香港及中国交通运输行业 - 周期股受关注-Investor Presentation-HKChina Transportation - Cyclicals Under the Spotlight

November 14, 2025 05:16 PM GMT Investor Presentation | Asia Pacific HK/China Transportation - Cyclicals Under the Spotlight Our latest views on Chinese airlines, shipping, and express delivery. Airlines: Stay bullish on the supply-driven upcycle; summer weakness faded, and we see business demand gradually picked up. Pricing inflection is closing amid continuous PLF improvement as well as anti-involution consensus among airlines. Top Pick: Air China-H (0753.HK). OW CEA-H (0670.HK), CSA-H (1055.HK), Spring Ai ...