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 06, 2026
DataAggregated Company Financials
Companies20
- 7D-1.4%
- 3M-16.8%
- 1Y20.1%
- YTDn/a
Over the last 7 days, the Construction Materials industry has dropped 1.6%, driven by China National Building Material declining 1.2%. In contrast, Luks Group (Vietnam Holdings) has gained 7.8%. This takes the industry's 12 month performance to a gain of 20%. 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 |
|---|---|---|---|---|---|---|
| Wed, 06 May 2026 | HK$92.2b | HK$373.8b | -HK$5,486,407,982.55 | 18.2x | -16.8x | 0.2x |
| Fri, 03 Apr 2026 | HK$92.9b | HK$373.7b | -HK$5,177,337,308.74 | 15.9x | -17.9x | 0.2x |
| Sun, 01 Mar 2026 | HK$119.5b | HK$396.4b | HK$6.8b | 11.8x | 17.5x | 0.3x |
| Tue, 27 Jan 2026 | HK$108.9b | HK$389.6b | HK$6.7b | 12.7x | 16.2x | 0.3x |
| Thu, 25 Dec 2025 | HK$98.3b | HK$385.2b | HK$6.6b | 12.1x | 14.8x | 0.3x |
| Sat, 22 Nov 2025 | HK$98.1b | HK$380.2b | HK$6.5b | 13.8x | 15x | 0.3x |
| Mon, 20 Oct 2025 | HK$107.3b | HK$388.3b | HK$6.6b | 17.4x | 16.3x | 0.3x |
| Wed, 17 Sep 2025 | HK$236.6b | HK$484.4b | HK$19.7b | 14x | 12x | 0.5x |
| Fri, 15 Aug 2025 | HK$233.2b | HK$488.1b | HK$13.3b | 17.7x | 17.6x | 0.5x |
| Sun, 13 Jul 2025 | HK$210.8b | HK$490.0b | HK$12.6b | 13.6x | 16.8x | 0.4x |
| Tue, 10 Jun 2025 | HK$197.5b | HK$489.5b | HK$11.4b | 12x | 17.3x | 0.4x |
| Thu, 08 May 2025 | HK$205.7b | HK$481.1b | HK$11.2b | 13.1x | 18.3x | 0.4x |
| Sat, 05 Apr 2025 | HK$212.8b | HK$477.0b | HK$9.6b | 14.3x | 22.2x | 0.4x |
| Mon, 03 Mar 2025 | HK$207.0b | HK$504.9b | HK$6.0b | 34.4x | 34.4x | 0.4x |
| Wed, 29 Jan 2025 | HK$211.5b | HK$508.2b | HK$6.1b | 33.1x | 34.9x | 0.4x |
| Fri, 27 Dec 2024 | HK$209.7b | HK$500.6b | HK$5.9b | 33.8x | 35.8x | 0.4x |
| Sun, 24 Nov 2024 | HK$211.1b | HK$498.4b | HK$6.8b | 32.5x | 31.2x | 0.4x |
| Tue, 22 Oct 2024 | HK$209.4b | HK$518.2b | HK$5.7b | 49.6x | 36.6x | 0.4x |
| Thu, 19 Sep 2024 | HK$165.2b | HK$521.4b | HK$5.8b | 36.7x | 28.6x | 0.3x |
| Sat, 17 Aug 2024 | HK$180.9b | HK$534.7b | HK$11.9b | 12.6x | 15.2x | 0.3x |
| Mon, 15 Jul 2024 | HK$197.1b | HK$532.4b | HK$12.5b | 13x | 15.7x | 0.4x |
| Wed, 12 Jun 2024 | HK$196.7b | HK$541.0b | HK$11.9b | 13.5x | 16.6x | 0.4x |
| Fri, 10 May 2024 | HK$195.7b | HK$543.4b | HK$11.9b | 13.8x | 16.4x | 0.4x |
| Sun, 07 Apr 2024 | HK$200.1b | HK$575.0b | HK$14.9b | 12.3x | 13.4x | 0.3x |
| Tue, 05 Mar 2024 | HK$207.3b | HK$576.3b | HK$17.5b | 12.8x | 11.8x | 0.4x |
| Thu, 01 Feb 2024 | HK$199.6b | HK$583.7b | HK$17.8b | 10.8x | 11.2x | 0.3x |
| Sat, 30 Dec 2023 | HK$209.9b | HK$583.6b | HK$17.8b | 14.7x | 11.8x | 0.4x |
| Mon, 27 Nov 2023 | HK$223.8b | HK$577.9b | HK$17.6b | 13.5x | 12.7x | 0.4x |
| Wed, 25 Oct 2023 | HK$216.0b | HK$574.7b | HK$19.4b | 10x | 11.1x | 0.4x |
| Fri, 22 Sep 2023 | HK$245.2b | HK$575.2b | HK$19.4b | 11.5x | 12.6x | 0.4x |
| Sun, 20 Aug 2023 | HK$255.1b | HK$585.1b | HK$23.6b | 11.5x | 10.8x | 0.4x |
| Tue, 18 Jul 2023 | HK$248.6b | HK$598.9b | HK$25.5b | 9.4x | 9.8x | 0.4x |
| Thu, 15 Jun 2023 | HK$270.4b | HK$600.8b | HK$25.6b | 10.8x | 10.6x | 0.5x |
| Sat, 13 May 2023 | HK$291.5b | HK$618.7b | HK$26.4b | 11.7x | 11.1x | 0.5x |
Price to Earnings Ratio
11.1x
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 | 0.33% | |
| Materials | -0.75% | |
| Basic Materials | -1.42% | |
| Construction Materials | -1.42% | |
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 | |
|---|---|---|---|---|---|
| 3323 China National Building Material | HK$5.38 | 4.3% +HK$1.7b | 45.4% | PS0.2x | |
| 695 Dongwu Cement International | HK$7.83 | 12.8% +HK$491.3m | 259.2% | PS20.1x | |
| 2233 West China Cement | HK$2.58 | 0.4% +HK$54.6m | 67.5% | PE13.9x | |
| 1323 Huasheng International Holding | HK$0.14 | 13.3% +HK$12.1m | -24.4% | PS0.3x | |
| 3313 ArtGo Holdings | HK$0.13 | 6.6% +HK$11.4m | -32.3% | PS2.2x |