During the Spring Festival holiday, the initial implementation of the "Guangdong Vehicles Southbound" policy proceeded smoothly, while passenger traffic in Guangdong remained at elevated levels. Concurrently, the H-share price of Yueyun Transport saw a slight increase, with technical indicators suggesting a strengthening of short-term momentum.

The recent "Guangdong Vehicles Southbound" policy experienced its first Spring Festival holiday period. Data released by the Hong Kong SAR government on February 16, 2026, showed that nearly 100 private cars from Guangdong were booked to enter Hong Kong on the first day of the holiday, with a cumulative total of nearly 500 over the following days; approximately half were expected to stay in Hong Kong for 1-2 days. The accident rate during the initial phase of the policy implementation was significantly lower than the overall rate in Hong Kong, and plans are in place to gradually expand the policy to more cities in Guangdong. Initially implemented on December 23, 2025, with a daily quota of 100 vehicles, the policy aims to enhance transportation connectivity within the Greater Bay Area and may indirectly boost regional transport demand.

Spring Festival passenger traffic continued to run at high levels. On February 20 (the fourth day of the Lunar New Year), the China Railway Guangzhou Group projected arriving passengers to exceed 2 million, with arrivals in Guangdong reaching 1.487 million, a year-on-year increase of 12.9%. During the same period, cross-regional passenger flow across society reached 339 million person-times, up 5.0% from the previous period. Previously, on February 14, the China Railway Guangzhou Group added 633 train services to handle the pre-holiday peak, transporting 2.604 million passengers, reflecting increased transportation activity during the Spring Festival travel rush.

Regarding recent stock performance, the share price experienced a modest rise. Over the past week (February 14 to 20, 2026), Yueyun Transport's H-shares saw a gain of 1.21%. On the latest trading day (February 20), the closing price was HKD 1.67, representing a single-day increase of 1.21%, while the Hang Seng Index fell 0.83% over the same period.

Short-term technical momentum showed signs of strengthening. As of February 20, the MACD histogram turned positive to 0.01, the KDJ indicator's J-line rose to 78.82, the share price hovered near the Bollinger Band midline (HKD 1.637), and the 5-day moving average held firm at HKD 1.65. However, trading volume remained thin, with a weekly turnover of HKD 155,900 and a turnover rate of just 0.04%.

The above content is compiled from publicly available information and does not constitute investment advice.