China Energy Engineering Corporation Limited's (HKG:3996) Price Is Right But Growth Is Lacking After Shares Rocket 28%
May 13
Hong Kong (HSI) Construction Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies153
- 7D5.3%
- 3M21.0%
- 1Y-6.4%
- YTD19.8%
The Construction industry is up 5.3% in the last week, with China State Construction International Holdings up 13%. In the past year, the industry is down 6.4%. As for the next few years, earnings are expected to grow by 13% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$534.3b | HK$2.6t | HK$65.2b | 8.4x | 8.2x | 0.2x |
| Tue, 16 Apr 2024 | HK$514.3b | HK$2.6t | HK$65.4b | 8.2x | 7.9x | 0.2x |
| Thu, 14 Mar 2024 | HK$493.8b | HK$2.6t | HK$73.7b | 7.5x | 6.7x | 0.2x |
| Sat, 10 Feb 2024 | HK$477.3b | HK$2.6t | HK$73.6b | 7.3x | 6.5x | 0.2x |
| Mon, 08 Jan 2024 | HK$473.7b | HK$2.6t | HK$73.9b | 8.2x | 6.4x | 0.2x |
| Wed, 06 Dec 2023 | HK$470.3b | HK$2.6t | HK$73.8b | 8.7x | 6.4x | 0.2x |
| Fri, 03 Nov 2023 | HK$471.5b | HK$2.5t | HK$73.1b | 9.4x | 6.4x | 0.2x |
| Sun, 01 Oct 2023 | HK$505.5b | HK$2.5t | HK$74.0b | 9x | 6.8x | 0.2x |
| Tue, 29 Aug 2023 | HK$518.9b | HK$2.5t | HK$70.9b | 10.2x | 7.3x | 0.2x |
| Thu, 27 Jul 2023 | HK$571.3b | HK$2.5t | HK$75.0b | 10.4x | 7.6x | 0.2x |
| Sat, 24 Jun 2023 | HK$555.5b | HK$2.5t | HK$74.6b | 11.3x | 7.4x | 0.2x |
| Mon, 22 May 2023 | HK$592.1b | HK$2.6t | HK$76.2b | 10.9x | 7.8x | 0.2x |
| Wed, 19 Apr 2023 | HK$592.8b | HK$2.6t | HK$76.7b | 11.8x | 7.7x | 0.2x |
| Fri, 17 Mar 2023 | HK$554.8b | HK$2.5t | HK$74.8b | 9.4x | 7.4x | 0.2x |
| Sun, 12 Feb 2023 | HK$505.1b | HK$2.5t | HK$71.0b | 9.3x | 7.1x | 0.2x |
| Tue, 10 Jan 2023 | HK$479.4b | HK$2.5t | HK$71.0b | 9.5x | 6.8x | 0.2x |
| Thu, 08 Dec 2022 | HK$487.3b | HK$2.4t | HK$68.9b | 9.2x | 7.1x | 0.2x |
| Sat, 05 Nov 2022 | HK$425.6b | HK$2.3t | HK$65.6b | 9.4x | 6.5x | 0.2x |
| Mon, 03 Oct 2022 | HK$438.4b | HK$2.4t | HK$68.4b | 10.1x | 6.4x | 0.2x |
| Wed, 31 Aug 2022 | HK$500.4b | HK$2.4t | HK$70.9b | 11.4x | 7.1x | 0.2x |
| Fri, 29 Jul 2022 | HK$510.0b | HK$2.4t | HK$66.7b | 11.6x | 7.6x | 0.2x |
| Sun, 26 Jun 2022 | HK$537.4b | HK$2.4t | HK$67.6b | 12.4x | 8x | 0.2x |
| Tue, 24 May 2022 | HK$564.1b | HK$2.4t | HK$67.9b | 9.1x | 8.3x | 0.2x |
| Thu, 21 Apr 2022 | HK$559.4b | HK$2.5t | HK$68.7b | 9.7x | 8.1x | 0.2x |
| Sat, 19 Mar 2022 | HK$607.2b | HK$2.5t | HK$74.2b | 8.6x | 8.2x | 0.2x |
| Mon, 14 Feb 2022 | HK$661.1b | HK$2.5t | HK$74.3b | 9.5x | 8.9x | 0.3x |
| Wed, 12 Jan 2022 | HK$614.0b | HK$2.5t | HK$74.1b | 8.7x | 8.3x | 0.2x |
| Fri, 10 Dec 2021 | HK$597.5b | HK$2.5t | HK$74.3b | 9.8x | 8x | 0.2x |
| Sun, 07 Nov 2021 | HK$556.8b | HK$2.5t | HK$73.7b | 9.5x | 7.6x | 0.2x |
| Tue, 05 Oct 2021 | HK$597.4b | HK$2.4t | HK$73.4b | 9.5x | 8.1x | 0.2x |
| Thu, 02 Sep 2021 | HK$611.9b | HK$2.4t | HK$73.6b | 9.6x | 8.3x | 0.3x |
| Sat, 31 Jul 2021 | HK$490.8b | HK$2.4t | HK$73.6b | 9.2x | 6.7x | 0.2x |
Price to Earnings Ratio
7.8x
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 8.2x which is higher than its 3-year average PE of 7.4x.
- 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 remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 5.1% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 2.56% | |
| Industrials | 2.55% | |
| Construction | 5.26% | |
| Construction and Engineering | 5.26% | |
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 | |
|---|---|---|---|---|---|
| 3311 China State Construction International Holdings | HK$10.46 | 13.4% +HK$6.2b | 10.0% | PE5.8x | |
| 1800 China Communications Construction | HK$4.86 | 5.4% +HK$4.1b | 1.7% | PE3.2x | |
| 1618 Metallurgical Corporation of China | HK$1.78 | 7.9% +HK$2.7b | -13.2% | PE5.5x | |
| 3996 China Energy Engineering | HK$0.92 | 5.7% +HK$2.1b | -15.6% | PE4.3x | |
| 1735 Central New Energy Holding Group | HK$5.73 | 4.4% +HK$1.0b | 17.5% | PE364.9x |
