Huatai Securities: Peak Season Catalysts Drive Price Improvements in Transportation Sector; Focus on Oil Tankers and Express Delivery

36Kr reports that Huatai Securities' research suggests focusing on two core themes for October: rising shipping rates and the recovery of express delivery profitability, while also allocating to passenger transport with strong performance and high-dividend stocks. In shipping, fluctuating Middle East tensions elevate geopolitical risk premiums, combined with the traditional peak season, driving further rate increases; in express delivery, 'anti-involution' measures and the peak season are expected to jointly push for price hikes, facilitating a recovery in per-parcel profitability and valuations. Regarding allocation, the misalignment of holiday schedules drives divergence in passenger transport sentiment, with railway passenger traffic leading during the National Day holiday; high-dividend highways remain attractive; air cargo resilience and medium-to-long-term improvements in hazardous chemical logistics are also favored. Additionally, the aviation passenger sector currently has low expectations, with falling oil prices expected to serve as a key catalyst.