国投证券指出，2024年基建投资稳增长基调持续，万亿国债项目全部下达完毕，随万亿国债和超长期特别国债项目逐步开工建设，地方政府专项债项目加快审核，均有望支持全年基建投资增长；地产购房端宽松基调持续，地产行业下行态势改善可期。此外，建筑装饰行业多家头部企业积极扩展国际化布局，海外工程建设释放市场需求增量。Infrastructure stocks have been performing well recently, but collectively fell in early trading today. As of press time, China Railway fell 5.42% to HKD 4.19, China Railway Rolling Stock Corporation fell 4.79% to HKD 4.77, China Communications Construction fell 4.55% to HKD 4.82, and China Railway Construction Corporation fell 3.21% to HKD 5.43.
According to the financial news app Zipper, infrastructure stocks have been performing well recently, but collectively fell in early trading today. As of press time, China Railway fell 5.42% to HKD 4.19, China Railway Rolling Stock Corporation fell 4.79% to HKD 4.77, China Communications Construction fell 4.55% to HKD 4.82, and China Railway Construction Corporation fell 3.21% to HKD 5.43.
On the news front, China Railway Group Limited released data showing that in the first five months of this year, national railway fixed asset investment was CNY 228.47 billion, a year-on-year increase of 10.8%, accelerating the construction of a modern railway infrastructure system.
Guotai Junan Securities pointed out that in 2024, the steady growth trend of infrastructure investment will continue, with all trillion-yuan national debt projects issued and the gradual start of construction of trillion-yuan national debt and ultra-long-term special national debt projects, as well as the accelerated approval of local government special bond projects, all expected to support the growth of infrastructure investment throughout the year. The real estate purchase side remains loose, and the downward trend of the real estate industry is expected to improve. In addition, many leading enterprises in the construction and decoration industry are actively expanding their international layout, and overseas engineering construction is releasing market demand increment.
