A Look At The Fair Value Of Xinte Energy Co., Ltd. (HKG:1799)
Nov 20
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Hong Kong (HSI) Construction Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies153
- 7D0.06%
- 3M8.3%
- 1Y24.6%
- YTD25.2%
The Construction is pretty flat in the last 7 days, but China State Construction International Holdings has stood out, gaining 3.6%. The past year has been better, since the industry has gained 24% in that time. Earnings are forecast to grow by 13% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | HK$568.6b | HK$2.5t | HK$57.4b | 10.2x | 9.9x | 0.2x |
| Sat, 19 Oct 2024 | HK$567.5b | HK$2.6t | HK$56.2b | 9.4x | 10.1x | 0.2x |
| Mon, 16 Sep 2024 | HK$467.8b | HK$2.6t | HK$56.2b | 8.8x | 8.3x | 0.2x |
| Wed, 14 Aug 2024 | HK$522.1b | HK$2.6t | HK$65.7b | 8.6x | 7.9x | 0.2x |
| Fri, 12 Jul 2024 | HK$515.0b | HK$2.6t | HK$65.0b | 9.1x | 7.9x | 0.2x |
| Sun, 09 Jun 2024 | HK$531.5b | HK$2.6t | HK$65.1b | 8.1x | 8.2x | 0.2x |
| Tue, 07 May 2024 | HK$508.2b | HK$2.6t | HK$65.7b | 8.8x | 7.7x | 0.2x |
| Thu, 04 Apr 2024 | HK$505.0b | HK$2.6t | HK$67.6b | 7.9x | 7.5x | 0.2x |
| Sat, 02 Mar 2024 | HK$494.5b | HK$2.6t | HK$73.6b | 7.6x | 6.7x | 0.2x |
| Mon, 29 Jan 2024 | HK$483.3b | HK$2.6t | HK$74.0b | 8x | 6.5x | 0.2x |
| Wed, 27 Dec 2023 | HK$465.1b | HK$2.6t | HK$73.8b | 8.4x | 6.3x | 0.2x |
| Fri, 24 Nov 2023 | HK$481.4b | HK$2.6t | HK$73.0b | 9.8x | 6.6x | 0.2x |
| Sun, 22 Oct 2023 | HK$471.9b | HK$2.5t | HK$73.1b | 9x | 6.5x | 0.2x |
| Tue, 19 Sep 2023 | HK$508.6b | HK$2.5t | HK$74.1b | 11.3x | 6.9x | 0.2x |
| Thu, 17 Aug 2023 | HK$553.5b | HK$2.5t | HK$73.2b | 9.9x | 7.6x | 0.2x |
| Sat, 15 Jul 2023 | HK$574.0b | HK$2.5t | HK$75.3b | 10.2x | 7.6x | 0.2x |
| Mon, 12 Jun 2023 | HK$580.3b | HK$2.5t | HK$75.4b | 11x | 7.7x | 0.2x |
| Wed, 10 May 2023 | HK$585.4b | HK$2.6t | HK$77.3b | 11.2x | 7.6x | 0.2x |
| Fri, 07 Apr 2023 | HK$563.7b | HK$2.5t | HK$75.2b | 10.3x | 7.5x | 0.2x |
| Sun, 05 Mar 2023 | HK$544.2b | HK$2.5t | HK$74.7b | 9.8x | 7.3x | 0.2x |
| Tue, 31 Jan 2023 | HK$501.5b | HK$2.5t | HK$71.5b | 9.2x | 7x | 0.2x |
| Thu, 29 Dec 2022 | HK$468.5b | HK$2.4t | HK$69.1b | 9x | 6.8x | 0.2x |
| Sat, 26 Nov 2022 | HK$474.3b | HK$2.4t | HK$68.2b | 9.2x | 7x | 0.2x |
| Mon, 24 Oct 2022 | HK$438.6b | HK$2.3t | HK$67.3b | 10x | 6.5x | 0.2x |
| Wed, 21 Sep 2022 | HK$479.0b | HK$2.4t | HK$69.4b | 11.3x | 6.9x | 0.2x |
| Fri, 19 Aug 2022 | HK$497.5b | HK$2.4t | HK$66.6b | 11.6x | 7.5x | 0.2x |
| Sun, 17 Jul 2022 | HK$526.2b | HK$2.4t | HK$66.8b | 11.9x | 7.9x | 0.2x |
| Tue, 14 Jun 2022 | HK$538.5b | HK$2.4t | HK$67.8b | 10.3x | 7.9x | 0.2x |
| Thu, 12 May 2022 | HK$561.9b | HK$2.4t | HK$67.4b | 9.1x | 8.3x | 0.2x |
| Sat, 09 Apr 2022 | HK$606.1b | HK$2.5t | HK$71.2b | 10x | 8.5x | 0.2x |
| Mon, 07 Mar 2022 | HK$628.5b | HK$2.5t | HK$74.5b | 8.9x | 8.4x | 0.3x |
| Wed, 02 Feb 2022 | HK$601.8b | HK$2.5t | HK$74.3b | 8.6x | 8.1x | 0.2x |
| Fri, 31 Dec 2021 | HK$597.2b | HK$2.5t | HK$74.2b | 9.2x | 8.1x | 0.2x |
| Sun, 28 Nov 2021 | HK$556.8b | HK$2.5t | HK$73.8b | 10x | 7.5x | 0.2x |
Price to Earnings Ratio
7.5x
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 9.9x which is higher than its 3-year average PE of 7.6x.
- The industry is trading close to its 3-year average PS ratio of 0.21x.
Past Earnings Growth
- The earnings for companies in the Construction industry have declined 8.0% 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 | 0.42% | |
| Industrials | 0.40% | |
| Construction | 0.06% | |
| Construction and Engineering | 0.06% | |
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 | |
|---|---|---|---|---|---|
| 3311 China State Construction International Holdings | HK$11.50 | 5.3% +HK$2.9b | 31.7% | PE5.9x | |
| 2386 SINOPEC Engineering (Group) | HK$5.71 | 9.2% +HK$2.1b | 39.6% | PE10x | |
| 552 China Communications Services | HK$4.09 | 2.8% +HK$761.9m | 16.9% | PE7.2x | |
| 1618 Metallurgical Corporation of China | HK$1.67 | 1.8% +HK$621.7m | 8.4% | PE5.8x | |
| 1735 Central New Energy Holding Group | HK$8.24 | 1.6% +HK$549.1m | 83.7% | PE383x |
