Narrative Update • Jul 30

Over the last 7 days, the Construction industry has remained flat, although notably China Communications Construction gained 4.0%. Unfortunately though, the industry is down 6.5% over the past 12 months. As for the next few years, earnings are expected to grow by 8.6% per annum.
Has the Hong Kong Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Aug 2026 | HK$583.9b | HK$2.5t | HK$43.0b | 12.9x | 13.6x | 0.2x |
| Wed, 01 Jul 2026 | HK$579.7b | HK$2.5t | HK$42.8b | 11.6x | 13.6x | 0.2x |
| Fri, 29 May 2026 | HK$608.7b | HK$2.5t | HK$43.2b | 11.5x | 14.1x | 0.2x |
| Sun, 26 Apr 2026 | HK$618.3b | HK$2.5t | HK$44.6b | 12.5x | 13.9x | 0.2x |
| Tue, 24 Mar 2026 | HK$610.8b | HK$2.6t | HK$44.0b | 10.8x | 13.9x | 0.2x |
| Thu, 19 Feb 2026 | HK$605.8b | HK$2.6t | HK$44.8b | 11.3x | 13.5x | 0.2x |
| Sat, 17 Jan 2026 | HK$592.4b | HK$2.5t | HK$44.2b | 10.7x | 13.4x | 0.2x |
| Mon, 15 Dec 2025 | HK$569.7b | HK$2.5t | HK$43.4b | 10.8x | 13.1x | 0.2x |
| Wed, 12 Nov 2025 | HK$600.1b | HK$2.5t | HK$42.8b | 12x | 14x | 0.2x |
| Fri, 10 Oct 2025 | HK$604.2b | HK$2.5t | HK$46.6b | 11x | 13x | 0.2x |
| Sun, 07 Sep 2025 | HK$578.2b | HK$2.5t | HK$47.8b | 10.5x | 12.1x | 0.2x |
| Tue, 05 Aug 2025 | HK$574.1b | HK$2.5t | HK$49.5b | 11.2x | 11.6x | 0.2x |
| Thu, 03 Jul 2025 | HK$547.9b | HK$2.5t | HK$49.6b | 10.3x | 11x | 0.2x |
| Sat, 31 May 2025 | HK$538.2b | HK$2.5t | HK$49.5b | 11.7x | 10.9x | 0.2x |
| Mon, 28 Apr 2025 | HK$528.0b | HK$2.5t | HK$50.4b | 11.6x | 10.5x | 0.2x |
| Wed, 26 Mar 2025 | HK$542.1b | HK$2.5t | HK$55.3b | 11.2x | 9.8x | 0.2x |
| Fri, 21 Feb 2025 | HK$542.4b | HK$2.5t | HK$56.9b | 12.7x | 9.5x | 0.2x |
| Sun, 19 Jan 2025 | HK$541.6b | HK$2.5t | HK$56.7b | 11.3x | 9.6x | 0.2x |
| Tue, 17 Dec 2024 | HK$563.4b | HK$2.5t | HK$56.8b | 11.5x | 9.9x | 0.2x |
| Thu, 14 Nov 2024 | HK$571.3b | HK$2.5t | HK$57.6b | 10.6x | 9.9x | 0.2x |
| Sat, 12 Oct 2024 | HK$580.9b | HK$2.6t | HK$56.3b | 9.7x | 10.3x | 0.2x |
| Mon, 09 Sep 2024 | HK$482.2b | HK$2.6t | HK$56.6b | 8.7x | 8.5x | 0.2x |
| Wed, 07 Aug 2024 | HK$515.9b | HK$2.6t | HK$66.0b | 8.4x | 7.8x | 0.2x |
| Fri, 05 Jul 2024 | HK$528.7b | HK$2.6t | HK$65.0b | 9.2x | 8.1x | 0.2x |
| Sun, 02 Jun 2024 | HK$529.1b | HK$2.6t | HK$65.2b | 8.7x | 8.1x | 0.2x |
| Tue, 30 Apr 2024 | HK$510.4b | HK$2.6t | HK$65.4b | 8.6x | 7.8x | 0.2x |
| Thu, 28 Mar 2024 | HK$490.3b | HK$2.6t | HK$64.5b | 7.3x | 7.6x | 0.2x |
| Sat, 24 Feb 2024 | HK$500.3b | HK$2.6t | HK$73.6b | 7.3x | 6.8x | 0.2x |
| Mon, 22 Jan 2024 | HK$448.9b | HK$2.6t | HK$73.9b | 8x | 6.1x | 0.2x |
| Wed, 20 Dec 2023 | HK$461.1b | HK$2.6t | HK$73.7b | 8.4x | 6.3x | 0.2x |
| Fri, 17 Nov 2023 | HK$483.6b | HK$2.6t | HK$71.9b | 8.8x | 6.7x | 0.2x |
| Sun, 15 Oct 2023 | HK$490.1b | HK$2.5t | HK$73.1b | 9.3x | 6.7x | 0.2x |
| Tue, 12 Sep 2023 | HK$516.8b | HK$2.5t | HK$74.1b | 10.5x | 7x | 0.2x |
| Thu, 10 Aug 2023 | HK$569.0b | HK$2.5t | HK$74.8b | 10.3x | 7.6x | 0.2x |
7.6x
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 2.63% | |
| Industrials | 1.51% | |
| Construction | 0.40% | |
| Construction and Engineering | 0.40% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1800 China Communications Construction | HK$3.92 | 3.4% +HK$2.1b | -30.0% | PE4.5x | |
| 3311 China State Construction International Holdings | HK$8.54 | 4.1% +HK$1.8b | -27.9% | PE4.5x | |
| 1783 Envision Greenwise Holdings | HK$4.66 | 11.9% +HK$1.4b | 24.5% | PE220.7x | |
| 552 China Communications Services | HK$4.32 | 4.3% +HK$1.2b | -6.9% | PE7.1x | |
| 6063 Lotus Horizon Holdings | HK$1.27 | 34.6% +HK$650.0m | 662.0% | PS11.2x |