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
Tue, 07 Jul 2026	HK$586.2b	HK$2.5t	HK$42.6b	11.9x	13.8x	0.2x
Thu, 04 Jun 2026	HK$621.9b	HK$2.5t	HK$43.3b	12.5x	14.4x	0.2x
Sat, 02 May 2026	HK$614.6b	HK$2.5t	HK$44.5b	12.5x	13.8x	0.2x
Mon, 30 Mar 2026	HK$615.7b	HK$2.6t	HK$47.7b	11.6x	12.9x	0.2x
Wed, 25 Feb 2026	HK$608.4b	HK$2.6t	HK$45.0b	11.2x	13.5x	0.2x
Fri, 23 Jan 2026	HK$596.8b	HK$2.5t	HK$44.2b	10.7x	13.5x	0.2x
Sun, 21 Dec 2025	HK$567.3b	HK$2.5t	HK$43.5b	10.7x	13x	0.2x
Tue, 18 Nov 2025	HK$598.7b	HK$2.5t	HK$42.8b	11.1x	14x	0.2x
Thu, 16 Oct 2025	HK$596.4b	HK$2.5t	HK$46.6b	11x	12.8x	0.2x
Sat, 13 Sep 2025	HK$588.5b	HK$2.5t	HK$47.8b	10.9x	12.3x	0.2x
Mon, 11 Aug 2025	HK$582.8b	HK$2.5t	HK$49.4b	11.5x	11.8x	0.2x
Wed, 09 Jul 2025	HK$547.4b	HK$2.5t	HK$49.6b	9.7x	11x	0.2x
Fri, 06 Jun 2025	HK$540.2b	HK$2.5t	HK$49.6b	11.4x	10.9x	0.2x
Sun, 04 May 2025	HK$530.3b	HK$2.5t	HK$48.5b	11.4x	10.9x	0.2x
Tue, 01 Apr 2025	HK$524.9b	HK$2.5t	HK$54.1b	11.9x	9.7x	0.2x
Thu, 27 Feb 2025	HK$560.4b	HK$2.5t	HK$56.9b	12.7x	9.8x	0.2x
Sat, 25 Jan 2025	HK$536.0b	HK$2.5t	HK$57.2b	10.9x	9.4x	0.2x
Mon, 23 Dec 2024	HK$561.6b	HK$2.5t	HK$56.8b	11.1x	9.9x	0.2x
Wed, 20 Nov 2024	HK$568.5b	HK$2.5t	HK$57.4b	9.9x	9.9x	0.2x
Fri, 18 Oct 2024	HK$554.7b	HK$2.6t	HK$56.1b	9.4x	9.9x	0.2x
Sun, 15 Sep 2024	HK$467.8b	HK$2.6t	HK$56.2b	8.8x	8.3x	0.2x
Tue, 13 Aug 2024	HK$519.8b	HK$2.6t	HK$65.7b	8.9x	7.9x	0.2x
Thu, 11 Jul 2024	HK$510.7b	HK$2.6t	HK$64.9b	9x	7.9x	0.2x
Sat, 08 Jun 2024	HK$531.8b	HK$2.6t	HK$65.1b	8.2x	8.2x	0.2x
Mon, 06 May 2024	HK$503.2b	HK$2.6t	HK$65.5b	8.8x	7.7x	0.2x
Wed, 03 Apr 2024	HK$503.0b	HK$2.6t	HK$67.6b	8.2x	7.4x	0.2x
Fri, 01 Mar 2024	HK$494.3b	HK$2.6t	HK$73.7b	7.6x	6.7x	0.2x
Sun, 28 Jan 2024	HK$483.3b	HK$2.6t	HK$74.0b	8x	6.5x	0.2x
Tue, 26 Dec 2023	HK$465.1b	HK$2.6t	HK$73.8b	8.4x	6.3x	0.2x
Thu, 23 Nov 2023	HK$480.6b	HK$2.6t	HK$72.8b	9.6x	6.6x	0.2x
Sat, 21 Oct 2023	HK$472.0b	HK$2.5t	HK$73.0b	9x	6.5x	0.2x
Mon, 18 Sep 2023	HK$513.3b	HK$2.5t	HK$74.3b	10.6x	6.9x	0.2x
Wed, 16 Aug 2023	HK$561.4b	HK$2.5t	HK$74.1b	10x	7.6x	0.2x
Fri, 14 Jul 2023	HK$571.8b	HK$2.5t	HK$75.1b	10.3x	7.6x	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 10.0x.

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 17% 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	0.78%
Industrials	1.82%
Construction	0.38%
Construction and Engineering	0.38%

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$74.40	18.1% +HK$4.7b	5,291.3%	PS112.4x
2295 Maxicity Holdings	HK$6.30	231.6% +HK$1.8b	-7.4%	PE199.8x
1800 China Communications Construction	HK$3.77	2.4% +HK$1.5b	-26.2%	PE4.3x
1618 Metallurgical Corporation of China	HK$1.40	5.3% +HK$1.4b	-14.1%	PE4.8x
3311 China State Construction International Holdings	HK$7.32	3.8% +HK$1.4b	-37.3%	PE3.9x

Company

Last Price

Valuation

2442 Easy Smart Group Holdings

HK$74.40

18.1%
+HK$4.7b

5,291.3%

PS112.4x

2295 Maxicity Holdings

HK$6.30

231.6%
+HK$1.8b

-7.4%

PE199.8x

1800 China Communications Construction

HK$3.77

2.4%
+HK$1.5b

-26.2%

PE4.3x

1618 Metallurgical Corporation of China

HK$1.40

5.3%
+HK$1.4b

-14.1%

PE4.8x

3311 China State Construction International Holdings

HK$7.32

3.8%
+HK$1.4b

-37.3%

PE3.9x

Sinopec Engineering Group Wins $6.1 Billion Aviation Fuel Project in Uzbekistan

Allied Biofuels has signed a FEED and detailed engineering contract with SINOPEC Engineering (Group) for a planned US$6.1b sustainable aviation fuel (SAF) and e-SAF project in Uzbekistan, agreed during the 5th Tashkent International Investment Forum. The agreement covers front-end design, detailed engineering, systems integration and open-book cost development, with a pathway for SINOPEC Engineering (Group) to roll into a full EPC role, drawing on its experience in refining, biofuels, green hydrogen and complex industrial infrastructure. SINOPEC Engineering (Group)’s stock last traded at HK$4.93, with the share price down 35.3% year to date. This contract links SINOPEC Engineering (Group) to a very large renewable fuels project and could influence how the market views its project pipeline and exposure to low-carbon infrastructure, while also concentrating execution risk around a single high-value opportunity.

Hong Kong (HSI) Construction Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Upcoming dividend of HK$0.087 per share

Insufficient new directors

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

Full year 2026 earnings released: HK$0.055 loss per share (vs HK$0.015 loss in FY 2025)

Dividend of HK$0.028 announced

Full year 2026 earnings released: EPS: HK$0.009 (vs HK$0.001 in FY 2025)

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

Metallurgical Corporation of China Ltd. to Report First Half, 2026 Results on Aug 31, 2026

Now 20% overvalued

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

New minor risk - Financial data availability

Sinopec Engineering Group Wins $6.1 Billion Aviation Fuel Project in Uzbekistan

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

Investor sentiment deteriorates as stock falls 18%

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

Full year 2025 earnings released: EPS: HK$0.008 (vs HK$0.025 in FY 2024)