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Hong Kong (HSI) Construction Industry Analysis

UpdatedOct 19, 2025
DataAggregated Company Financials
Companies146
  • 7D-3.1%
  • 3M3.4%
  • 1Y8.9%
  • YTD10.8%

Over the last 7 days, the Construction industry has dropped 3.1%, driven by Metallurgical Corporation of China declining 13%. Meanwhile, Hong Kong Zcloud Technology Construction actually outperformed within the industry, gaining 17% in the last week. In the past year, the industry has gained 8.9%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 Oct 2025HK$584.8bHK$2.5tHK$46.8b10.8x12.5x0.2x
Tue, 16 Sep 2025HK$588.3bHK$2.5tHK$47.7b10.9x12.3x0.2x
Thu, 14 Aug 2025HK$584.5bHK$2.5tHK$49.5b11.9x11.8x0.2x
Sat, 12 Jul 2025HK$556.0bHK$2.5tHK$49.6b10x11.2x0.2x
Mon, 09 Jun 2025HK$543.6bHK$2.5tHK$49.5b12.2x11x0.2x
Wed, 07 May 2025HK$532.8bHK$2.5tHK$48.8b11.8x10.9x0.2x
Fri, 04 Apr 2025HK$537.4bHK$2.5tHK$51.1b11.9x10.5x0.2x
Sun, 02 Mar 2025HK$549.6bHK$2.5tHK$56.8b13x9.7x0.2x
Tue, 28 Jan 2025HK$542.1bHK$2.5tHK$57.2b11.4x9.5x0.2x
Thu, 26 Dec 2024HK$570.8bHK$2.5tHK$56.7b11.1x10.1x0.2x
Sat, 23 Nov 2024HK$550.4bHK$2.5tHK$57.4b9.4x9.6x0.2x
Mon, 21 Oct 2024HK$568.2bHK$2.6tHK$56.2b9.4x10.1x0.2x
Wed, 18 Sep 2024HK$463.6bHK$2.6tHK$56.1b8.7x8.3x0.2x
Fri, 16 Aug 2024HK$525.9bHK$2.6tHK$65.8b8.8x8x0.2x
Sun, 14 Jul 2024HK$516.3bHK$2.6tHK$65.1b9.1x7.9x0.2x
Tue, 11 Jun 2024HK$531.5bHK$2.6tHK$65.1b8.1x8.2x0.2x
Thu, 09 May 2024HK$503.4bHK$2.6tHK$65.7b8.9x7.7x0.2x
Sat, 06 Apr 2024HK$501.8bHK$2.6tHK$67.6b7.9x7.4x0.2x
Mon, 04 Mar 2024HK$494.3bHK$2.6tHK$73.6b7.6x6.7x0.2x
Wed, 31 Jan 2024HK$483.2bHK$2.6tHK$74.4b8x6.5x0.2x
Fri, 29 Dec 2023HK$471.0bHK$2.6tHK$74.2b8.4x6.4x0.2x
Sun, 26 Nov 2023HK$479.7bHK$2.6tHK$72.9b9.7x6.6x0.2x
Tue, 24 Oct 2023HK$467.0bHK$2.5tHK$73.1b9x6.4x0.2x
Thu, 21 Sep 2023HK$505.7bHK$2.5tHK$74.1b11.9x6.8x0.2x
Sat, 19 Aug 2023HK$544.8bHK$2.5tHK$73.2b9.9x7.4x0.2x
Mon, 17 Jul 2023HK$574.1bHK$2.5tHK$75.2b10.2x7.6x0.2x
Wed, 14 Jun 2023HK$572.0bHK$2.5tHK$75.1b11.1x7.6x0.2x
Fri, 12 May 2023HK$571.1bHK$2.6tHK$77.1b11.6x7.4x0.2x
Sun, 09 Apr 2023HK$558.3bHK$2.6tHK$76.8b10.4x7.3x0.2x
Tue, 07 Mar 2023HK$547.6bHK$2.5tHK$74.4b10x7.4x0.2x
Thu, 02 Feb 2023HK$514.4bHK$2.5tHK$71.5b9.2x7.2x0.2x
Sat, 31 Dec 2022HK$471.1bHK$2.4tHK$69.8b9.3x6.7x0.2x
Mon, 28 Nov 2022HK$474.0bHK$2.4tHK$67.9b9.1x7x0.2x
Wed, 26 Oct 2022HK$426.9bHK$2.3tHK$67.2b9.4x6.4x0.2x
Price to Earnings Ratio

6.4x


Total Market Cap: HK$426.9bTotal Earnings: HK$67.2bTotal Revenue: HK$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Construction Industry Price to Earnings3Y Average 8.4x202320242025
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 12.5x which is higher than its 3-year average PE of 8.4x.
  • 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 11% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.3% per year.
  • This means that although more sales are being generated, 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-1.77%
Industrials-1.87%
Construction-3.07%
Construction and Engineering-3.07%
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?

CompanyLast Price7D1YValuation
9900 Hong Kong Zcloud Technology ConstructionHK$4.3017.5%
+HK$1.9b		1,655.1%PE412.1x
2386 SINOPEC Engineering (Group)HK$6.973.3%
+HK$966.7m		24.7%PE11.1x
9893 Pizu Group HoldingsHK$1.0932.9%
+HK$960.9m		207.0%PE21.7x
3311 China State Construction International HoldingsHK$10.021.0%
+HK$528.2m		-19.6%PE5.5x
552 China Communications ServicesHK$4.530.4%
+HK$138.5m		0.2%PE8x

Latest News

1783
HK$3.06
Envision Greenwise Holdings
7D
-12.6%
1Y
14.6%
1799
HK$7.61
Xinte Energy
7D
-6.5%
1Y
2.8%
9893
HK$1.09
Pizu Group Holdings
7D
32.9%
1Y
207.0%
1751
HK$0.86
Kingland Group Holdings
7D
75.5%
1Y
100.0%
3311
HK$10.02
China State Construction International Holdings
7D
1.0%
1Y
-19.6%
586
HK$10.07
China Conch Venture Holdings
7D
-7.2%
1Y
38.3%

Insufficient Growth At China Conch Venture Holdings Limited (HKG:586) Hampers Share Price

Oct 15
Insufficient Growth At China Conch Venture Holdings Limited (HKG:586) Hampers Share Price
8549
HK$0.83
Golden Leaf International Group
7D
-61.4%
1Y
n/a
1499
HK$0.27
OKG Technology Holdings
7D
-21.7%
1Y
65.6%

Some OKG Technology Holdings Limited (HKG:1499) Shareholders Look For Exit As Shares Take 26% Pounding

Oct 09
Some OKG Technology Holdings Limited (HKG:1499) Shareholders Look For Exit As Shares Take 26% Pounding
1372
HK$1.29
China Carbon Neutral Development Group
7D
19.4%
1Y
337.3%
3996
HK$1.21
China Energy Engineering
7D
-2.4%
1Y
11.0%

China Energy Engineering (HKG:3996) Use Of Debt Could Be Considered Risky

Sep 30
China Energy Engineering (HKG:3996) Use Of Debt Could Be Considered Risky
1800
HK$5.11
China Communications Construction
7D
-1.7%
1Y
-1.9%

Why Investors Shouldn't Be Surprised By China Communications Construction Company Limited's (HKG:1800) Low P/E

Sep 30
Why Investors Shouldn't Be Surprised By China Communications Construction Company Limited's (HKG:1800) Low P/E
1618
HK$2.45
Metallurgical Corporation of China
7D
-13.4%
1Y
43.3%
2386
HK$6.97
SINOPEC Engineering (Group)
7D
3.3%
1Y
24.7%

SINOPEC Engineering (Group) (HKG:2386) Seems To Use Debt Rather Sparingly

Sep 29
SINOPEC Engineering (Group) (HKG:2386) Seems To Use Debt Rather Sparingly
1870
HK$0.41
Acme International Holdings
7D
26.2%
1Y
-78.1%

Acme International Holdings Limited's (HKG:1870) 39% Share Price Surge Not Quite Adding Up

Sep 21
Acme International Holdings Limited's (HKG:1870) 39% Share Price Surge Not Quite Adding Up
9900
HK$4.30
Hong Kong Zcloud Technology Construction
7D
17.5%
1Y
1,655.1%
552
HK$4.53
China Communications Services
7D
0.4%
1Y
0.2%

Overseas Expansion Into APAC And Latin America Will Strengthen Future Prospects

The upward revision in China Communications Services’ analyst price target is primarily driven by improved consensus revenue growth forecasts, now at 4.2% per annum, alongside a higher future P/E, resulting in a new fair value estimate of HK$4.98. What's in the News The board has proposed amendments to the Articles of Association and Rules of Procedure, including abolishing the supervisory committee in favor of an audit committee, to align with updated PRC Company Law and Hong Kong listing regulations, subject to EGM approval.