President of Azerbaijan Ilham Aliyev signed a decree on measures to build the Muganli-Ismailli (30 km) -Tezekand-Agbulag-Goshakend highway in Ismayilli region. - A new bridge will be built on the Azerbaijani-Russian border till the end of the year - According to the action plan drawn up by the Azerbaijani State Highway Agency, the Mardakan-Gala section of the Buzovna-Mardakan-Gala highway connecting three settlements has been restored - Azerbaijani President Ilham Aliyev has signed an order regarding measures to construct the Gizilhajili-Goranboy-Goran-Rahimli-Veyisli-Gazanbulag-Borsunlu road in the Goranboy district. Agreements with Azerbaijani officials for the connection of the Azerbaijani railway to the railway of Parsabad County of Iran's northeastern Ardabil Province have been reached - Over 200 Turkish-made buses are used in Azerbaijan's Sumgait city. - The production of Peugeot cars under the Khazar brand has been launched on the basis of the Neftchala Industrial Site

The value chain of pre-engineered building market is characterized by the presence of raw material manufacturers/suppliers, pre-engineered building manufacturers, and contractors/erectors. The primary raw material used in the manufacturing of pre-engineered buildings (PEBs) is steel, which is obtained from steel mills. High-tensile steel is used for manufacturing the primary frame of PEB, whereas galvanized steel is used for the production of secondary components of the building, such as purlins and girts. The other steel variants used in manufacturing PEBs include hot rolled sections, sheeting coils, galvanized steel coil sheets, and hot rolled plates. Major companies providing steel products to PEB manufacturers include ArcelorMittal, China Baowu Group, Shagang Group, and Ansteel Group. PEB manufacturers procure steel products from different suppliers after taking quotations and performing quality checks.

2019 年 1-2 月，固定资产投资为 44849 亿元，同比增长 6.1%，与 2018 年全年相比增速提高了 0.2 个百分比。其中基建投资为 11749 亿元，同比增长 2.50%，比 18 年全年提高 0.5 个百分点，我们认为 2019 年全年基建投资有望恢复至合理水平。

2005年以来，建筑指数与万得全 A 相关系数高达 0.97，板块行情与市场走势紧密相关，但年初以来建筑指数跑输 10.45%。建筑/万得全 A 比值存在较稳定的波浪式运动，当前比值 0.60，低于近五年底部 0.63 和今年年初的 0.66。历次政策宽松建筑股可能经历“政策转向”-“宽信用兑现”-“基本面分化”的三个阶段，当前可能处于后两个阶段过渡期，3 月金融投资数据公布后或进入基本面分化阶段。当前时点继续看好低估值建筑的补涨机会，重点推荐估值仍处历史低分位的设计、地方国企和国际工程。

节后开工投资数据出炉，但从当月同比、累计同比、ttm 同比口径来看，基建投资增速走势不一致。实际基建投资增速存在一定波动，但随着基建资金进一步到位，后续投资依然有上升空间。