摩根大通：亚洲基础设施、工业与交通运输

Investment Rating - The report provides an "Overweight" (OW) rating for several companies, indicating a positive outlook for their performance in the market [9][13]. Core Insights - The report highlights opportunities arising from the trade war and China's stimulus measures in the near term [5]. - Medium-term growth is expected to be driven by the "China+1" strategy, post-war reconstruction, and advancements in robotics [6]. - Long-term stability is supported by structural growth drivers within the industry [7]. Company Summaries - Shenzhen Inovance is positioned to benefit from the industrial automation (IA) cycle inflection [9]. - Weichai Power is anticipated to experience growth as China's heavy-duty truck (HDT) market enters an upcycle [9]. - Evergreen Marine is expected to gain from supply chain adjustments [9]. - SANY and XCMG are set to benefit from increasing demand for construction machinery [9]. - Sanhua and Leader Drive are identified as key players in the humanoid robot sector [9]. - C SF Holdings and ICT are likely to benefit from further supply chain adjustments [9]. - Weichai's market share in large-bore engines is projected to grow significantly [9]. - TTI is sustaining growth through innovation and a shift towards cordless tools [9]. - CRRC is benefiting from high-speed train demand and the phase-out of diesel engines [9]. - ST Engineering is expanding internationally amid geopolitical tensions [9].