交通运输行业周报：港珠澳大桥六年迎客超6230万人次

Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [1]. Core Insights - The report highlights that the transportation sector has shown resilience, outperforming the broader market with a 1.8% increase during the week of October 21-25, 2024, compared to a 1.2% increase in the Shanghai Composite Index [19]. - Key sub-sectors such as cross-border logistics, air transport, and shipping have demonstrated significant weekly gains, with cross-border logistics up by 4.5% and air transport up by 4.0% [19]. Market Performance Overview - The transportation index increased by 1.8% from October 21 to October 25, 2024, while the Shanghai Composite Index rose by 1.2% during the same period [19]. - Notable weekly performance in sub-sectors includes: - Cross-border logistics: +4.5% - Air transport: +4.0% - Shipping: +3.6% - Road freight: +3.4% - Public transport: +2.0% - Express delivery: +1.7% [19]. Recent Highlights - The Hong Kong-Zhuhai-Macao Bridge has welcomed over 62.3 million visitors in six years, indicating strong infrastructure utilization [33]. - The Longzhou Hub has seen cargo throughput exceed 183 million tons, marking a 21.24% year-on-year increase [34]. - The express delivery sector has experienced a peak in business volume, with a record of 19.2 billion packages collected nationwide from October 21 to 23, 2024, reflecting a 48.7% year-on-year growth [34]. Investment Strategy - The report recommends focusing on the aviation sector, particularly Spring Airlines, Hainan Airlines, and Juneyao Airlines, due to expected recovery in international travel demand [4]. - In the express delivery sector, companies such as SF Express, Air China, YTO Express, and Yunda Express are highlighted as potential investment opportunities [4].