China Lesso Group Holdings (HKG:2128) Could Be Struggling To Allocate Capital
Feb 14
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Hong Kong (HSI) Building Industry Analysis
UpdatedMar 01, 2026
DataAggregated Company Financials
Companies8
- 7D3.2%
- 3M26.8%
- 1Y46.4%
- YTD26.9%
The Building industry is up 3.2% in the last week, with Xinyi Glass Holdings up 3.2%. Meanwhile, China State Construction Development Holdings actually underperformed within the industry, shrinking 10% in the last week. In the last 12 months, the industry was up 46%. Looking forward, earnings are forecast to grow by 15% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 01 Mar 2026 | HK$71.8b | HK$63.9b | HK$5.1b | 12.9x | 14x | 1.1x |
| Tue, 27 Jan 2026 | HK$63.1b | HK$63.4b | HK$4.1b | 14.4x | 15.5x | 1x |
| Thu, 25 Dec 2025 | HK$57.1b | HK$62.8b | HK$4.0b | 13x | 14.1x | 0.9x |
| Sat, 22 Nov 2025 | HK$57.0b | HK$62.1b | HK$4.0b | 13.1x | 14.3x | 0.9x |
| Mon, 20 Oct 2025 | HK$57.5b | HK$62.0b | HK$4.0b | 13.3x | 14.4x | 0.9x |
| Wed, 17 Sep 2025 | HK$66.8b | HK$65.7b | HK$2.9b | 14.1x | 23.1x | 1x |
| Fri, 15 Aug 2025 | HK$63.3b | HK$69.0b | HK$3.1b | 13.2x | 20.5x | 0.9x |
| Sun, 13 Jul 2025 | HK$61.7b | HK$70.3b | HK$4.7b | 8.7x | 13.1x | 0.9x |
| Tue, 10 Jun 2025 | HK$57.3b | HK$70.3b | HK$4.7b | 8.2x | 12.1x | 0.8x |
| Thu, 08 May 2025 | HK$55.2b | HK$69.2b | HK$4.6b | 7.9x | 11.9x | 0.8x |
| Sat, 05 Apr 2025 | HK$56.6b | HK$69.5b | HK$4.7b | 8.1x | 11.9x | 0.8x |
| Mon, 03 Mar 2025 | HK$53.8b | HK$78.5b | HK$5.5b | 9.6x | 9.8x | 0.7x |
| Wed, 29 Jan 2025 | HK$53.5b | HK$82.5b | HK$8.1b | 6.3x | 6.6x | 0.6x |
| Fri, 27 Dec 2024 | HK$56.6b | HK$82.5b | HK$8.1b | 6.4x | 7x | 0.7x |
| Sun, 24 Nov 2024 | HK$58.1b | HK$82.9b | HK$8.1b | 6.6x | 7.1x | 0.7x |
| Tue, 22 Oct 2024 | HK$60.4b | HK$85.1b | HK$8.5b | 6.6x | 7.1x | 0.7x |
| Thu, 19 Sep 2024 | HK$48.0b | HK$85.4b | HK$8.5b | 6.1x | 5.7x | 0.6x |
| Sat, 17 Aug 2024 | HK$49.8b | HK$85.9b | HK$9.2b | 6.5x | 5.4x | 0.6x |
| Mon, 15 Jul 2024 | HK$59.2b | HK$86.2b | HK$8.4b | 6.9x | 7x | 0.7x |
| Wed, 12 Jun 2024 | HK$64.2b | HK$86.2b | HK$8.4b | 7.4x | 7.6x | 0.7x |
| Fri, 10 May 2024 | HK$68.3b | HK$86.4b | HK$8.4b | 8.2x | 8.1x | 0.8x |
| Sun, 07 Apr 2024 | HK$61.7b | HK$86.4b | HK$8.5b | 8.4x | 7.3x | 0.7x |
| Tue, 05 Mar 2024 | HK$59.8b | HK$86.2b | HK$9.1b | 6.3x | 6.6x | 0.7x |
| Thu, 01 Feb 2024 | HK$51.1b | HK$84.8b | HK$7.7b | 6.8x | 6.6x | 0.6x |
| Sat, 30 Dec 2023 | HK$64.8b | HK$84.8b | HK$7.7b | 7.2x | 8.4x | 0.8x |
| Mon, 27 Nov 2023 | HK$68.9b | HK$84.2b | HK$7.7b | 7.2x | 8.9x | 0.8x |
| Wed, 25 Oct 2023 | HK$64.9b | HK$82.3b | HK$7.6b | 8.6x | 8.5x | 0.8x |
| Fri, 22 Sep 2023 | HK$73.2b | HK$82.3b | HK$7.6b | 9.6x | 9.6x | 0.9x |
| Sun, 20 Aug 2023 | HK$77.0b | HK$81.7b | HK$7.6b | 10.5x | 10.2x | 0.9x |
| Tue, 18 Jul 2023 | HK$83.2b | HK$83.4b | HK$8.8b | 10.7x | 9.5x | 1x |
| Thu, 15 Jun 2023 | HK$85.0b | HK$83.6b | HK$8.8b | 10.7x | 9.7x | 1x |
| Sat, 13 May 2023 | HK$91.3b | HK$85.1b | HK$8.9b | 11.4x | 10.3x | 1.1x |
| Mon, 10 Apr 2023 | HK$95.5b | HK$85.3b | HK$9.0b | 10.8x | 10.6x | 1.1x |
| Wed, 08 Mar 2023 | HK$112.1b | HK$85.8b | HK$9.3b | 12.2x | 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 14.0x 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 18% per year over the last three years,
- Revenues have also declined 9.3% 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% | PE14.8x | |
| 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 |
