The report suggests maintaining a shareholding rating for av...

The report suggests maintaining a shareholding rating for aviation, oil transportation, and zto express, believing that the spring transportation profit in 2024 will exceed expectations and catalyze optimistic expectations. The prices of crude oil and refined oil transportation may remain stable, and freight rates may stop falling and rebound. Investors need to avoid peak season gaming and lay out the big logic across years. The long logic of China's aviation super cycle is supported, and it is expected that aviation demand will exceed expectations. Bullish about the potential of the super bull market in oil transportation with the rigidly highlighted oil tanker supply in the tal education.