---
title: "Understanding the Market | CHINA LESSO rises over 4% again, with signs of stabilization in core mainland business and overseas operations expected to drive future growth"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274084369.md"
description: "China Lesso rose over 4% again, as of the time of writing, up 4.56% to HKD 5.96, with a trading volume of HKD 66.518 million. Huatai Securities published a research report indicating that positive real estate policies are still expected to accelerate the stabilization of the real estate market. Currently, real estate data has been sufficiently reflected in the stock prices and valuations of building materials stocks. Listed companies are gradually showing signs of revenue improvement through increased domestic market share, expansion of overseas business, and category expansion. In the short term, the firm suggests paying attention to balanced allocation opportunities between traditional cyclical building materials and emerging technology growth, recommending China Lesso and others. Citigroup stated that it has lowered Lesso's earnings forecast for 2026 to 2028 by 11% to 18%, reflecting impairment of non-core projects. However, its core business in mainland China shows signs of stabilization, with reduced drag from residential business offset by strong growth in non-residential sectors such as agriculture, industry, healthcare, and municipal services. Citigroup believes that Lesso's overseas pipeline business is expected to become a major driver of future growth, with sales growth expected to exceed 50% this year"
datetime: "2026-01-29T03:36:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274084369.md)
  - [en](https://longbridge.com/en/news/274084369.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274084369.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274084369.md) | [繁體中文](https://longbridge.com/zh-HK/news/274084369.md)


# Understanding the Market | CHINA LESSO rises over 4% again, with signs of stabilization in core mainland business and overseas operations expected to drive future growth

According to Zhitong Finance APP, China Lesso (02128) has risen over 4% again, with a current increase of 4.56%, priced at HKD 5.96, and a transaction volume of HKD 66.518 million.

Huatai Securities published a research report indicating that positive real estate policies are still expected to accelerate the stabilization of the real estate market. Currently, real estate data has been sufficiently reflected in the stock prices and valuations of building materials stocks. Listed companies are gradually showing signs of revenue improvement through increased domestic market share, expansion of overseas business, and category expansion. In the short term, the firm suggests paying attention to balanced allocation opportunities between traditional cyclical building materials and emerging technology growth, recommending China Lesso and others.

Citigroup stated that it has lowered Lesso's earnings forecast for 2026 to 2028 by 11% to 18%, reflecting impairment of non-core projects. However, its core business in mainland China shows signs of stabilization, with reduced drag from residential business offset by strong growth in non-residential sectors such as agriculture, industry, healthcare, and municipal services. Citigroup believes that Lesso's overseas pipeline business is expected to become a major driver of future growth, with sales growth expected to exceed 50% this year

### Related Stocks

- [CHINA LESSO (02128.HK)](https://longbridge.com/en/quote/02128.HK.md)

## Related News & Research

- [China Lesso to Overhaul Corporate Charter to Meet New Hong Kong Listing Rules](https://longbridge.com/en/news/281078717.md)
- [Osl Group FY adjusted non-IFRS income HK$534.1 million](https://longbridge.com/en/news/281223382.md)
- [CSPC Pharmaceutical, Alphamab Oncology's Breast Cancer Drug Study Meets Primary Endpoint](https://longbridge.com/en/news/281325910.md)
- [National minimum pay rises challenge businesses](https://longbridge.com/en/news/281388859.md)
- [Director Lin-Manuel Miranda will make musical ‘Octet’ into movie](https://longbridge.com/en/news/281577441.md)