Impressive Earnings May Not Tell The Whole Story For West China Cement (HKG:2233)
Apr 30
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Hong Kong (HSI) Construction Materials Industry Analysis
UpdatedMay 04, 2026
DataAggregated Company Financials
Companies20
- 7D0.6%
- 3M-8.9%
- 1Y20.9%
- YTDn/a
The Construction Materials is pretty flat in the last 7 days, but West China Cement has stood out, gaining 5.0%. As for the the longer term, the industry is up 21% over the past 12 months. Earnings are forecast to grow by 44% annually.
Industry Valuation and Performance
Has the Hong Kong Construction Materials Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 04 May 2026 | HK$93.5b | HK$373.8b | -HK$5,486,588,240.58 | 17.3x | -17x | 0.3x |
| Wed, 01 Apr 2026 | HK$91.8b | HK$372.9b | -HK$5,114,715,938.30 | 16.6x | -17.9x | 0.2x |
| Fri, 27 Feb 2026 | HK$119.2b | HK$397.3b | HK$6.9b | 11.9x | 17.4x | 0.3x |
| Sun, 25 Jan 2026 | HK$108.1b | HK$389.0b | HK$6.7b | 12.7x | 16.1x | 0.3x |
| Tue, 23 Dec 2025 | HK$97.1b | HK$384.1b | HK$6.6b | 12.3x | 14.6x | 0.3x |
| Thu, 20 Nov 2025 | HK$100.2b | HK$380.2b | HK$6.5b | 14.8x | 15.3x | 0.3x |
| Sat, 18 Oct 2025 | HK$107.3b | HK$388.3b | HK$6.6b | 17.4x | 16.3x | 0.3x |
| Mon, 15 Sep 2025 | HK$241.0b | HK$483.6b | HK$19.7b | 14.4x | 12.2x | 0.5x |
| Wed, 13 Aug 2025 | HK$233.3b | HK$487.4b | HK$13.2b | 17.7x | 17.6x | 0.5x |
| Fri, 11 Jul 2025 | HK$211.7b | HK$489.5b | HK$12.5b | 13.5x | 16.9x | 0.4x |
| Sun, 08 Jun 2025 | HK$197.7b | HK$488.9b | HK$11.4b | 11.9x | 17.3x | 0.4x |
| Tue, 06 May 2025 | HK$206.3b | HK$477.4b | HK$11.1b | 13.5x | 18.5x | 0.4x |
| Thu, 03 Apr 2025 | HK$212.5b | HK$478.2b | HK$9.6b | 14.3x | 22.2x | 0.4x |
| Sat, 01 Mar 2025 | HK$207.0b | HK$505.3b | HK$6.0b | 34.3x | 34.3x | 0.4x |
| Mon, 27 Jan 2025 | HK$207.4b | HK$508.2b | HK$6.1b | 32.2x | 34.2x | 0.4x |
| Wed, 25 Dec 2024 | HK$207.5b | HK$500.6b | HK$5.9b | 33.8x | 35.4x | 0.4x |
| Fri, 22 Nov 2024 | HK$216.4b | HK$498.6b | HK$6.8b | 32.9x | 32x | 0.4x |
| Sun, 20 Oct 2024 | HK$209.9b | HK$519.0b | HK$5.7b | 49.3x | 36.6x | 0.4x |
| Tue, 17 Sep 2024 | HK$164.3b | HK$521.3b | HK$5.8b | 36.3x | 28.5x | 0.3x |
| Thu, 15 Aug 2024 | HK$181.5b | HK$536.3b | HK$11.9b | 12.6x | 15.3x | 0.3x |
| Sat, 13 Jul 2024 | HK$196.9b | HK$532.3b | HK$12.5b | 13x | 15.7x | 0.4x |
| Mon, 10 Jun 2024 | HK$196.7b | HK$541.5b | HK$11.9b | 13.9x | 16.6x | 0.4x |
| Wed, 08 May 2024 | HK$193.3b | HK$552.2b | HK$12.8b | 13.7x | 15.1x | 0.4x |
| Fri, 05 Apr 2024 | HK$201.6b | HK$574.9b | HK$14.9b | 12.4x | 13.5x | 0.4x |
| Sun, 03 Mar 2024 | HK$210.4b | HK$576.8b | HK$17.5b | 13x | 12x | 0.4x |
| Tue, 30 Jan 2024 | HK$203.5b | HK$576.9b | HK$17.5b | 11.6x | 11.6x | 0.4x |
| Thu, 28 Dec 2023 | HK$203.9b | HK$579.3b | HK$17.6b | 14.3x | 11.6x | 0.4x |
| Sat, 25 Nov 2023 | HK$223.9b | HK$577.8b | HK$17.5b | 13.6x | 12.8x | 0.4x |
| Mon, 23 Oct 2023 | HK$219.4b | HK$574.6b | HK$19.4b | 9.9x | 11.3x | 0.4x |
| Wed, 20 Sep 2023 | HK$248.3b | HK$576.0b | HK$19.5b | 11.5x | 12.7x | 0.4x |
| Fri, 18 Aug 2023 | HK$256.0b | HK$588.5b | HK$24.3b | 11.5x | 10.5x | 0.4x |
| Sun, 16 Jul 2023 | HK$249.6b | HK$600.7b | HK$25.6b | 9.4x | 9.8x | 0.4x |
| Tue, 13 Jun 2023 | HK$268.7b | HK$602.2b | HK$25.7b | 11x | 10.5x | 0.4x |
| Thu, 11 May 2023 | HK$299.1b | HK$619.9b | HK$26.4b | 11.6x | 11.3x | 0.5x |
Price to Earnings Ratio
11.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Construction Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.38x.
Past Earnings Growth
- Total earnings for the Construction Materials industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 16% per year, which is driving profits down.
Industry Comparison
How does Hong Kong Construction Materials compare with similar industries?
| HK Market | -0.78% | |
| Materials | -4.74% | |
| Basic Materials | 0.55% | |
| Construction Materials | 0.55% | |
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 | |
|---|---|---|---|---|---|
| 2233 West China Cement | HK$2.53 | 5.0% +HK$655.5m | 60.1% | PE13.7x | |
| 3323 China National Building Material | HK$5.07 | 0.8% +HK$303.7m | 32.0% | PS0.2x | |
| 2187 Zhixin Group Holding | HK$0.84 | 7.7% +HK$53.9m | 75.0% | PS1.2x | |
| 366 Luks Group (Vietnam Holdings) | HK$0.93 | 3.3% +HK$15.0m | 29.2% | PE25.8x | |
| 1323 Huasheng International Holding | HK$0.14 | 14.9% +HK$13.6m | -22.8% | PS0.3x |