Zhi Tong Cai Jing·2025-08-29 03:56Express Delivery - In July, the express delivery business volume growth rate remained above 15%, but the month-on-month increase narrowed [2][3] - There is a growing consensus on price increases within the industry, expanding from grain-producing areas to surrounding provinces and cities, driven by rising social security costs and the upcoming peak season [2][3] Aviation - The average ticket price in the aviation sector has shown a year-on-year decline of 3.1%, with oil-inclusive prices down approximately 6.0%, but there has been marginal improvement since August [3] - The long-term supply-demand dynamics in the aviation industry remain positive, with a focus on opportunities for left-side layout and monitoring ticket price changes [3] - Key stocks to watch include Huaxia Airlines (002928) and Hainan Airlines (600221), with attention also on China National Airlines (601111), China Eastern Airlines (600115), Juneyao Airlines (603885), and Spring Airlines [3] Shipping - The oil and bulk shipping markets have demonstrated strong resilience in August, with a positive outlook for the domestic shipping market, particularly in bulk shipping as the West African iron ore shipping season approaches in November-December [4] - Companies like Haitong Development (603162) and China Merchants Energy Shipping (601872) are expected to benefit as they are the only two bulk shipping companies listed in A-shares [4] Infrastructure - The transportation infrastructure sector is experiencing increased valuation volatility, with earnings improvement becoming a key driver for individual stock prices as interim reports are released [5] - Attention is drawn to second-tier road infrastructure stocks for valuation re-evaluation, while first-tier port stocks like Tangshan Port (601000) and Qingdao Port (601298) are regaining investment value [5] - The core station renovation plan for Guangzhou-Shenzhen Railway (601333) has been initiated, opening up long-term growth potential [5]