建筑建材板块在 2026 年的投资机会有哪些？ 周期专场：周期行业开年机会把握 20260114 摘要 中通快递受益于市占率提升和头尾分化趋势，估值修复潜力大，是电商 快递领域的布局重点。 顺丰控股和京东物流基本面触底，通过降本增效和收紧亏损业务，业绩 有望迎来修复，内部管理优化和营销策略调整将提高业绩弹性。 顺丰同城作为独立第三方即时配送服务商，受益于即时零售发展，处于 超跌位置，有望实现高成长和利润增长。 罗曼股份在 AI 基础设施建设领域订单规模大，政策支持力度强，预计 2025-2026 年业绩增长确定性高。 上海港湾通过收购进入卫星能源系统领域，受益于商业航天加速发展， 同时布局钙钛矿技术，提升未来需求。 香港房地产市场成交量和价格回升，2025 年新房成交量创近 20 年新高， 二手房价格自去年 4 月以来已回升 8%。 预期美元利率下降将推动香港房贷利率下降，利好新鸿基地产、恒基地 产、信和置业等港资地产龙头公司，其持有型资产收租情况改善，分红 稳定，估值有望提升。 Q&A 2026 年快递行业的投资机会有哪些？ 2026 年快递行业存在多种投资机会，主要集中在以下几个方面： 整体来看，极兔速递 ...

January 13, 2026 09:00 PM GMT Hong Kong/China Transportation | Asia Pacific 2026 Outlook: More Opportunities than Risks Supply matters when the macro outlook remains soft. We focus on supply side opportunities from: 1) airlines' supply chain constraints; 2) tanker shipping's tight compliant capacity; and 3) express delivery's segment consolidation. We see risks in container shipping due to oversupply concerns. Airlines – the show goes on: Pricing inflation has resumed since Oct-25. Aside from a favorable su ...

Investment Rating - The report maintains a "Recommended" rating for the transportation industry [2] Core Insights - The shipping sector is experiencing a recovery in oil transportation due to improved demand post-holidays and geopolitical tensions [6][16] - The aviation industry aims to achieve a passenger volume of 810 million in 2026, reflecting a growth rate of 5.2% [23][24] - The express delivery sector is expected to see a gradual recovery in competition and profitability, with a focus on major players like SF Express [20] Shipping - The oil shipping sector is rebounding due to increased cargo availability from the Middle East and geopolitical sanctions affecting supply [6][16] - Container shipping rates are showing slight increases, with strong pricing power among shipowners before long-term contract negotiations [11][12] - Key stocks to watch include COSCO Shipping Energy, China Merchants Energy, and Pacific Shipping [16] Infrastructure - Weekly data indicates a decline in truck traffic and rail freight, with road truck traffic at 46.964 million vehicles, down 14.9% week-on-week [17][18] - Port throughput for the first week of 2026 was 25.4953 million tons, showing a slight decrease but a year-on-year increase of 7.7% in container throughput [18] - Recommended stock for infrastructure investment is Anhui Expressway [18] Express Delivery - In November 2025, express delivery volume reached 18.06 billion pieces, a year-on-year increase of 5%, while revenue decreased by 3.7% [19][20] - The competitive landscape is expected to stabilize, with major companies like SF Express anticipated to see profit growth in 2026 [20] - Recommended stocks include SF Express, ZTO Express, YTO Express, and Yunda Express [20] Aviation - The aviation sector is entering a critical period with the Spring Festival approaching, and passenger volume is projected to grow by 5.2% in 2026 [23][24] - Recent data shows a year-on-year increase in domestic passenger volume of 1.5% and a decrease in ticket prices [21][24] - Recommended stocks include Air China, China Southern Airlines, and Spring Airlines [24] Logistics - The cross-border air freight price index has decreased by 19.9% week-on-week, indicating a significant drop in logistics costs [25]

"佛山发布"微信公众号消息，1月9日，中通快递集团大湾区（佛山）空地一体智慧运营中心在佛山市顺 德区均安镇畅兴三期园区正式开工建设。项目占地212亩，总投资达50亿元。项目首期投资30亿元，重 点搭建无人物流装备总装中心、工业仓储服务中心、空地一体智慧运营结算中心及智慧快递应用场景中 心四大核心板块。达产后，预计可实现年营业收入超30亿元。 ...

Market Performance - US stock markets closed higher, with the Dow Jones and S&P 500 reaching record closing highs, while major tech stocks saw broad gains [1][3] - The three major US indices all rose, with the Dow Jones increasing by 0.48% to 49,504.07 points, the S&P 500 up 0.65% to 6,966.28 points, and the Nasdaq Composite rising 0.81% to 23,671.35 points [3] - Weekly performance showed all three indices increased, with the Nasdaq up 1.88%, the Dow up 2.32%, and the S&P 500 up 1.57% [4] Sector Performance - Major tech stocks mostly rose, with the US Tech Seven Index increasing by 0.48% [5] - Notable individual stock performances included Tesla rising over 2%, Meta increasing by more than 1%, and slight gains for Google, Amazon, Microsoft, and Apple [6] Chip Sector Insights - The chip sector experienced significant gains, driven by increased demand for AI computing data centers, leading to rising prices for memory chips and components [11] - Intel rose over 10%, SanDisk increased nearly 13%, and other companies like Lam Research, Applied Materials, and ASML saw gains exceeding 6% [11] - SanDisk's stock price was reported at $377.41, with a year-to-date increase of 58.99%, while Intel's stock was at $45.53, up 23.37% year-to-date [12] Chinese Stocks Performance - Chinese stocks showed mixed results, with the Nasdaq Golden Dragon China Index declining by 1.3% [12] - Major Chinese stocks such as Alibaba and Xpeng Motors fell over 2%, while Netease and Beike dropped more than 1% [12][13] Economic Indicators - The US non-farm payroll report for December showed an increase of 50,000 jobs, below expectations, with an unemployment rate of 4.4% [15] - The labor market appears balanced rather than weak, indicating a stable economic condition that may not necessitate significant changes in monetary policy [16] - Traders expect almost zero probability of a Federal Reserve rate cut in January, with the likelihood of maintaining current rates rising to 95% [17]

Group 1 - The Nasdaq Golden Dragon China Index increased by 1.09% on January 8 [1] - Key Chinese stocks saw significant gains, with GDS Holdings rising over 8% and Bilibili increasing by more than 6% [1] - Tencent Music and Alibaba both rose by over 5%, while other companies like Kingsoft Cloud and Xpeng Motors saw increases of over 3% [1] Group 2 - JD.com and Vipshop experienced gains of over 2%, while ZTO Express and Futu Holdings rose by more than 1% [1] - Ctrip and NetEase had slight increases, indicating a generally positive market sentiment for these companies [1] - Conversely, Baidu and Bawang Tea House fell by over 3%, with Manbang and NIO also experiencing declines of more than 1% [1]

In the current session, the stock is trading at $21.51, after a 0.84% spike. Over the past month, ZTO Express (Cayman) Inc. (NYSE:ZTO) stock increased by 3.30%, and in the past year, by 21.17%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.How Does ZTO Express (Cayman) P/E Compare to Other Companies?The P/E ratio measures the current share price to the company's EPS. It is used by ...

Core Viewpoint - The express delivery industry is transitioning towards high-quality development, focusing on compliance and rational competition while maintaining high growth rates in 2026 [1][2]. Group 1: Industry Growth and Trends - The 2026 National Postal Work Conference indicates that the express delivery industry will continue to grow, with an expected business volume of 2.14 billion packages, representing an approximate 8% year-on-year increase [3]. - In 2025, the national express business revenue reached 1.5 trillion yuan, with a year-on-year growth of 6.5%, while the business volume was 1.99 billion packages, growing by 13.7% [3]. - The industry is expected to maintain a double-digit growth rate in express volume due to policies aimed at boosting consumption [3]. Group 2: Pricing Strategies - The conference emphasized the need to shift from traditional reliance on scale and speed to qualitative improvements and reasonable growth, discouraging the "price for volume" model [2]. - In 2025, several regions in China raised express delivery prices, with increases ranging from 0.3 to 0.5 yuan per package, indicating a general acceptance among customers [3][4]. - The price adjustments are seen as necessary for the industry's healthy development, allowing for adequate profit margins to support investments in service quality [4]. Group 3: Technological Advancements - The industry is witnessing an increase in the application of technology, including the deployment of over 3,000 unmanned delivery vehicles, which have significantly reduced transportation costs by 50% [6]. - Companies like Yunda are investing in AI technologies to enhance customer service and operational efficiency, developing tailored solutions for the industry [6]. Group 4: International Expansion - The industry is encouraged to accelerate international expansion while adapting strategies to local market conditions, avoiding the direct replication of domestic pricing strategies [7]. - Jitu reported a 73.6% year-on-year increase in package volume in Southeast Asia, reaching 2.44 billion packages in Q4 2025, while also achieving significant growth in new markets [7]. - SF Express reported a 27% year-on-year growth in international express and cross-border e-commerce logistics revenue in Q3 2025, indicating a positive trend in international business [7].

国家邮政局披露的数据显示，2025年全国快递业务收入和快递业务量分别完成1.5万亿元和1990亿件，同比分别增长6.5%和13.7%。2026年行业仍将保持稳步 上升态势，预计快递业务量完成2140亿件，同比增长8%左右。邮政行业业务收入、快递业务收入稳步提升。 继续聚焦价格 伴随技术、价格的变化，快递业正向高质量发展迈进。 2026年全国邮政工作会议指出，"十五五"时期，全行业要摆脱对规模和速度的传统路径依赖，将发展重心切换到质的有效提升和量的合理增长上来。前瞻性 应对存量市场竞争带来的新挑战，引导企业摒弃"以价换量"旧模式，着力遏制无序非理性竞争，追求实实在在、成色更足的增长，解决好末端服务不告而 投、丢失损坏的问题。 此外，会议强调，行业要注重普惠性基础性兜底性民生建设，以及持续优化国际物流组织模式，强化与跨境电商、中国制造的信息协同、资源协同和业务协 同。 对此，快递物流专家赵小敏对第一财经记者表示，从监管层释放的信号看，今年将继续引导企业向高质量的路径发展，同时平衡好快递公司、加盟商和快递 员三方的利益。 另一方面，在监管加强的背景下，行业会进一步合规化，包括企业的环保责任、快递员的福利保障、派费机 ...

本报讯 （记者 刘欣欣） 近日，朝阳区金盏地区总工会先后来到辖区维伯科技有限公司和中通快递北京 朝阳金泽网点，为240名坚守岗位的快递员、外卖配送员送上冬日关怀，让他们在寒冬中感受到"娘家 人"的浓浓温情。 转自：劳动午报 （来源：劳动午报） 金盏地区总工会相关负责人表示，此次慰问活动不仅为新就业形态劳动者送去冬日温暖，更传递了工会 组织的关爱。下一步，地区总工会将持续聚焦新就业形态劳动者群体需求，常态化开展多元化服务，用 心解决他们的急难愁盼，让他们安心舒心工作生活。 本次慰问活动中，金盏地区总工会精心筹备了"能量餐包"，餐包里包含自嗨锅、火腿肠、饼干、黑芝麻 糊、薯条、小面包等食品。这些餐包针对性解决了新就业形态劳动者户外工作、就餐不规律的需求，既 能及时补充能量，也能驱散冬日寒意。 值得一提的是，慰问现场，中通快递北京朝阳金泽网点站长王全英找到工会工作人员，希望能为站点仅 有的4名女职工拍一张合影。4名女职工分别负责工单处理、工资考勤、客户需求解决等工作，虽年纪轻 轻却已是站点的"老职工"，始终和快递员们一同坚守一线。随着相机快门按下，她们坚守岗位的风采被 定格下来，工会的温暖也随之留在了每一位劳动者的 ...