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
Sat, 29 Aug 2026	HK$591.4b	HK$2.5t	HK$43.4b	13.1x	13.6x	0.2x
Mon, 27 Jul 2026	HK$575.1b	HK$2.5t	HK$42.8b	11.5x	13.4x	0.2x
Wed, 24 Jun 2026	HK$585.8b	HK$2.5t	HK$43.2b	10.4x	13.6x	0.2x
Fri, 22 May 2026	HK$616.6b	HK$2.5t	HK$43.0b	12.2x	14.3x	0.2x
Sun, 19 Apr 2026	HK$623.5b	HK$2.5t	HK$44.7b	12.4x	13.9x	0.2x
Tue, 17 Mar 2026	HK$669.7b	HK$2.6t	HK$44.8b	10.7x	14.9x	0.3x
Thu, 12 Feb 2026	HK$605.1b	HK$2.6t	HK$44.8b	11.4x	13.5x	0.2x
Sat, 10 Jan 2026	HK$583.9b	HK$2.5t	HK$44.1b	10.2x	13.2x	0.2x
Mon, 08 Dec 2025	HK$584.8b	HK$2.5t	HK$43.4b	10.7x	13.5x	0.2x
Wed, 05 Nov 2025	HK$578.9b	HK$2.5t	HK$42.8b	11.5x	13.5x	0.2x
Fri, 03 Oct 2025	HK$587.4b	HK$2.5t	HK$47.7b	10.7x	12.3x	0.2x
Sun, 31 Aug 2025	HK$581.9b	HK$2.5t	HK$46.9b	11.1x	12.4x	0.2x
Tue, 29 Jul 2025	HK$587.1b	HK$2.5t	HK$49.5b	10.8x	11.9x	0.2x
Thu, 26 Jun 2025	HK$551.6b	HK$2.5t	HK$50.2b	11.5x	11x	0.2x
Sat, 24 May 2025	HK$534.3b	HK$2.5t	HK$49.4b	12.1x	10.8x	0.2x
Mon, 21 Apr 2025	HK$527.4b	HK$2.5t	HK$50.9b	11.9x	10.4x	0.2x
Wed, 19 Mar 2025	HK$562.1b	HK$2.5t	HK$57.3b	11.4x	9.8x	0.2x
Fri, 14 Feb 2025	HK$544.3b	HK$2.5t	HK$56.8b	11.9x	9.6x	0.2x
Sun, 12 Jan 2025	HK$529.5b	HK$2.5t	HK$56.6b	10.4x	9.4x	0.2x
Tue, 10 Dec 2024	HK$570.9b	HK$2.5t	HK$56.9b	11.3x	10x	0.2x
Thu, 07 Nov 2024	HK$590.7b	HK$2.5t	HK$57.9b	9.6x	10.2x	0.2x
Sat, 05 Oct 2024	HK$575.2b	HK$2.6t	HK$56.3b	10.3x	10.2x	0.2x
Mon, 02 Sep 2024	HK$511.2b	HK$2.6t	HK$56.7b	9.2x	9x	0.2x
Wed, 31 Jul 2024	HK$508.0b	HK$2.6t	HK$65.1b	8.3x	7.8x	0.2x
Fri, 28 Jun 2024	HK$512.2b	HK$2.6t	HK$65.6b	8.3x	7.8x	0.2x
Sun, 26 May 2024	HK$526.9b	HK$2.6t	HK$65.1b	8.6x	8.1x	0.2x
Tue, 23 Apr 2024	HK$513.2b	HK$2.6t	HK$65.4b	8.8x	7.8x	0.2x
Thu, 21 Mar 2024	HK$499.4b	HK$2.6t	HK$73.8b	7.4x	6.8x	0.2x
Sat, 17 Feb 2024	HK$481.3b	HK$2.6t	HK$74.3b	7.3x	6.5x	0.2x
Mon, 15 Jan 2024	HK$464.2b	HK$2.6t	HK$73.8b	7.9x	6.3x	0.2x
Wed, 13 Dec 2023	HK$469.7b	HK$2.6t	HK$73.5b	8.5x	6.4x	0.2x
Fri, 10 Nov 2023	HK$476.2b	HK$2.6t	HK$73.0b	8.9x	6.5x	0.2x
Sun, 08 Oct 2023	HK$501.5b	HK$2.5t	HK$74.1b	9.3x	6.8x	0.2x
Tue, 05 Sep 2023	HK$531.5b	HK$2.5t	HK$74.4b	10.4x	7.1x	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 13.2x which is higher than its 3-year average PE of 10.3x.

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 16% 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	-0.095%
Industrials	-1.28%
Construction	-0.61%
Construction and Engineering	-0.61%

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$108.30	16.5% +HK$6.2b	3,971.4%	PS163.6x
1618 Metallurgical Corporation of China	HK$1.45	1.8% +HK$512.5m	-36.3%	PE4.8x
3928 China Next-Gen Commerce and Supply Chain	HK$28.30	1.9% +HK$267.8m	586.9%	PS49.5x
1826 FDB Holdings	HK$0.28	56.6% +HK$247.0m	275.0%	PS1.7x
6829 Dragon Rise Group Holdings	HK$2.40	37.1% +HK$187.2m	98.3%	PE44.2x

Company

Last Price

Valuation

2442 Easy Smart Group Holdings

HK$108.30

16.5%
+HK$6.2b

3,971.4%

PS163.6x

1618 Metallurgical Corporation of China

HK$1.45

1.8%
+HK$512.5m

-36.3%

PE4.8x

3928 China Next-Gen Commerce and Supply Chain

HK$28.30

1.9%
+HK$267.8m

586.9%

PS49.5x

1826 FDB Holdings

HK$0.28

56.6%
+HK$247.0m

275.0%

PS1.7x

6829 Dragon Rise Group Holdings

HK$2.40

37.1%
+HK$187.2m

98.3%

PE44.2x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-HK$23m). Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$532.3m market cap, or US$67.9m).

Hong Kong (HSI) Construction Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 37%

Second quarter 2026 earnings released: EPS: CN¥0.19 (vs CN¥0.24 in 2Q 2025)

China State Construction International Holdings Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

First half 2026 earnings released: EPS: HK$0.012 (vs HK$0.009 in 1H 2025)

First half dividend of HK$0.088 announced

New major risk - Shareholder dilution

China Communications Services Corporation Limited to Report First Half, 2026 Results on Aug 26, 2026

New major risk - Revenue and earnings growth

Twintek Investment Holdings Limited Announces Resignation of Liu Chuang as Chief Executive Officer, Effective August 14, 2026

Less than half of directors are independent

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

Rongzun International Holdings Group Limited, Annual General Meeting, Sep 08, 2026

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

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

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

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