CHINA LESSO (02128) rose more than 7%, accumulating a gain of over 10% across the last three trading sessions. As of the time of writing, the stock was up 7.13%, trading at HK$5.41, with a turnover of HK$93.17 million.

On the news front, Shenwan Hongyuan pointed out that it is optimistic about the property commencement segment for 2026, as market expectations for this segment are low, and valuations for commencement-related building materials like waterproofing and plastic pipes are at relatively low levels, making them prone to outperform expectations with policy catalysts.

In the medium to long term, it favors renovation of existing housing stock, believing that residents' demand for improving living conditions will gradually materialize as income expectations improve, recommending attention to consumer building materials stocks such as CHINA LESSO.

GF Securities also stated that high-quality leaders in the consumer building materials sector possess strong long-term demand stability, benefit from ongoing industry consolidation, and operate in favorable competitive landscapes, suggesting they still have substantial medium to long-term growth potential.