Capital Allocation Trends At China Communications Construction (HKG:1800) Aren't Ideal
Dec 31
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Hong Kong (HSI) Construction Industry Analysis
UpdatedJan 02, 2026
DataAggregated Company Financials
Companies149
- 7D-0.2%
- 3M-5.4%
- 1Y7.3%
- YTDn/a
Last week, the Construction industry hasn't moved much but Easy Smart Group Holdings is up 38% in that time. The past year has been better, since the industry has gained 7.3% in that time. As for the next few years, earnings are expected to grow by 18% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 02 Jan 2026 | HK$575.9b | HK$2.5t | HK$44.0b | 10.1x | 13.1x | 0.2x |
| Sun, 30 Nov 2025 | HK$572.2b | HK$2.5t | HK$43.4b | 10.4x | 13.2x | 0.2x |
| Tue, 28 Oct 2025 | HK$600.6b | HK$2.5t | HK$46.9b | 11.4x | 12.8x | 0.2x |
| Thu, 25 Sep 2025 | HK$575.9b | HK$2.5t | HK$47.7b | 11.2x | 12.1x | 0.2x |
| Sat, 23 Aug 2025 | HK$592.2b | HK$2.5t | HK$49.6b | 11.7x | 11.9x | 0.2x |
| Mon, 21 Jul 2025 | HK$560.6b | HK$2.5t | HK$49.5b | 9.9x | 11.3x | 0.2x |
| Wed, 18 Jun 2025 | HK$549.4b | HK$2.5t | HK$50.2b | 12.2x | 10.9x | 0.2x |
| Fri, 16 May 2025 | HK$541.4b | HK$2.5t | HK$49.1b | 12.1x | 11x | 0.2x |
| Sun, 13 Apr 2025 | HK$526.7b | HK$2.5t | HK$51.0b | 11.6x | 10.3x | 0.2x |
| Tue, 11 Mar 2025 | HK$547.2b | HK$2.5t | HK$56.9b | 11.7x | 9.6x | 0.2x |
| Thu, 06 Feb 2025 | HK$536.3b | HK$2.5t | HK$56.9b | 11.8x | 9.4x | 0.2x |
| Sat, 04 Jan 2025 | HK$544.2b | HK$2.5t | HK$56.7b | 10.8x | 9.6x | 0.2x |
| Mon, 02 Dec 2024 | HK$554.2b | HK$2.5t | HK$57.1b | 10.7x | 9.7x | 0.2x |
| Wed, 30 Oct 2024 | HK$562.2b | HK$2.6t | HK$56.0b | 9.4x | 10x | 0.2x |
| Fri, 27 Sep 2024 | HK$526.0b | HK$2.6t | HK$56.6b | 9.3x | 9.3x | 0.2x |
| Sun, 25 Aug 2024 | HK$524.1b | HK$2.6t | HK$66.7b | 8.2x | 7.9x | 0.2x |
| Tue, 23 Jul 2024 | HK$508.5b | HK$2.6t | HK$64.9b | 8.8x | 7.8x | 0.2x |
| Thu, 20 Jun 2024 | HK$524.4b | HK$2.6t | HK$65.0b | 8.5x | 8.1x | 0.2x |
| Sat, 18 May 2024 | HK$534.5b | HK$2.6t | HK$65.5b | 8.4x | 8.2x | 0.2x |
| Mon, 15 Apr 2024 | HK$494.4b | HK$2.6t | HK$65.5b | 8.2x | 7.6x | 0.2x |
| Wed, 13 Mar 2024 | HK$499.2b | HK$2.6t | HK$73.8b | 7.5x | 6.8x | 0.2x |
| Fri, 09 Feb 2024 | HK$475.7b | HK$2.6t | HK$74.4b | 7.4x | 6.4x | 0.2x |
| Sun, 07 Jan 2024 | HK$473.7b | HK$2.6t | HK$73.9b | 8.2x | 6.4x | 0.2x |
| Tue, 05 Dec 2023 | HK$475.5b | HK$2.6t | HK$73.9b | 8.8x | 6.4x | 0.2x |
| Thu, 02 Nov 2023 | HK$472.8b | HK$2.5t | HK$73.0b | 9.2x | 6.5x | 0.2x |
| Sat, 30 Sep 2023 | HK$505.3b | HK$2.5t | HK$74.1b | 9x | 6.8x | 0.2x |
| Mon, 28 Aug 2023 | HK$513.5b | HK$2.5t | HK$71.0b | 9.9x | 7.2x | 0.2x |
| Wed, 26 Jul 2023 | HK$569.8b | HK$2.5t | HK$75.2b | 10.2x | 7.6x | 0.2x |
| Fri, 23 Jun 2023 | HK$560.0b | HK$2.5t | HK$74.6b | 11.3x | 7.5x | 0.2x |
| Sun, 21 May 2023 | HK$592.1b | HK$2.6t | HK$76.2b | 10.9x | 7.8x | 0.2x |
| Tue, 18 Apr 2023 | HK$594.6b | HK$2.6t | HK$76.7b | 11.7x | 7.7x | 0.2x |
| Thu, 16 Mar 2023 | HK$564.9b | HK$2.5t | HK$75.1b | 9.4x | 7.5x | 0.2x |
| Sat, 11 Feb 2023 | HK$505.9b | HK$2.5t | HK$71.0b | 9.2x | 7.1x | 0.2x |
| Mon, 09 Jan 2023 | HK$481.2b | HK$2.5t | HK$70.5b | 9.5x | 6.8x | 0.2x |
Price to Earnings Ratio
6.8x
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 13.1x which is higher than its 3-year average PE of 8.9x.
- 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 15% 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 | -0.24% | |
| Industrials | -0.67% | |
| Construction | -0.21% | |
| Construction and Engineering | -0.21% | |
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$19.46 | 38.4% +HK$2.2b | 1,592.2% | PS25.2x | |
| 1757 Affluent Foundation Holdings | HK$3.07 | 24.3% +HK$720.0m | 2,665.8% | PE3203.5x | |
| 2386 SINOPEC Engineering (Group) | HK$7.66 | 2.0% +HK$659.1m | 16.4% | PE12x | |
| 1800 China Communications Construction | HK$5.10 | 0.4% +HK$324.9m | -5.2% | PE3.8x | |
| 1783 Envision Greenwise Holdings | HK$3.21 | 3.2% +HK$285.6m | -16.1% | PE352.5x |
