智通财经APP获悉，基建股早盘回落，截至发稿，中国铁建(01186)跌3.5%，报5.52港元；中国中车(01766)跌3.29%，报5港元；中国交建(01800)跌3.24%，报5.37港元；中国中铁(00390)跌2.92%，报3.99港元。
国投证券指出，前三季度建筑装饰行业实现营收6.20万亿元，同比下滑4.88%；毛利6190.03亿元，同比4.40%；归母净利润1378.15亿元，同比下滑11.70%。分季度来看，第一季度、第二季度、第三季度各季度建筑装饰行业营收增速分别为1.23%、-7.27%、-8.11%，各季度归母净利润增速分别为-2.30%、-17.21%、-15.30%。建筑央企营收/业绩均同比下滑，但下滑幅度小于整体行业。
国盛证券指出，全国人大常委会审议批准10万亿化债规模，地方化债压力减轻后有望加大力度支持基建等领域，加快在建项目推进，促建筑企业收入和利润改善，部分资金用于偿还企业欠款，有望修复建筑企业资产负债表，促PB加快修复。后续财政政策、地产增量政策、货币政策可继续期待，行业景气有望显著向上。此外为应对特朗普上台后的中美博弈加剧，我国对外有望加力推进“一带一路”，对内稳投资、稳地产、促消费等扩内需政策有望加快出台，有望持续催化板块估值。
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