Hong Kong (HSI) Construction Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Construction Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 22 Aug 2026	HK$589.6b	HK$2.5t	HK$42.7b	14x	13.8x	0.2x
Mon, 20 Jul 2026	HK$574.6b	HK$2.5t	HK$42.7b	11.3x	13.5x	0.2x
Wed, 17 Jun 2026	HK$599.4b	HK$2.5t	HK$43.3b	11.2x	13.8x	0.2x
Fri, 15 May 2026	HK$637.1b	HK$2.5t	HK$43.1b	12.3x	14.8x	0.3x
Sun, 12 Apr 2026	HK$627.3b	HK$2.5t	HK$45.8b	12.4x	13.7x	0.3x
Tue, 10 Mar 2026	HK$629.6b	HK$2.6t	HK$44.6b	11x	14.1x	0.2x
Thu, 05 Feb 2026	HK$600.8b	HK$2.6t	HK$44.6b	11.3x	13.5x	0.2x
Sat, 03 Jan 2026	HK$579.2b	HK$2.5t	HK$44.1b	10.3x	13.1x	0.2x
Mon, 01 Dec 2025	HK$572.2b	HK$2.5t	HK$43.3b	10.4x	13.2x	0.2x
Wed, 29 Oct 2025	HK$589.3b	HK$2.5t	HK$46.9b	11.2x	12.6x	0.2x
Fri, 26 Sep 2025	HK$573.6b	HK$2.5t	HK$47.7b	11x	12x	0.2x
Sun, 24 Aug 2025	HK$592.5b	HK$2.5t	HK$49.4b	11.7x	12x	0.2x
Tue, 22 Jul 2025	HK$584.1b	HK$2.5t	HK$49.5b	10.1x	11.8x	0.2x
Thu, 19 Jun 2025	HK$547.5b	HK$2.5t	HK$50.2b	12.1x	10.9x	0.2x
Sat, 17 May 2025	HK$538.4b	HK$2.5t	HK$49.2b	11.8x	10.9x	0.2x
Mon, 14 Apr 2025	HK$526.7b	HK$2.5t	HK$51.0b	11.6x	10.3x	0.2x
Wed, 12 Mar 2025	HK$550.7b	HK$2.5t	HK$57.1b	11.8x	9.6x	0.2x
Fri, 07 Feb 2025	HK$536.4b	HK$2.5t	HK$56.8b	12.1x	9.4x	0.2x
Sun, 05 Jan 2025	HK$543.6b	HK$2.5t	HK$56.7b	10.8x	9.6x	0.2x
Tue, 03 Dec 2024	HK$558.3b	HK$2.5t	HK$56.9b	10.9x	9.8x	0.2x
Thu, 31 Oct 2024	HK$562.7b	HK$2.5t	HK$58.0b	9.4x	9.7x	0.2x
Sat, 28 Sep 2024	HK$534.5b	HK$2.6t	HK$56.6b	10.4x	9.4x	0.2x
Mon, 26 Aug 2024	HK$524.1b	HK$2.6t	HK$66.7b	8.2x	7.9x	0.2x
Wed, 24 Jul 2024	HK$506.0b	HK$2.6t	HK$64.9b	8.7x	7.8x	0.2x
Fri, 21 Jun 2024	HK$521.7b	HK$2.6t	HK$64.9b	8.3x	8x	0.2x
Sun, 19 May 2024	HK$534.3b	HK$2.6t	HK$65.2b	8.4x	8.2x	0.2x
Tue, 16 Apr 2024	HK$514.3b	HK$2.6t	HK$65.4b	8.2x	7.9x	0.2x
Thu, 14 Mar 2024	HK$493.8b	HK$2.6t	HK$73.7b	7.5x	6.7x	0.2x
Sat, 10 Feb 2024	HK$477.3b	HK$2.6t	HK$73.6b	7.3x	6.5x	0.2x
Mon, 08 Jan 2024	HK$473.7b	HK$2.6t	HK$73.9b	8.2x	6.4x	0.2x
Wed, 06 Dec 2023	HK$470.3b	HK$2.6t	HK$73.8b	8.7x	6.4x	0.2x
Fri, 03 Nov 2023	HK$471.5b	HK$2.5t	HK$73.1b	9.4x	6.4x	0.2x
Sun, 01 Oct 2023	HK$505.5b	HK$2.5t	HK$74.0b	9x	6.8x	0.2x
Tue, 29 Aug 2023	HK$518.9b	HK$2.5t	HK$70.9b	10.2x	7.3x	0.2x

Current Industry PE

Investors are optimistic on the Hong Kong Construction industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 13.8x which is higher than its 3-year average PE of 10.2x.

The industry is trading close to its 3-year average PS ratio of 0.22x.

Past Earnings Growth

The earnings for companies in the Construction industry have declined 16% per year over the last three years.
Meanwhile revenues have remained mostly flat.
This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Hong Kong Industrials industry?


HK Market	3.64%
Industrials	3.03%
Construction	2.98%
Construction and Engineering	2.98%

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
2442 Easy Smart Group Holdings	HK$93.00	35.8% +HK$10.0b	3,294.2%	PS140.5x
3311 China State Construction International Holdings	HK$8.47	5.4% +HK$2.3b	-22.3%	PE4.5x
9900 Hong Kong Zcloud Technology Construction	HK$6.33	3.8% +HK$684.5m	176.4%	PE2702.3x
3996 China Energy Engineering	HK$1.07	1.4% +HK$663.6m	-18.3%	PE7.1x
1783 Envision Greenwise Holdings	HK$4.95	4.2% +HK$577.9m	29.9%	PE234.7x

Company

Last Price

Valuation

2442 Easy Smart Group Holdings

HK$93.00

35.8%
+HK$10.0b

3,294.2%

PS140.5x

3311 China State Construction International Holdings

HK$8.47

5.4%
+HK$2.3b

-22.3%

PE4.5x

9900 Hong Kong Zcloud Technology Construction

HK$6.33

3.8%
+HK$684.5m

176.4%

PE2702.3x

3996 China Energy Engineering

HK$1.07

1.4%
+HK$663.6m

-18.3%

PE7.1x

1783 Envision Greenwise Holdings

HK$4.95

4.2%
+HK$577.9m

29.9%

PE234.7x

New major risk - Revenue and earnings growth

Earnings have declined by 34% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 34% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (15% average weekly change).

Hong Kong (HSI) Construction Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Envision Greenwise Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 549.52584 million.

New minor risk - Share price stability

Shanxi Installation Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026

China Communications Services Corporation Limited to Report First Half, 2026 Results on Aug 26, 2026

Superland Group Holdings Limited to Report First Half, 2026 Results on Aug 31, 2026

WK Group (Holdings) Limited to Report First Half, 2026 Results on Aug 31, 2026

New major risk - Revenue and earnings growth

China State Construction International Holdings Limited to Report First Half, 2026 Results on Aug 25, 2026

Xinte Energy Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026

Full year 2026 earnings released: EPS: HK$0.002 (vs HK$0.01 in FY 2025)

Pizu Group Holdings (HKG:9893) Strong Profits May Be Masking Some Underlying Issues

Upcoming dividend of HK$0.087 per share

First half 2026 earnings released: S$0.012 loss per share (vs S$0.001 profit in 1H 2025)

China Energy Engineering Corporation Limited to Report First Half, 2026 Results on Aug 31, 2026

Full year 2026 earnings released: HK$0.002 loss per share (vs HK$0.002 profit in FY 2025)

Easy Smart Group Holdings Appoints Dr. Tang Tian-Shen as Chairman for Sector Expertise and Board Clarity