建筑装饰：建筑板块依旧低配建议关注低估值和顺周期

财通证券股份有...10-28

2024Q3 基金重仓建筑板块比例环比维持下滑：以普通股票型、偏股混合型、平衡混合型、灵活配置型4 类主动偏股类基金（开放式及封闭式）为样本，2024Q3 末建筑板块基金重仓比例为0.43%，环比2024Q2 下滑0.09pct；同期建筑板块标配比例为2.01%，低配幅度达到1.58%。财政支出压力下建筑央国企重仓规模下滑，头部建筑企业仍是Q3 配置重点：Q3 末机构重仓建筑市值前10 的个股主要...

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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20241028201334ab7b9768&s=b><strong>财通证券股份有...</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>2024Q3 基金重仓建筑板块比例环比维持下滑：以普通股票型、偏股混合型、平衡混合型、灵活配置型4 类主动偏股类基金（开放式及封闭式）为样本，2024Q3 末建筑板块基金重仓比例为0.43%，环比2024Q2 下滑0.09pct；同期建筑板块标配比例为2.01%，低配幅度达到1.58%。财政支出压力下建筑央国企重仓规模下滑，头部建筑企业仍是Q3 配置重点：Q3 末机构重仓建筑市值前10 的个股主要...</p>\n\n<a 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的重仓持股占流通股比分别为：鸿路钢构(19.7%/+5.66pct)、华阳国际(10.0%/-0.18pct)、罗曼股份(9.6%/-8.23pct)、三联虹普(2.7%/+1.11pct)、隧道股份(2.7%/-1.06pct)、中材国际(2.5%/-0.48pct)、汇绿生态(1.9%/+1.9pct)、华设集团(1.5%/-3.85pct)、建发合诚(1.3%/+0.07pct)、中国建筑(1.2%/-0.14pct)。总体来看，基金重仓建筑央企股数占其流通股比例不高，但民企中鸿路钢构、华阳国际、罗曼股份分别达到19.7%/10.0%/9.6%，显著高于其他个股。投资建议：短期看，在一揽子财政增量政策出台的背景下，基建施工、园林、设计、装饰等板块有望迎来阶段性估值修复行情；中长期看，基建行业发展正在经历变革，融资渠道相对多元的建筑央国企拥有更强的抗风险能力，比如中国建筑（601668.SH）、中国化学（601117.SH）、隧道股份（600820.SH）、中国交建（601800.SH）、中国铁建（601186.SH）、中材国际（600970.SH）、中钢国际（000928.SZ）、中国核建（601661.SH）、中国电建（601669.SH）、北方国际（000065.SZ）、东湖高新（600133.SH）等。拥有核心竞争力且负债率相对不高的民企，则有望在行业出清后迎来新的发展机遇，建议关注鸿路钢构（002541.SZ）、江河集团（601886.SH）、郑中设计（002811.SZ）、华阳国际（002949.SZ）、大丰实业（603081.SH）、豪尔赛（002963.SZ）等公司。风险提示：稳增长力度不及预期风险，政策效果不及预期风险，经济恢复不及预期风险。","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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建筑装饰：建筑板块依旧低配 建议关注低估值和顺周期

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建筑装饰：建筑板块依旧低配建议关注低估值和顺周期