2025 年初至今A 股申万交运指数上涨1%，跑输市场，主要受公路铁路港口等基础设施红利类资产回调影响，港股走势强于A 股。展望2026年，我们看好：1）回调到位的红利类资产，结合股息率优选个股；2）快递物流成长性机会：关注快递反内卷、科技对物流的渗透；3）周期的结构性机会，如航空的供需反转弹性，集运的中小船型，油运VLCC。快递：加盟制快递检验反内卷成果和持续性，直营快递快运或迎来修复。我们预计...
Source Link2025 年初至今A 股申万交运指数上涨1%，跑输市场，主要受公路铁路港口等基础设施红利类资产回调影响，港股走势强于A 股。展望2026年，我们看好：1）回调到位的红利类资产，结合股息率优选个股；2）快递物流成长性机会：关注快递反内卷、科技对物流的渗透；3）周期的结构性机会，如航空的供需反转弹性，集运的中小船型，油运VLCC。快递：加盟制快递检验反内卷成果和持续性，直营快递快运或迎来修复。我们预计...
Source LinkDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.