14 Jul 2024 | HK$59.2b | HK$86.2b | HK$8.4b | 6.9x | 7x | 0.7x |
| Tue, 11 Jun 2024 | HK$64.2b | HK$86.2b | HK$8.4b | 7.6x | 7.6x | 0.7x |
| Thu, 09 May 2024 | HK$66.2b | HK$86.4b | HK$8.4b | 8.1x | 7.8x | 0.8x |
| Sat, 06 Apr 2024 | HK$61.7b | HK$86.4b | HK$8.5b | 8.4x | 7.3x | 0.7x |
| Mon, 04 Mar 2024 | HK$59.8b | HK$86.2b | HK$9.1b | 6.3x | 6.6x | 0.7x |
| Wed, 31 Jan 2024 | HK$51.6b | HK$84.7b | HK$7.7b | 7x | 6.7x | 0.6x |
| Fri, 29 Dec 2023 | HK$64.4b | HK$84.7b | HK$7.7b | 6.8x | 8.3x | 0.8x |
| Sun, 26 Nov 2023 | HK$68.9b | HK$84.2b | HK$7.7b | 7.2x | 8.9x | 0.8x |
| Tue, 24 Oct 2023 | HK$65.2b | HK$82.3b | HK$7.6b | 8.5x | 8.6x | 0.8x |
| Thu, 21 Sep 2023 | HK$73.5b | HK$82.4b | HK$7.6b | 9.8x | 9.7x | 0.9x |
| Sat, 19 Aug 2023 | HK$77.0b | HK$81.7b | HK$7.6b | 10.5x | 10.2x | 0.9x |
| Mon, 17 Jul 2023 | HK$83.3b | HK$83.6b | HK$8.8b | 10.7x | 9.5x | 1x |
| Wed, 14 Jun 2023 | HK$84.5b | HK$83.7b | HK$8.8b | 10.8x | 9.6x | 1x |
| Fri, 12 May 2023 | HK$93.5b | HK$85.2b | HK$8.9b | 11.5x | 10.5x | 1.1x |
| Sun, 09 Apr 2023 | HK$95.5b | HK$85.3b | HK$9.0b | 10.8x | 10.6x | 1.1x |
| Tue, 07 Mar 2023 | HK$112.1b | HK$85.8b | HK$9.3b | 12.3x | 12x | 1.3x |
Price to Earnings Ratio
12x
Current Industry PE
- Investors are optimistic on the Hong Kong Building industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.8x which is higher than its 3-year average PE of 10.3x.
- The 3-year average PS ratio of 0.83x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Building industry have declined 24% per year over the last three years,
- Revenues have also declined 9.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 0.15% | |
| Industrials | 2.80% | |
| Building | 3.22% | |
| Building Products | 3.22% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 868 Xinyi Glass Holdings | HK$10.38 | 3.2% +HK$1.4b | 39.9% | PE21.5x | |
| 2128 China Lesso Group Holdings | HK$6.84 | 5.7% +HK$1.1b | 112.4% | PE11x | |
| 3300 China Glass Holdings | HK$0.56 | 3.7% +HK$36.7m | 53.4% | PS0.2x | |
| 8646 China Hongguang Holdings | HK$0.22 | 1.4% +HK$2.1m | -20.0% | PE3.3x |
